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200 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 1 | Johnson & Johnson reported a 10 % rise in third - quarter net income on a 12 % sales increase - results that were driven particularly by new products including pharmaceuticals and the company ' s professional operations . | pharmaceuticals | Any specific pharmaceuticals of interest? | 30 | 31 |
201 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 1 | Johnson & Johnson reported a 10 % rise in third - quarter net income on a 12 % sales increase - results that were driven particularly by new products including pharmaceuticals and the company ' s professional operations . | company ' s professional operations | What professional operations? | 33 | 38 |
202 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 1 | Johnson & Johnson reported a 10 % rise in third - quarter net income on a 12 % sales increase - results that were driven particularly by new products including pharmaceuticals and the company ' s professional operations . | new products | WHAT ARE THE NEW PRODUCTS? | 27 | 29 |
203 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 1 | Johnson & Johnson reported a 10 % rise in third - quarter net income on a 12 % sales increase - results that were driven particularly by new products including pharmaceuticals and the company ' s professional operations . | professional operations | what professional operations? | 36 | 38 |
204 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 1 | Johnson & Johnson reported a 10 % rise in third - quarter net income on a 12 % sales increase - results that were driven particularly by new products including pharmaceuticals and the company ' s professional operations . | 12 % sales increase - results | how did it increase? | 16 | 22 |
205 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 2 | Net for the New Brunswick , N . J . , maker of health - care products climbed to $ 265 million , or 80 cents a share , from $ 240 million , or 71 cents a share , in the year - earlier period . | year - earlier period | WHAT YEAR? | 42 | 46 |
206 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 3 | Sales rose to $ 2 . 45 billion from $ 2 . 2 billion . | Sales rose | WHY DID SALES RISE? | 0 | 2 |
207 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 4 | The year - ago per - share earnings are adjusted to reflect a 2 - for - 1 stock split last May . | stock split | WHAT CAUSED A STOCK SPLIT? | 18 | 20 |
208 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 4 | The year - ago per - share earnings are adjusted to reflect a 2 - for - 1 stock split last May . | stock split | Why did they do a stock split? | 18 | 20 |
209 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 4 | The year - ago per - share earnings are adjusted to reflect a 2 - for - 1 stock split last May . | stock split last | what is a stock split? | 18 | 21 |
210 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 5 | In a statement , Ralph S . Larsen , chairman and chief executive officer , said the company was pleased with its third - quarter sales performance , " especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter . " | domestic consumer markets | Were there any notable competitive problems? | 38 | 41 |
211 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 5 | In a statement , Ralph S . Larsen , chairman and chief executive officer , said the company was pleased with its third - quarter sales performance , " especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter . " | extremely competitive environment | WHQT IS MAKING THE ENVIORNMENT COMPETATIVE? | 34 | 37 |
212 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 5 | In a statement , Ralph S . Larsen , chairman and chief executive officer , said the company was pleased with its third - quarter sales performance , " especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter . " | pleased | Why was he pleased? | 19 | 20 |
213 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 5 | In a statement , Ralph S . Larsen , chairman and chief executive officer , said the company was pleased with its third - quarter sales performance , " especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter . " | competitive environment | Why is the market competitive? | 35 | 37 |
214 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 5 | In a statement , Ralph S . Larsen , chairman and chief executive officer , said the company was pleased with its third - quarter sales performance , " especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter . " | negative impact | Why was the impact negative? | 43 | 45 |
215 | 168 | 1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations.
2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a share, from $240 million, or 71 cents a share, in the year-earlier period.
3 Sales rose to $2.45 billion from $2.2 billion.
4 The year-ago per-share earnings are adjusted to reflect a 2-for-1 stock split last May.
5 In a statement, Ralph S. Larsen, chairman and chief executive officer, said the company was pleased with its third-quarter sales performance, 'especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter.'
6 David J. Lothson, an industry analyst for PaineWebber Group Inc., said Johnson & Johnson's results slightly exceeded his expectations for the third quarter.
7 In New York Stock Exchange composite trading yesterday, Johnson & Johnson shares fell 37.5 cents to $54.625.
8 Mr. Larsen noted 'substantial sales growth' for the recently introduced Acuvue disposable contact lens and Hismanal, a once-a-day antihistamine.
9 Eprex, used by dialysis patients who are anemic, and Prepulsid, a gastro-intestinal drug, did well overseas, he said.
10 Despite health-care cost controls and programs to hold down inventory, the professional division, which makes products including sutures and surgical stapling equipment, 'achieved solid growth,' Johnson & Johnson said.
11 But domestic consumer sales slipped 1.2% for the quarter, to $490 million from $496 million.
12 The company cited softness in the retail health and beauty aids category, 'as well as the intense competition in the company's sanitary protection product line.' Overseas sales were stronger, principally because of a rebound in Brazil, where economic turmoil had hurt year-earlier results, Johnson & Johnson said.
13 Mr. Lothson of PaineWebber said the company's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter.
14 He cautioned, however, that a 'tough tax-rate comparison' may slow the company's earnings growth for the current quarter.
15 For last year's fourth quarter, the company's tax rate was less than 20%, he said.
16 While the third period contained no major surprises, Mr. Lothson said, the results show how sensitive the multinationals can be to developments in a single country such as Brazil.
17 He also questioned whether recent gains in that country can be sustained.
18 The following issues were recently filed with the Securities and Exchange Commission:
19 Bergen Brunswig Corp., proposed offering of liquid yield option notes, via Merrill Lynch Capital Markets.
20 Columbia Gas System Inc., shelf offering of up to $200 million of debentures.
21 Laserscope, initial offering of 1,656,870 common shares, of which 1,455,000 shares are to be sold by the company and 201,870 by holders, via Alex.
22 Brown & Sons Inc. and Volpe, Covington & Welty.
23 TeleVideo Systems Inc., proposed offering of 1,853,735 common shares, to be sold by holders.
24 Western Gas System Inc., initial offering of 3,250,000 common shares, of which 3,040,000 shares will be sold by the company and 210,000 by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co. and Hanifen, Imhoff Inc.
| 5 | In a statement , Ralph S . Larsen , chairman and chief executive officer , said the company was pleased with its third - quarter sales performance , " especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter . " | Ralph S . Larsen , | how long has he been chairman? | 4 | 9 |
216 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 1 | Cray Research Inc . forecast that 1990 will be a no - growth year for its supercomputer line . | no - growth | What made them predict this? | 10 | 13 |
217 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 1 | Cray Research Inc . forecast that 1990 will be a no - growth year for its supercomputer line . | forecast that 1990 will be a no - growth year | Why does Cray Research think it will be a no-growth year? | 4 | 14 |
218 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 1 | Cray Research Inc . forecast that 1990 will be a no - growth year for its supercomputer line . | Cray | where are they from | 0 | 1 |
219 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 1 | Cray Research Inc . forecast that 1990 will be a no - growth year for its supercomputer line . | forecast | How did they construct their forecast? | 4 | 5 |
220 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 1 | Cray Research Inc . forecast that 1990 will be a no - growth year for its supercomputer line . | Cray Research Inc . | What type of company is Cray Research Inc? | 0 | 4 |
221 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 2 | In what has become a series of bad - news announcements , the world ' s largest maker of supercomputers said that after reviewing its order prospects , " we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat . " | again | In previous years what caused this drop in revenue? | 45 | 46 |
222 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 2 | In what has become a series of bad - news announcements , the world ' s largest maker of supercomputers said that after reviewing its order prospects , " we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat . " | has become a series of bad - news announcements , | Why has there been a series of bad-news announcements? | 2 | 12 |
223 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 2 | In what has become a series of bad - news announcements , the world ' s largest maker of supercomputers said that after reviewing its order prospects , " we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat . " | revenue | what is the 5 year 10 year trend | 44 | 45 |
224 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 2 | In what has become a series of bad - news announcements , the world ' s largest maker of supercomputers said that after reviewing its order prospects , " we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat . " | a series of bad - news announcements , | Why have they had a series of bad-news announcements? | 4 | 12 |
225 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 3 | Cray jolted the market in July when it slashed revenue and earnings projections for this year , citing a slowing economy that has delayed orders from government as well as commercial customers . | commercial | Do commercial customers or the government make up the majority of their earnings? | 30 | 31 |
226 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 3 | Cray jolted the market in July when it slashed revenue and earnings projections for this year , citing a slowing economy that has delayed orders from government as well as commercial customers . | citing a slowing economy | Why has the economy slowed? | 17 | 21 |
227 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 3 | Cray jolted the market in July when it slashed revenue and earnings projections for this year , citing a slowing economy that has delayed orders from government as well as commercial customers . | year , | what plans does the company have to improve business | 15 | 17 |
228 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 3 | Cray jolted the market in July when it slashed revenue and earnings projections for this year , citing a slowing economy that has delayed orders from government as well as commercial customers . | slowing economy | Why is the economy slowing? | 19 | 21 |
229 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 3 | Cray jolted the market in July when it slashed revenue and earnings projections for this year , citing a slowing economy that has delayed orders from government as well as commercial customers . | slashed revenue and earnings projections | How much did it slash revenue and earnings projections? | 8 | 13 |
230 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 4 | The company made its 1990 projection - - an unusual event for Cray - - in announcing improved net income for the third quarter . | improved | What caused this prediction? | 17 | 18 |
231 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 4 | The company made its 1990 projection - - an unusual event for Cray - - in announcing improved net income for the third quarter . | an unusual event | Why is making a projection an unusual event for Cray? | 8 | 11 |
232 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 4 | The company made its 1990 projection - - an unusual event for Cray - - in announcing improved net income for the third quarter . | an unusual event for Cray | Why is this unusual? | 8 | 13 |
233 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 5 | Cray said it earned $ 30 . 6 million , or $ 1 . 04 a share , up 35 % from $ 22 . 6 million , or 73 cents a share , a year ago . | share , | how many total shaare holders are there | 16 | 18 |
234 | 169 | 1 Cray Research Inc. forecast that 1990 will be a no-growth year for its supercomputer line.
2 In what has become a series of bad-news announcements, the world's largest maker of supercomputers said that after reviewing its order prospects, 'we have concluded it is prudent to plan for next year on the assumption that revenue again will be flat.'
3 Cray jolted the market in July when it slashed revenue and earnings projections for this year, citing a slowing economy that has delayed orders from government as well as commercial customers.
4 The company made its 1990 projection -- an unusual event for Cray -- in announcing improved net income for the third quarter.
5 Cray said it earned $30.6 million, or $1.04 a share, up 35% from $22.6 million, or 73 cents a share, a year ago.
6 Revenue gained 45% to $210.2 million from $145.2 million.
7 For the nine months, earnings totaled $36.6 million, or $1.24 a share, down 46% from $68.1 million, or $2.19 a share, a year earlier.
8 Revenue was $454.6 million, a 6.9% gain from $425.4 million.
9 Cray made its announcement after the stock market closed.
10 In New York Stock Exchange composite trading yesterday, Cray closed down $1.125 at $34.25.
11 Cray said its order backlog at Sept. 30 was $315 million, down $25 million from June 30.
12 Marcello Gumucio, president, said the company 'did well in the quarter as far as revenues and earnings are concerned, and not quite as well in terms of signing orders.'
13 As for the current period, Mr. Gumucio said, 'We anticipate that fourth-quarter revenue and earnings will be substantially greater than any of the preceding three quarters, but not up to the record levels of last year's fourth quarter' when Cray earned $88.5 million, or $2.80 a share.
14 He added that the company expects 'strong' operating profit for the year, 'but at a level significantly lower than last year.' He said 1989's net income could be 11% to 13% of revenue, which, assuming current expectations, would be 40% to 45% below 1988's level.
15 Last year, Cray earned $156.6 million, or $4.99 a share, on revenue of $756.3 million.
16 Next year 'looks dismal,' said analyst Paul Luber of Robert Baird & Co., Milwaukee.
17 Noting that Cray doesn't have a low-end supercomputer to compete with the likes of Convex Computer Corp. and International Business Machines Corp., Mr. Luber said such a machine would be necessary 'to get things back on line here.' Cray has indicated it will decide on whether to build such a machine before year end.
| 5 | Cray said it earned $ 30 . 6 million , or $ 1 . 04 a share , up 35 % from $ 22 . 6 million , or 73 cents a share , a year ago . | up 35 % | Why did earnings/share go up? | 18 | 21 |
235 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 1 | The stock market ' s woes spooked currency traders but prompted a quiet little party among bond investors . | party among bond investors | Why were the bond investors partying? | 14 | 18 |
236 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 1 | The stock market ' s woes spooked currency traders but prompted a quiet little party among bond investors . | bond investors | how are these investors different? | 16 | 18 |
237 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 1 | The stock market ' s woes spooked currency traders but prompted a quiet little party among bond investors . | quiet little party among bond investors | Why are they having a party? | 12 | 18 |
238 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 2 | Prices of long - term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening . | economy is weakening | Why is the economy weakening? | 21 | 24 |
239 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 2 | Prices of long - term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening . | inversely | Does this mean the bonds were better or worse off? | 8 | 9 |
240 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 3 | But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies . | shaky economic outlook | Why is the economic outlook shakey? | 2 | 5 |
241 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 3 | But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies . | major currencies | which currencies? | 15 | 17 |
242 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 4 | The bond market got an early boost from the opening - hour sell - off in stocks . | opening - hour | when is opening hour? | 9 | 12 |
243 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 4 | The bond market got an early boost from the opening - hour sell - off in stocks . | sell - off in stocks | How did this boost if they are selling off? | 12 | 17 |
244 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 5 | That rout was triggered by UAL Corp . ' s announcement late Monday that the proposed management - labor buy - out had collapsed . | management - labor buy - out had collapsed | Why did the buy out collapse? | 16 | 24 |
245 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 5 | That rout was triggered by UAL Corp . ' s announcement late Monday that the proposed management - labor buy - out had collapsed . | UAL Corp | who are they? | 5 | 7 |
246 | 170 | 1 The stock market's woes spooked currency traders but prompted a quiet little party among bond investors.
2 Prices of long-term Treasury bonds moved inversely to the stock market as investors sought safety amid growing evidence the economy is weakening.
3 But the shaky economic outlook and the volatile stock market forced the dollar lower against major currencies.
4 The bond market got an early boost from the opening-hour sell-off in stocks.
5 That rout was triggered by UAL Corp. 's announcement late Monday that the proposed management-labor buy-out had collapsed.
6 The 80-point decline in the Dow Jones Industrial Average during the morning trading session touched off a flight to safety that saw investors shifting assets from stocks to Treasury bonds.
7 At its strongest, the Treasury's benchmark 30-year bond rose more than a point, or more than $10 for each $1,000 face amount.
8 As the stock market recovered some of its losses later in the day, bond prices retreated.
9 But analysts said the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped prop up the Treasury market.
10 A slowing economy and the implication of lower inflation and interest rates tend to bolster bond prices.
11 On the surface, the decline in September durable goods -- only 0.1% -- didn't appear very weak.
12 But orders for non-defense capital goods, a precursor of future plant and equipment spending, were off 5.6% after falling 10.3% in August.
13 Auto makers reported that mid-October sales were running at an annual rate of about 5.8 million units, far less than the 6.6 million units analysts had expected.
14 Taken together, the auto-sales and durable-goods reports confirmed perceptions that the economy is bogging down.
15 Although analysts don't expect the Federal Reserve to ease credit policy soon, reports like those yesterday help build the case for lower rates.
16 Now bond investors are looking toward next week's report from national purchasing managers and the government's October employment report as potentially prompting the Fed to lower rates.
17 The stock market's precipitous drop frightened foreign investors, who quickly bid the dollar lower.
18 But as stock prices recovered some of the early losses, so did the U.S. currency.
19 Although dealers said investors are becoming more bearish toward the dollar in the wake of the stock market's recent troubles and as the U.S. economy weakens, the dollar ended down only modestly.
20 In major market activity:
21 Bond prices rose.
22 The Treasury's benchmark 30-year bond gained nearly half a point, or about $5 for each $1,000 face amount.
23 The yield on the issue slipped to 7.89%.
24 The dollar retreated.
25 In late New York trading the currency was quoted at 1.8355 marks and 141.45 yen, compared with 1.8470 marks and 141.90 yen Monday.
| 5 | That rout was triggered by UAL Corp . ' s announcement late Monday that the proposed management - labor buy - out had collapsed . | proposed management - labor buy - out | What does the buy-out entail? | 15 | 22 |
247 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 1 | " The Famous Teddy Z , " which CBS Inc . had hoped would emerge as one of the few bright spots in its otherwise lackluster prime - time schedule , isn ' t turning out to be the hit the network envisaged . | prime - time schedule , | When is \"prime-time schedule\" ? | 26 | 31 |
248 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 1 | " The Famous Teddy Z , " which CBS Inc . had hoped would emerge as one of the few bright spots in its otherwise lackluster prime - time schedule , isn ' t turning out to be the hit the network envisaged . | Teddy Z , " | who is he? | 3 | 7 |
249 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 1 | " The Famous Teddy Z , " which CBS Inc . had hoped would emerge as one of the few bright spots in its otherwise lackluster prime - time schedule , isn ' t turning out to be the hit the network envisaged . | isn ' t turning out to be the hit | Why isn't The Famous Teddy Z a hit? | 31 | 40 |
250 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 2 | Although the half - hour situation comedy seen Mondays at 9 : 30 p . m . Eastern and Pacific time isn ' t a candidate for cancellation , it is slated for fine - tuning and by next week the network may announce " Teddy Z " is moving to 8 : 30 p . m . from its 9 : 30 time slot , replacing " The People Next Door , " which became the first network show to be canceled this season . | canceled | Why was \"The People Next Door\" cancelled? | 82 | 83 |
251 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 2 | Although the half - hour situation comedy seen Mondays at 9 : 30 p . m . Eastern and Pacific time isn ' t a candidate for cancellation , it is slated for fine - tuning and by next week the network may announce " Teddy Z " is moving to 8 : 30 p . m . from its 9 : 30 time slot , replacing " The People Next Door , " which became the first network show to be canceled this season . | " The People Next Door , " | why was it cancelled? | 67 | 74 |
252 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 2 | Although the half - hour situation comedy seen Mondays at 9 : 30 p . m . Eastern and Pacific time isn ' t a candidate for cancellation , it is slated for fine - tuning and by next week the network may announce " Teddy Z " is moving to 8 : 30 p . m . from its 9 : 30 time slot , replacing " The People Next Door , " which became the first network show to be canceled this season . | time isn ' t a candidate for cancellation , | Why isn't The Famous Teddy Z a candidate for cancellation? | 20 | 29 |
253 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 3 | " Teddy Z , " which centers on a mailroom clerk - turned agent at a Hollywood talent agency , was scheduled in the coveted 9 : 30 p . m . slot to follow " Murphy Brown , " a situation comedy about a television news magazine , starring Candice Bergen . " Teddy Z " was boosted by favorable reviews and a network - wide promotional tie - in contest with K mart Corp . | favorable | Who wrote these \"favorable reviews\" ? | 60 | 61 |
254 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 3 | " Teddy Z , " which centers on a mailroom clerk - turned agent at a Hollywood talent agency , was scheduled in the coveted 9 : 30 p . m . slot to follow " Murphy Brown , " a situation comedy about a television news magazine , starring Candice Bergen . " Teddy Z " was boosted by favorable reviews and a network - wide promotional tie - in contest with K mart Corp . | K mart Corp | k mart the store? | 73 | 76 |
255 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 4 | It was promoted on cable services , including MTV , Nick at Night and VH - 1 , and premiered as the No . 22 - rated show for the week . | week | What week was this? | 30 | 31 |
256 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 5 | But five weeks after the premiere , the series has floundered . | five weeks after the premiere , | When was this? What month? What events were happening at this time that could have led to this? | 1 | 7 |
257 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 5 | But five weeks after the premiere , the series has floundered . | floundered | why did it flounder? | 10 | 11 |
258 | 171 | 1 'The Famous Teddy Z,' which CBS Inc. had hoped would emerge as one of the few bright spots in its otherwise lackluster prime-time schedule, isn't turning out to be the hit the network envisaged.
2 Although the half-hour situation comedy seen Mondays at 9:30 p.m. Eastern and Pacific time isn't a candidate for cancellation, it is slated for fine-tuning and by next week the network may announce 'Teddy Z' is moving to 8:30 p.m. from its 9:30 time slot, replacing 'The People Next Door,' which became the first network show to be canceled this season.
3 'Teddy Z,' which centers on a mailroom clerk-turned agent at a Hollywood talent agency, was scheduled in the coveted 9:30 p.m. slot to follow 'Murphy Brown,' a situation comedy about a television news magazine, starring Candice Bergen. 'Teddy Z' was boosted by favorable reviews and a network-wide promotional tie-in contest with K mart Corp.
4 It was promoted on cable services, including MTV, Nick at Night and VH-1, and premiered as the No. 22-rated show for the week.
5 But five weeks after the premiere, the series has floundered.
6 In figures released yesterday by A.C. Nielsen Co. 'Teddy Z,' produced by the television unit of Columbia Pictures Entertainment Inc., was in 37th place.
7 Worse, every week it suffers audience drop-off from 'Murphy Brown' and viewership on CBS picks up again once 'Teddy Z' is over and is followed by 'Designing Women.'
8 'There is strong indication that `Teddy Z' is not compatible with the shows it is surrounding,' said John Sisk, senior vice president at J. Walter Thompson Co., a unit of WPP Group PLC.
9 Last week, 'Murphy Brown' was viewed by 14.1% of the available television households, while the number dropped to 12.6% for 'Teddy Z' and rose to 14.2% for 'Designing Women.'
10 CBS executives said the program is also slated to undergo some plot changes.
11 Creator Hugh Wilson, for example, included the lead character's Greek family in the cast, 'but that is not the right focus anymore,' said one CBS executive.
12 Instead, CBS hopes the show will increasingly highlight the talent agency and the business of being an agent.
13 'We're making adjustments on the show, yes, but nothing radical,' said Craig Nelson, the story consultant on 'Teddy Z.' 'But we hope to keep a balance between the office and the family.' The opening credits are being redone, Mr. Nelson said, 'to make Teddy's situation clear to viewers who have not been with us since the beginning.
14 Those viewers find the show confusing.'
| 5 | But five weeks after the premiere , the series has floundered . | the series has floundered | Why has the series floundered? | 7 | 11 |
259 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 1 | The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a " monster . " Needless to say , he was talking about RICO . | gain control | Why does the Justice Department want to gain control over RICO? | 10 | 12 |
260 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 1 | The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a " monster . " Needless to say , he was talking about RICO . | " monster | why is it a monster? | 23 | 25 |
261 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 1 | The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a " monster . " Needless to say , he was talking about RICO . | RICO | What is RICO? | 35 | 36 |
262 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 2 | With its recently revised guidelines for RICO , Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors . | incentives | What are the incentives for abuse of the law? | 19 | 20 |
263 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 2 | With its recently revised guidelines for RICO , Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors . | incentives | What are some of these incentives? | 19 | 20 |
264 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 3 | The text of the " new policy " guidelines from the Criminal Division are reprinted nearby . | " new policy " guidelines | What are the \"new policy\" guidelines? | 4 | 9 |
265 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 3 | The text of the " new policy " guidelines from the Criminal Division are reprinted nearby . | reprinted nearby | why do they need to be reprinted? | 14 | 16 |
266 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 3 | The text of the " new policy " guidelines from the Criminal Division are reprinted nearby . | guidelines | What are these guidelines? | 8 | 9 |
267 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 4 | They strongly suggest that Justice ' s prosecutions of Drexel Burnham Lambert , Michael Milken and Princeton / Newport violated notions of fundamental fairness . | fairness | How did the prosecutions violate fundamental fairness? | 23 | 24 |
268 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 4 | They strongly suggest that Justice ' s prosecutions of Drexel Burnham Lambert , Michael Milken and Princeton / Newport violated notions of fundamental fairness . | fairness | What was unfair about these prosecutions? | 23 | 24 |
269 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 5 | Justice is attempting to avoid a replay of these tactics . | replay | What tactics is Justice trying to avoid a replay of? | 6 | 7 |
270 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 5 | Justice is attempting to avoid a replay of these tactics . | avoid a replay | will they succeed? | 4 | 7 |
271 | 172 | 1 The Justice Department is in the process of trying to gain control over a law that federal Judge David Sentelle recently called a 'monster.' Needless to say, he was talking about RICO.
2 With its recently revised guidelines for RICO, Justice makes it clear that the law currently holds too many incentives for abuse by prosecutors.
3 The text of the 'new policy' guidelines from the Criminal Division are reprinted nearby.
4 They strongly suggest that Justice's prosecutions of Drexel Burnham Lambert, Michael Milken and Princeton/Newport violated notions of fundamental fairness.
5 Justice is attempting to avoid a replay of these tactics.
6 This amounts to an extraordinary repudiation of the tenure of New York mayoral candidate and former U.S. Attorney Rudolph Giuliani, who was more inclined to gathering scalps than understanding markets.
7 The new guidelines limit the pretrial forfeitures of assets of RICOed defendants and their investors, clients, bankers and others.
8 This follows earlier new guidelines from the Tax Division prohibiting Princeton/Newport-like tax cases from masquerading as RICO cases.
9 The forfeiture memo cited 'considerable criticism in the press, because of a perception that pre-trial freezing of assets is tantamount to a seizure of property without due process.' It told prosecutors not to seek forfeitures if there are 'less intrusive' alternatives, such as bonds, and in any case not to seek forfeitures 'disproportionate to the defendant's crime.'
10 These changes come a tad late for Princeton/Newport, the first RICOed securities firm.
11 It was forced into liquidation before trial when investors yanked their funds after the government demanded a huge pre-trial asset forfeiture.
12 Princeton/Newport investors, including McKinsey & Co. and the Harvard endowment, made the rational decision to withdraw their money; for the firm, the liquidation was sentence first, verdict later.
13 Prosecutors wanted $23.8 million in forfeiture for alleged tax fraud of some $400,000.
14 The experience of Princeton/Newport and initiation of other RICO-forfeiture cases against legitimate businesses taught Drexel that a RICOed investment bank would be an ex-investment bank.
15 Drexel therefore agreed instead to an arrangement allowing it to plea to charges 'which the company is not in a position to dispute' because of RICO. Part of Drexel's plea was to cut Mr. Milken loose.
16 So after all the prosecutorial hoopla no one has established what, if anything, Drexel did wrong.
17 So two cheers for the new rules.
18 Justice has finally recognized its employees' abuses, thanks largely to the demands for reform by former U.S. attorney in Washington Joseph diGenova, who wants to salvage RICO for real criminals.
19 But prosecutorial guidelines are effective only if someone at Justice is willing and able to supervise hyperactive prosecutors.
20 Judge Sentelle, of the appeals court in Washington, made this point at a Cato Institute conference last week in a remarkable speech titled, 'RICO: The Monster That Ate Jurisprudence.' He said ours is supposed to be 'a government of laws not of men,' and yet RICO defenders 'tell us that we should rely on prosecutorial discretion to protect against overbreadth of RICO.' No prosecutorial guidelines, observed or unobserved, limit civil RICO cases by plaintiffs for damages.
21 What now for Princeton/Newport officials, Drexel and Mr. Milken?
22 Justice should review these cases to see what other prosecutorial abuses may have occurred.
23 We suspect that Justice will some day agree that only the complete repeal of RICO can guarantee an end to injustices in its name.
| 5 | Justice is attempting to avoid a replay of these tactics . | tactics | What kind of tactics were used? | 9 | 10 |
272 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 1 | The House approved a short - term spending bill to keep the government operating through Nov . 15 and provide $ 2 . 85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake . | short - term | What does it mean for this bill to be short term? | 4 | 7 |
273 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 1 | The House approved a short - term spending bill to keep the government operating through Nov . 15 and provide $ 2 . 85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake . | the government | Which government is this? The broader U.S. government, or the government of specific states? | 11 | 13 |
274 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 1 | The House approved a short - term spending bill to keep the government operating through Nov . 15 and provide $ 2 . 85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake . | approved | How many voted for the bill and how many voted against? | 2 | 3 |
275 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 1 | The House approved a short - term spending bill to keep the government operating through Nov . 15 and provide $ 2 . 85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake . | Hurricane Hugo | which year was this? | 34 | 36 |
276 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 1 | The House approved a short - term spending bill to keep the government operating through Nov . 15 and provide $ 2 . 85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake . | Nov . 15 | What happens on November 15? | 15 | 18 |
277 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 2 | The 321 - 99 roll call vote reflected broad support for the disaster assistance , but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm - Rudman deficit reduction law . | Gramm - Rudman deficit reduction law | What is this deficit reduction law? | 33 | 39 |
278 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 2 | The 321 - 99 roll call vote reflected broad support for the disaster assistance , but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm - Rudman deficit reduction law . | Gramm - Rudman deficit reduction law | What are the stipulations of this law? | 33 | 39 |
279 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 2 | The 321 - 99 roll call vote reflected broad support for the disaster assistance , but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm - Rudman deficit reduction law . | 321 - 99 | Who were the 99 who voted against disaster assistance? | 1 | 4 |
280 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 2 | The 321 - 99 roll call vote reflected broad support for the disaster assistance , but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm - Rudman deficit reduction law . | Gramm - Rudman deficit reduction law | What is the Gramm-Rudman deficit reduction law? | 33 | 39 |
281 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 3 | By a lopsided 401 - 18 margin , the chamber rejected an effort to waive Gramm - Rudman for purposes of addressing the two disasters , and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $ 1 . 44 billion unless offsetting spending cuts or new revenues are found by Congress . | fiscal 1990 | What is the fiscal 1990 deficit? Is this referring to the year, or to a code? | 36 | 38 |
282 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 3 | By a lopsided 401 - 18 margin , the chamber rejected an effort to waive Gramm - Rudman for purposes of addressing the two disasters , and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $ 1 . 44 billion unless offsetting spending cuts or new revenues are found by Congress . | offsetting | What would offsetting cuts look like in practice? | 48 | 49 |
283 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 3 | By a lopsided 401 - 18 margin , the chamber rejected an effort to waive Gramm - Rudman for purposes of addressing the two disasters , and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $ 1 . 44 billion unless offsetting spending cuts or new revenues are found by Congress . | widen the fiscal 1990 deficit | What was the existing deficit before this bill passed? | 34 | 39 |
284 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 3 | By a lopsided 401 - 18 margin , the chamber rejected an effort to waive Gramm - Rudman for purposes of addressing the two disasters , and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $ 1 . 44 billion unless offsetting spending cuts or new revenues are found by Congress . | 401 - 18 margin , | why wasnt it unanimous? | 3 | 8 |
285 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 3 | By a lopsided 401 - 18 margin , the chamber rejected an effort to waive Gramm - Rudman for purposes of addressing the two disasters , and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $ 1 . 44 billion unless offsetting spending cuts or new revenues are found by Congress . | waive | Why would the chamber not want to waive Gramm-Rudman? | 14 | 15 |
286 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 4 | The budget impact will be greater still in fiscal 1991 , and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta , whose California district was at the center of the earthquake last week . | confrontation | How did this confrontation happen? | 16 | 17 |
287 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 4 | The budget impact will be greater still in fiscal 1991 , and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta , whose California district was at the center of the earthquake last week . | confrontation | What type of confrontation was there? | 16 | 17 |
288 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 4 | The budget impact will be greater still in fiscal 1991 , and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta , whose California district was at the center of the earthquake last week . | Leon Panetta , whose | what are her credentials? | 26 | 30 |
289 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 4 | The budget impact will be greater still in fiscal 1991 , and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta , whose California district was at the center of the earthquake last week . | confrontation | Why was there a confrontation? | 16 | 17 |
290 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 5 | Going to the well of the chamber , Mr . Panetta demanded the costs be fully counted . | well | What is a well of a chamber? | 3 | 4 |
291 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 5 | Going to the well of the chamber , Mr . Panetta demanded the costs be fully counted . | well of the chamber , | What is the well of the chamber? | 3 | 8 |
292 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 5 | Going to the well of the chamber , Mr . Panetta demanded the costs be fully counted . | demanded | does he have the authority to do that? | 11 | 12 |
293 | 173 | 1 The House approved a short-term spending bill to keep the government operating through Nov. 15 and provide $2.85 billion in emergency funds to assist in the recovery from Hurricane Hugo and the California earthquake.
2 The 321-99 roll call vote reflected broad support for the disaster assistance, but the cost to the Treasury is sure to aggravate budget pressures this year and next under the Gramm-Rudman deficit reduction law.
3 By a lopsided 401-18 margin, the chamber rejected an effort to waive Gramm-Rudman for purposes of addressing the two disasters, and budget analysts estimate the increased appropriations will widen the fiscal 1990 deficit by at least $1.44 billion unless offsetting spending cuts or new revenues are found by Congress.
4 The budget impact will be greater still in fiscal 1991, and the issue forced a confrontation between the Appropriations Committee leadership and Budget Committee Chairman Leon Panetta, whose California district was at the center of the earthquake last week.
5 Going to the well of the chamber, Mr. Panetta demanded the costs be fully counted.
6 His prominent role put him in the awkward position of challenging the very committee members on whom his state will be most dependent in the months ahead.
7 'We do not come to this House asking for any handout,' said the California Democrat. 'We do not intend to hide these costs from the American people.'
8 The $2.85 billion package incorporates $500 million for low-interest disaster loans, $1 billion in highway construction funds, and $1.35 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.
9 The funds are in addition to $1.1 billion appropriated last month to assist in the recovery from Hugo, bringing the total for the two disasters to nearly $4 billion in unanticipated spending.
10 Because of the vagaries of Gramm-Rudman, the immediate impact is relatively small.
11 But the appropriations set in motion spending that adds to an already grim budget picture for fiscal 1991.
12 Within the appropriations process, the situation is even more difficult since the costs will be counted against the share of funds to be allocated to those subcommittees that recently have had the greatest difficulty in staying within the budget.
13 The underlying bill approved yesterday is required to keep the government operating past midnight tonight, and this urgency has contributed to the speed -- and, critics say, mistakes -- that have accompanied the package of disaster assistance.
14 The hastily drafted measure could hurt California by requiring it to put up more matching funds for emergency highway assistance than otherwise would be required.
15 And the state's delegation is fearful that the new funding will be counted against a separate $185 million in federal highway funds it would expect to receive under its normal allocation this year.
16 Also, the high price of San Francisco real estate puts the state at odds with federal regulations more attuned to the national average.
17 For example, disaster loans, which will go to small businesses and homeowners, offer credit as low as 4% in some cases.
18 But the San Francisco delegation finds itself asking that the cap per household be lifted to $500,000 from $100,000 to assist the hard hit but often wealthy Marina district.
19 The Senate is expected to make some modifications today, but both the White House and Congress appear most anxious to speed final approval before tonight's deadline.
20 Administration pressure discourages any effort to add to total funding, and the Senate changes are expected to be largely technical -- dealing with highway aid and lifting the ceiling on total Small Business Administration loans to $1.8 billion to accommodate the increased activity expected.
21 Yesterday's floor action came as a House-Senate conference approved a nearly $8.5 billion fiscal 1990 military construction bill, representing a 5% reduction from last year and making severe cuts from Pentagon requests for installations abroad.
22 An estimated $25.8 million is allocated to continue work in Oman.
23 But all funding is cut for the Philippines, and projects in South Korea are cut to $13.6 million, or less than a sixth of the administration's request.
24 Closer to home, the negotiators were more generous.
25 An estimated $38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner, the House chairman.
26 And $70.2 million would go to projects in Tennessee represented by his Senate counterpart and fellow Democrat, Sen. James Sasser.
27 Texas and California are traditionally powerful within the conference, but equally striking is the dominance of Alaska, Pennsylvania and West Virginia because of their power elsewhere in the appropriations process.
28 Senate Appropriations Committee Chairman Robert Byrd (D., W.Va.) even added report language listing $49.4 million in projects he wants in the budget next year.
29 No individual illustrated this mix of power more yesterday than Sen. Daniel Inouye (D., Hawaii), who chairs the Senate defense subcommittee.
30 In the final trading, the House was insistent on setting aside $500 million to carry out base closings ordered to begin in fiscal 1990.
31 But it gave ground to Mr. Inouye on a number of projects, ranging from a $11 million parking garage here, to a land transfer in Hawaii, to a provision to assist the Makwah Indian Tribe in Washington state.
32 The tribe is one of the poorest in the Pacific Northwest.
33 Mr. Inouye, who chairs the select committee on Indian Affairs, used his power to move $400,000 from the Air Force to the Bureau of Indian Affairs to assist in renovating a decommissoned base to accommodate a drug and alcohol rehabilitation center.
34 Meanwhile, House-Senate negotiators have tentatively agreed on a $3.18 billion anti-drug and anti-crime intitiative, cutting other federal spending 0.43% to pay for it.
35 A formal House-Senate conference is expected to ratify the accord later this week.
| 5 | Going to the well of the chamber , Mr . Panetta demanded the costs be fully counted . | costs | What costs does Mr. Panetta want counted? | 13 | 14 |
294 | 174 | 1 Northeast Utilities raised its bid for Public Service Co. of New Hampshire, which is operating under Bankruptcy Code protection, to $2.25 billion from $1.85 billion.
2 Northeast's raised bid, which was supported by PS of New Hampshire's official shareholder committee, is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company, the largest utility in New Hampshire.
3 The $2.25 billion value claimed by Northeast, based in Hartford, Conn., is the highest yet given to a bid.
4 Some of the three other bidding groups are expected to increase their offers tomorrow, a date set for revised offers by a bankruptcy court judge.
5 A hearing is set for Nov. 15, but participants don't expect a resolution until July 1990.
6 Under the new Northeast Utilities plan, it would pay $1.65 billion in cash to creditors and assume $100 million in pollution control bonds.
7 Secured creditors would recover both principal and interest, while unsecured creditors would receive only principal and interest accrued before PS of New Hampshire filed for Bankruptcy Code protection in January
8 The biggest change in Northeast's offer was in improvements made for equity holders who had been given short shrift previously.
9 Assuming full operation of the Seabrook nuclear power plant, which is completed but isn't yet operating, equity holders would receive up to $500 million in cash, preferred stock and new 10-year Seabrook bonds.
10 Northeast's previous offer had proposed that equity holders receive just $165 million.
11 In addition, Northeast promised the State of New Hampshire that rate increases would be limited to 5.5% annually for seven years.
12 Its previous proposal had conditioned rate limits on Seabrook operations and other contingencies.
13 Wilbur Ross, financial adviser to the equity holders said, 'Given the state's strong bargaining position . . . we believe the NU plan provides the best recovery available' to PS of New Hampshire's equity holders.
14 Officials of PS of New Hampshire couldn't be reached for comment.
15 The company has filed an internal reorganization plan it valued at $2.2 billion that would require 5.5% rate increases.
16 That plan would leave existing preferred shareholders with at least a 41% stake and give common shareholders as little as 13%.
17 New England Electric System, Westborough, Mass., has proposed buying the company for $2 billion as part of a plan that would require rate increases of only 4.8% annually for seven years.
18 The state of New Hampshire has favored that plan.
19 The other bidder is United Illuminating Co., New Haven, Conn., with a bid valued at $2.2 billion and and a proposal for seven years of 5.5% rate increases.
| 1 | Northeast Utilities raised its bid for Public Service Co . of New Hampshire , which is operating under Bankruptcy Code protection , to $ 2 . 25 billion from $ 1 . 85 billion . | is operating under Bankruptcy Code | How does Bankruptcy Code work? | 15 | 20 |
295 | 174 | 1 Northeast Utilities raised its bid for Public Service Co. of New Hampshire, which is operating under Bankruptcy Code protection, to $2.25 billion from $1.85 billion.
2 Northeast's raised bid, which was supported by PS of New Hampshire's official shareholder committee, is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company, the largest utility in New Hampshire.
3 The $2.25 billion value claimed by Northeast, based in Hartford, Conn., is the highest yet given to a bid.
4 Some of the three other bidding groups are expected to increase their offers tomorrow, a date set for revised offers by a bankruptcy court judge.
5 A hearing is set for Nov. 15, but participants don't expect a resolution until July 1990.
6 Under the new Northeast Utilities plan, it would pay $1.65 billion in cash to creditors and assume $100 million in pollution control bonds.
7 Secured creditors would recover both principal and interest, while unsecured creditors would receive only principal and interest accrued before PS of New Hampshire filed for Bankruptcy Code protection in January
8 The biggest change in Northeast's offer was in improvements made for equity holders who had been given short shrift previously.
9 Assuming full operation of the Seabrook nuclear power plant, which is completed but isn't yet operating, equity holders would receive up to $500 million in cash, preferred stock and new 10-year Seabrook bonds.
10 Northeast's previous offer had proposed that equity holders receive just $165 million.
11 In addition, Northeast promised the State of New Hampshire that rate increases would be limited to 5.5% annually for seven years.
12 Its previous proposal had conditioned rate limits on Seabrook operations and other contingencies.
13 Wilbur Ross, financial adviser to the equity holders said, 'Given the state's strong bargaining position . . . we believe the NU plan provides the best recovery available' to PS of New Hampshire's equity holders.
14 Officials of PS of New Hampshire couldn't be reached for comment.
15 The company has filed an internal reorganization plan it valued at $2.2 billion that would require 5.5% rate increases.
16 That plan would leave existing preferred shareholders with at least a 41% stake and give common shareholders as little as 13%.
17 New England Electric System, Westborough, Mass., has proposed buying the company for $2 billion as part of a plan that would require rate increases of only 4.8% annually for seven years.
18 The state of New Hampshire has favored that plan.
19 The other bidder is United Illuminating Co., New Haven, Conn., with a bid valued at $2.2 billion and and a proposal for seven years of 5.5% rate increases.
| 1 | Northeast Utilities raised its bid for Public Service Co . of New Hampshire , which is operating under Bankruptcy Code protection , to $ 2 . 25 billion from $ 1 . 85 billion . | Bankruptcy Code protection , | What does this protect against specifically, and is it a federal program or a state one? | 18 | 22 |
296 | 174 | 1 Northeast Utilities raised its bid for Public Service Co. of New Hampshire, which is operating under Bankruptcy Code protection, to $2.25 billion from $1.85 billion.
2 Northeast's raised bid, which was supported by PS of New Hampshire's official shareholder committee, is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company, the largest utility in New Hampshire.
3 The $2.25 billion value claimed by Northeast, based in Hartford, Conn., is the highest yet given to a bid.
4 Some of the three other bidding groups are expected to increase their offers tomorrow, a date set for revised offers by a bankruptcy court judge.
5 A hearing is set for Nov. 15, but participants don't expect a resolution until July 1990.
6 Under the new Northeast Utilities plan, it would pay $1.65 billion in cash to creditors and assume $100 million in pollution control bonds.
7 Secured creditors would recover both principal and interest, while unsecured creditors would receive only principal and interest accrued before PS of New Hampshire filed for Bankruptcy Code protection in January
8 The biggest change in Northeast's offer was in improvements made for equity holders who had been given short shrift previously.
9 Assuming full operation of the Seabrook nuclear power plant, which is completed but isn't yet operating, equity holders would receive up to $500 million in cash, preferred stock and new 10-year Seabrook bonds.
10 Northeast's previous offer had proposed that equity holders receive just $165 million.
11 In addition, Northeast promised the State of New Hampshire that rate increases would be limited to 5.5% annually for seven years.
12 Its previous proposal had conditioned rate limits on Seabrook operations and other contingencies.
13 Wilbur Ross, financial adviser to the equity holders said, 'Given the state's strong bargaining position . . . we believe the NU plan provides the best recovery available' to PS of New Hampshire's equity holders.
14 Officials of PS of New Hampshire couldn't be reached for comment.
15 The company has filed an internal reorganization plan it valued at $2.2 billion that would require 5.5% rate increases.
16 That plan would leave existing preferred shareholders with at least a 41% stake and give common shareholders as little as 13%.
17 New England Electric System, Westborough, Mass., has proposed buying the company for $2 billion as part of a plan that would require rate increases of only 4.8% annually for seven years.
18 The state of New Hampshire has favored that plan.
19 The other bidder is United Illuminating Co., New Haven, Conn., with a bid valued at $2.2 billion and and a proposal for seven years of 5.5% rate increases.
| 1 | Northeast Utilities raised its bid for Public Service Co . of New Hampshire , which is operating under Bankruptcy Code protection , to $ 2 . 25 billion from $ 1 . 85 billion . | Bankruptcy Code protection , | Where does the money for the Bankruptcy Code protection come from? | 18 | 22 |
297 | 174 | 1 Northeast Utilities raised its bid for Public Service Co. of New Hampshire, which is operating under Bankruptcy Code protection, to $2.25 billion from $1.85 billion.
2 Northeast's raised bid, which was supported by PS of New Hampshire's official shareholder committee, is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company, the largest utility in New Hampshire.
3 The $2.25 billion value claimed by Northeast, based in Hartford, Conn., is the highest yet given to a bid.
4 Some of the three other bidding groups are expected to increase their offers tomorrow, a date set for revised offers by a bankruptcy court judge.
5 A hearing is set for Nov. 15, but participants don't expect a resolution until July 1990.
6 Under the new Northeast Utilities plan, it would pay $1.65 billion in cash to creditors and assume $100 million in pollution control bonds.
7 Secured creditors would recover both principal and interest, while unsecured creditors would receive only principal and interest accrued before PS of New Hampshire filed for Bankruptcy Code protection in January
8 The biggest change in Northeast's offer was in improvements made for equity holders who had been given short shrift previously.
9 Assuming full operation of the Seabrook nuclear power plant, which is completed but isn't yet operating, equity holders would receive up to $500 million in cash, preferred stock and new 10-year Seabrook bonds.
10 Northeast's previous offer had proposed that equity holders receive just $165 million.
11 In addition, Northeast promised the State of New Hampshire that rate increases would be limited to 5.5% annually for seven years.
12 Its previous proposal had conditioned rate limits on Seabrook operations and other contingencies.
13 Wilbur Ross, financial adviser to the equity holders said, 'Given the state's strong bargaining position . . . we believe the NU plan provides the best recovery available' to PS of New Hampshire's equity holders.
14 Officials of PS of New Hampshire couldn't be reached for comment.
15 The company has filed an internal reorganization plan it valued at $2.2 billion that would require 5.5% rate increases.
16 That plan would leave existing preferred shareholders with at least a 41% stake and give common shareholders as little as 13%.
17 New England Electric System, Westborough, Mass., has proposed buying the company for $2 billion as part of a plan that would require rate increases of only 4.8% annually for seven years.
18 The state of New Hampshire has favored that plan.
19 The other bidder is United Illuminating Co., New Haven, Conn., with a bid valued at $2.2 billion and and a proposal for seven years of 5.5% rate increases.
| 2 | Northeast ' s raised bid , which was supported by PS of New Hampshire ' s official shareholder committee , is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company , the largest utility in New Hampshire . | supported by PS of New Hampshire ' s | Why did PS support the bid? | 8 | 16 |
298 | 174 | 1 Northeast Utilities raised its bid for Public Service Co. of New Hampshire, which is operating under Bankruptcy Code protection, to $2.25 billion from $1.85 billion.
2 Northeast's raised bid, which was supported by PS of New Hampshire's official shareholder committee, is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company, the largest utility in New Hampshire.
3 The $2.25 billion value claimed by Northeast, based in Hartford, Conn., is the highest yet given to a bid.
4 Some of the three other bidding groups are expected to increase their offers tomorrow, a date set for revised offers by a bankruptcy court judge.
5 A hearing is set for Nov. 15, but participants don't expect a resolution until July 1990.
6 Under the new Northeast Utilities plan, it would pay $1.65 billion in cash to creditors and assume $100 million in pollution control bonds.
7 Secured creditors would recover both principal and interest, while unsecured creditors would receive only principal and interest accrued before PS of New Hampshire filed for Bankruptcy Code protection in January
8 The biggest change in Northeast's offer was in improvements made for equity holders who had been given short shrift previously.
9 Assuming full operation of the Seabrook nuclear power plant, which is completed but isn't yet operating, equity holders would receive up to $500 million in cash, preferred stock and new 10-year Seabrook bonds.
10 Northeast's previous offer had proposed that equity holders receive just $165 million.
11 In addition, Northeast promised the State of New Hampshire that rate increases would be limited to 5.5% annually for seven years.
12 Its previous proposal had conditioned rate limits on Seabrook operations and other contingencies.
13 Wilbur Ross, financial adviser to the equity holders said, 'Given the state's strong bargaining position . . . we believe the NU plan provides the best recovery available' to PS of New Hampshire's equity holders.
14 Officials of PS of New Hampshire couldn't be reached for comment.
15 The company has filed an internal reorganization plan it valued at $2.2 billion that would require 5.5% rate increases.
16 That plan would leave existing preferred shareholders with at least a 41% stake and give common shareholders as little as 13%.
17 New England Electric System, Westborough, Mass., has proposed buying the company for $2 billion as part of a plan that would require rate increases of only 4.8% annually for seven years.
18 The state of New Hampshire has favored that plan.
19 The other bidder is United Illuminating Co., New Haven, Conn., with a bid valued at $2.2 billion and and a proposal for seven years of 5.5% rate increases.
| 2 | Northeast ' s raised bid , which was supported by PS of New Hampshire ' s official shareholder committee , is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company , the largest utility in New Hampshire . | largest utility in New Hampshire | What does the company do- electric, water, gas, etc.? | 45 | 50 |
299 | 174 | 1 Northeast Utilities raised its bid for Public Service Co. of New Hampshire, which is operating under Bankruptcy Code protection, to $2.25 billion from $1.85 billion.
2 Northeast's raised bid, which was supported by PS of New Hampshire's official shareholder committee, is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company, the largest utility in New Hampshire.
3 The $2.25 billion value claimed by Northeast, based in Hartford, Conn., is the highest yet given to a bid.
4 Some of the three other bidding groups are expected to increase their offers tomorrow, a date set for revised offers by a bankruptcy court judge.
5 A hearing is set for Nov. 15, but participants don't expect a resolution until July 1990.
6 Under the new Northeast Utilities plan, it would pay $1.65 billion in cash to creditors and assume $100 million in pollution control bonds.
7 Secured creditors would recover both principal and interest, while unsecured creditors would receive only principal and interest accrued before PS of New Hampshire filed for Bankruptcy Code protection in January
8 The biggest change in Northeast's offer was in improvements made for equity holders who had been given short shrift previously.
9 Assuming full operation of the Seabrook nuclear power plant, which is completed but isn't yet operating, equity holders would receive up to $500 million in cash, preferred stock and new 10-year Seabrook bonds.
10 Northeast's previous offer had proposed that equity holders receive just $165 million.
11 In addition, Northeast promised the State of New Hampshire that rate increases would be limited to 5.5% annually for seven years.
12 Its previous proposal had conditioned rate limits on Seabrook operations and other contingencies.
13 Wilbur Ross, financial adviser to the equity holders said, 'Given the state's strong bargaining position . . . we believe the NU plan provides the best recovery available' to PS of New Hampshire's equity holders.
14 Officials of PS of New Hampshire couldn't be reached for comment.
15 The company has filed an internal reorganization plan it valued at $2.2 billion that would require 5.5% rate increases.
16 That plan would leave existing preferred shareholders with at least a 41% stake and give common shareholders as little as 13%.
17 New England Electric System, Westborough, Mass., has proposed buying the company for $2 billion as part of a plan that would require rate increases of only 4.8% annually for seven years.
18 The state of New Hampshire has favored that plan.
19 The other bidder is United Illuminating Co., New Haven, Conn., with a bid valued at $2.2 billion and and a proposal for seven years of 5.5% rate increases.
| 2 | Northeast ' s raised bid , which was supported by PS of New Hampshire ' s official shareholder committee , is a prelude to what is expected to be a round of higher bids by the other groups trying to acquire the company , the largest utility in New Hampshire . | PS | what is ps? | 10 | 11 |