( S ( NP-SBJ ( NNP Mr. ) ( NNP Courter ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RBR further ) ( VBN hobbled ) ( PP ( IN by ) ( NP ( NP ( DT a ) ( NN record ) ) ( PP ( IN of ) ( NP ( NP ( NNS votes ) ) ( VP ( VBN opposed ) ( PP-CLR ( TO to ) ( NP ( NP ( NN government ) ( NN regulation ) ) ( PP ( IN on ) ( NP ( NP ( NN behalf ) ) ( PP ( IN of ) ( NP ( NNS consumers ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Courter is further hobbled by a record of votes opposed to government regulation on behalf of consumers


( S ( S-ADV ( ADJP-PRD ( NNP Fluent ) ( PP ( IN in ) ( NP ( NNP Spanish ) ) ) ) ( PP ( IN from ) ( NP ( NP ( PRP$ his ) ( NNS days ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Peace ) ( NNP Corps ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Courter ) ) ( ADVP-MNR ( RB actively ) ) ( VP ( VP ( VBZ courts ) ( NP ( NN minority ) ( NNS voters ) ) ) ( CC but ) ( VP ( VBZ seems ) ( ADVP ( RB oddly ) ) ( PP-PRD ( IN over ) ( NP ( PRP$ his ) ( NN head ) ) ) ) ) )

Fluent in Spanish from his days in the Peace Corps Mr. Courter actively courts minority voters but seems oddly over his head


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ warm ) ( CC and ) ( VBN polished ) ) ( PP-LOC ( IN before ) ( NP ( NP ( DT a ) ( NNP Puerto ) ( NNP Rican ) ( NNP Congress ) ) ( PP-LOC ( IN in ) ( NP ( NNP Asbury ) ( NNP Park ) ) ) ) ) ) )

He is warm and polished before a Puerto Rican Congress in Asbury Park


( S ( RB Yet ) ( PP-TMP ( NP ( NNS minutes ) ) ( IN after ) ( S-NOM ( VP ( VBG promising ) ( S ( VP ( TO to ) ( VP ( VB appoint ) ( NP ( NNS Hispanics ) ) ( PP-CLR ( TO to ) ( NP ( NP ( JJ high ) ( NNS posts ) ) ( PP-LOC ( IN in ) ( NP ( NN state ) ( NN government ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ unable ) ( S ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB ever ) ) ( VP ( VBN employed ) ( NP ( DT any ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ his ) ( JJ congressional ) ( NN office ) ) ) ) ) ) ) ) ) ) ) ) )

Yet minutes after promising to appoint Hispanics to high posts in state government he is unable to say whether he has ever employed any in his congressional office


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VB do ) ( ADVP-TMP ( RB now ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

I do n't think we do now he says


( S ( NP-SBJ ( PRP I ) ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBD did ) ) ) ) ) )

I think we did


( S ( S-ADV ( VP ( VBD Asked ) ( NP ( DT the ) ( JJ same ) ( NN question ) ) ( PP-TMP ( IN after ) ( NP ( PRP$ his ) ( NN appearance ) ) ) ) ) ( NP-SBJ-1 ( NNP Democrat ) ( NNP Florio ) ) ( VP ( VP ( VBZ identifies ) ( NP ( DT a ) ( NN staff ) ( NN member ) ) ( PP-MNR ( IN by ) ( NP ( NN name ) ) ) ) ( CC and ) ( VP ( VBZ explains ) ( NP ( NP ( PRP$ her ) ( NN whereabouts ) ) ( NP-TMP ( NN today ) ) ) ) ) )

Asked the same question after his appearance Democrat Florio identifies a staff member by name and explains her whereabouts today


( S ( SBAR-TMP ( WHADVP-2 ( WRB When ) ) ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ is ) ( VP ( VBN presented ) ( PP-CLR ( IN with ) ( NP ( NP ( DT a ) ( NN poster ) ) ( VP ( VBG celebrating ) ( NP ( NP ( DT the ) ( NN organization ) ( POS 's ) ) ( JJ 20th ) ( NN anniversary ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VP ( VBZ recognizes ) ( NP ( NP ( DT a ) ( NN photograph ) ) ( PP ( IN of ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS founders ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ recalls ) ( NP ( NP ( NN time ) ) ( VP ( VBD spent ) ( ADVP-MNR ( RB together ) ) ( PP-LOC ( IN in ) ( NP ( NNP Camden ) ) ) ) ) ) ) )

When he is presented with a poster celebrating the organization 's 20th anniversary he recognizes a photograph of one of the founders and recalls time spent together in Camden


( S ( NP-SBJ ( NNP Details ) ( CC and ) ( NNP Camden ) ) ( VP ( VBP are ) ( NP-PRD ( JJ essential ) ( NNP Florio ) ) ) )

Details and Camden are essential Florio


( S ( S-ADV ( VP ( VBN Elected ) ( PP-CLR ( TO to ) ( NP ( NNP Congress ) ) ) ( PP ( IN as ) ( NP ( DT a ) ( NNP Watergate ) ( NN baby ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1974 ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD ran ) ( PP-CLR ( IN for ) ( NP ( NN governor ) ) ) ( ADVP-TMP ( NP ( CD three ) ( NNS years ) ) ( RB later ) ) ) )

Elected to Congress as a Watergate baby in 1974 he ran for governor three years later


( S ( PP ( IN In ) ( NP ( NP ( DT the ) ( NN opinion ) ) ( PP ( IN of ) ( NP ( JJ many ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBD stopped ) ( S ( VP ( VBG running ) ) ) ( ADVP-TMP ( IN since ) ) ( SBAR-ADV ( RB even ) ( IN though ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD declined ) ( NP ( NP ( DT a ) ( NN rematch ) ) ( PP ( IN with ) ( NP ( NNP Gov. ) ( NNP Kean ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1985 ) ) ) ) ) ) ) ) )

In the opinion of many he has n't stopped running since even though he declined a rematch with Gov. Kean in 1985


( S ( NP-SBJ ( NP ( PRP$ His ) ( NN base ) ) ( PP ( PP ( IN in ) ( NP ( NP ( NNP South ) ( NNP Jersey ) ) ) ) ( CC and ) ( PP ( IN on ) ( NP ( DT the ) ( NNP House ) ( NNP Energy ) ( CC and ) ( NNP Commerce ) ( NNP Committee ) ) ) ) ) ( VP ( VBD helped ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VB sustain ) ( NP ( NP ( DT a ) ( NN network ) ) ( PP ( IN of ) ( NP ( JJ political-action ) ( NNS committees ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB preserve ) ( NP ( PRP$ his ) ( NN edge ) ) ) ) ) ) ) ) ) ) )

His base in South Jersey and on the House Energy and Commerce Committee helped him sustain a network of political-action committees to preserve his edge


( S ( PP ( IN With ) ( NP ( NP ( VBN limited ) ( NNS budgets ) ) ( PP ( IN for ) ( NP ( NN television ) ) ) ( PP ( IN in ) ( NP ( DT a ) ( JJ high-priced ) ( NN market ) ) ) ) ) ( NP-SBJ ( NP ( NP ( NNP Mr. ) ( NNP Florio ) ( POS 's ) ) ( JJR higher ) ( NN recognition ) ) ( PP ( IN than ) ( NP ( PRP$ his ) ( NN rival ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( JJ major ) ( NN advantage ) ) ) )

With limited budgets for television in a high-priced market Mr. Florio 's higher recognition than his rival is a major advantage


( S ( ADVP ( RBR More ) ( PP ( IN than ) ( ADVP-TMP ( RB ever ) ) ) ) ( NP-SBJ ( PRP$ his ) ( ADJP ( NN pro-consumer ) ( CC and ) ( NN pro-environment ) ) ( NN record ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NP ( NN sync ) ) ( PP ( IN with ) ( NP ( DT the ) ( NN state ) ) ) ) ) ) )

More than ever his pro-consumer and pro-environment record is in sync with the state


( S ( NP-SBJ ( NN Auto ) ( NN insurance ) ( NNS rates ) ) ( VP ( VBP are ) ( VP ( VBG soaring ) ) ) )

Auto insurance rates are soaring


( S ( NP-SBJ ( DT A ) ( JJ toxic-waste-dump ) ( NN fire ) ) ( VP ( VBD destroyed ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT an ) ( JJ interstate ) ( NN highway ) ) ) ) ( NP-TMP ( DT this ) ( NN summer ) ) ) )

A toxic-waste-dump fire destroyed part of an interstate highway this summer


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Monmouth ) ) ( NP ( DT an ) ( JJ important ) ( NN swing ) ( NN area ) ) ) ) ( NP-SBJ ( NNP Republican ) ( NNS freeholders ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VB run ) ( PP-MNR ( IN on ) ( NP ( NP ( DT a ) ( NN slogan ) ) ( VP ( VBG promising ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( S ( NP-SBJ ( DT the ) ( NN county ) ) ( ADJP-PRD ( JJ clean ) ( CC and ) ( JJ green ) ) ) ) ) ) ) ) ) ) )

In Monmouth an important swing area Republican freeholders now run on a slogan promising to keep the county clean and green


( S ( S ( NP-SBJ ( NNP Mr. ) ( NNP Florio ) ) ( VP ( NNS savors ) ( NP ( DT this ) ( NN vindication ) ) ) ) ( CC but ) ( S ( PP-LOC ( IN at ) ( NP ( NN age ) ( CD 52 ) ) ) ( NP-SBJ ( DT the ) ( NN congressman ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( NP-PRD ( NP ( DT a ) ( NN product ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NNS times ) ( CC and ) ( NNS losses ) ) ) ) ) ) )

Mr. Florio savors this vindication but at age 52 the congressman is also a product of his times and losses


( S ( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ speaks ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NN death ) ( NN penalty ) ) ) ( SBAR-MNR ( IN as ) ( IN if ) ( S ( VP ( VBG reading ) ( PP-CLR ( IN from ) ( NP ( NNP Exodus ) ( CD 21 ) ) ) ) ) ) ) ) ( S ( S-PRP ( VP ( TO to ) ( VP ( VB increase ) ( NP ( NN state ) ( NN revenue ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ focuses ) ( PP-CLR ( RB not ) ( PP ( IN on ) ( NP ( NNS taxes ) ) ) ( CC but ) ( PP ( IN on ) ( NP ( NP ( NNS audits ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB cut ) ( NP ( NN waste ) ) ) ) ) ) ) ) ) ) ) )

He speaks for the death penalty as if reading from Exodus 21 to increase state revenue he focuses not on taxes but on audits to cut waste


( S ( S ( NP-SBJ ( JJ Hard-hitting ) ( NNS consultants ) ) ( VP ( VBP match ) ( NP ( NNS ads ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NNP Mr. ) ( NNP Courter ) ( POS 's ) ) ( NN team ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Florio ) ) ( VP ( VBZ retools ) ( NP ( PRP himself ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT the ) ( JJ lean ) ( JJ mean ) ( JJ Democratic ) ( NN fighting ) ( NN machine ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD 1990s ) ) ) ) ) ) ) )

Hard-hitting consultants match ads with Mr. Courter 's team and Mr. Florio retools himself as the lean mean Democratic fighting machine of the 1990s


( S ( S-ADV ( VP ( VBG Appealing ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( JJ young ) ( NN audience ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VP ( VBZ scraps ) ( NP ( NP ( DT an ) ( JJ old ) ( NN reference ) ) ( PP ( TO to ) ( NP ( NNP Ozzie ) ( CC and ) ( NNP Harriet ) ) ) ) ) ( CC and ) ( ADVP ( RB instead ) ) ( VP ( VBZ quotes ) ( NP ( DT the ) ( NNP Grateful ) ( NNP Dead ) ) ) ) )

Appealing to a young audience he scraps an old reference to Ozzie and Harriet and instead quotes the Grateful Dead


( S ( NP-SBJ ( NP ( NP ( DT The ) ( NN lyric ) ) ( VP ( VBN chosen ) ) ) ( NP ( JJ long ) ( JJ strange ) ( NN night ) ) ) ( VP ( MD may ) ( VP ( VB be ) ( NP-PRD ( NP ( DT an ) ( JJ apt ) ( NN footnote ) ) ( PP ( TO to ) ( NP ( NP ( NN television ) ( NNS spots ) ) ( PP ( IN by ) ( NP ( DT both ) ( NNS candidates ) ) ) ( VP ( VBN intended ) ( S ( VP ( TO to ) ( VP ( VB portray ) ( NP ( DT each ) ( JJ other ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN liar ) ) ) ) ) ) ) ) ) ) ) ) )

The lyric chosen long strange night may be an apt footnote to television spots by both candidates intended to portray each other as a liar


( S ( S ( NP-SBJ ( DT The ) ( JJ Democratic ) ( NN lawmaker ) ) ( VP ( VBZ fits ) ( NP ( NP ( DT a ) ( NN pattern ) ) ( PP ( IN of ) ( NP ( NP ( JJR younger ) ( NNS reformers ) ) ( S ( VP ( VBG arising ) ( PP-DIR ( IN out ) ( PP ( IN of ) ( NP ( JJ old ) ( NNS machines ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NP ( PRP$ his ) ( NNS ties ) ) ( PP ( TO to ) ( NP ( NNP Camden ) ) ) ) ( VP ( VBP remain ) ( NP-PRD ( DT a ) ( JJ sore ) ( NN point ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( NN county ) ( POS 's ) ) ( NN past ) ( NN corruption ) ) ) ) ) )

The Democratic lawmaker fits a pattern of younger reformers arising out of old machines but his ties to Camden remain a sore point because of the county 's past corruption


( S ( S ( NP-SBJ-1 ( PRP$ His ) ( NN campaign ) ( NN hierarchy ) ) ( VP ( VBZ is ) ( VP ( VBN chosen ) ( PP-CLR ( IN from ) ( NP ( NP ( RB elsewhere ) ) ( PP ( IN in ) ( NP ( DT the ) ( NN state ) ) ) ) ) ) ) ) ( CC and ) ( S ( S-ADV ( VP ( VBN faced ) ( PP-CLR ( IN with ) ( NP ( NP ( NN criticism ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN sweetheart ) ( NN bank ) ( NN investment ) ) ) ) ) ) ) ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB so ) ( RB far ) ) ( VP ( VBN blunted ) ( NP ( DT the ) ( NN issue ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG donating ) ( NP ( NP ( DT the ) ( NN bulk ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NNS profits ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( PRP$ his ) ( JJ alma ) ( NN mater ) ) ( NP ( NNP Trenton ) ( NNP State ) ( NNP College ) ) ) ) ) ) ) ) ) ) )

His campaign hierarchy is chosen from elsewhere in the state and faced with criticism of a sweetheart bank investment he has so far blunted the issue by donating the bulk of his profits to his alma mater Trenton State College


( S ( NP-SBJ ( NP ( NP ( NNP Mr. ) ( NNP Florio ) ( POS 's ) ) ( NN forcefulness ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN abortion ) ( NN issue ) ) ) ( PP-TMP ( IN after ) ( NP ( DT the ) ( NNP Webster ) ( NN ruling ) ) ) ) ( VP ( VBZ divides ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ old ) ( NN constituency ) ) ) ) ) )

Mr. Florio 's forcefulness on the abortion issue after the Webster ruling divides some of his old constituency


( S ( NP-SBJ ( NP ( NNP Pasquale ) ( NNP Pignatelli ) ) ( NP ( NP ( DT an ) ( ADJP ( JJ unlikely ) ( CC but ) ( JJ enthusiastic ) ) ( NN pipe ) ( NN major ) ) ( PP-LOC ( IN in ) ( NP ( DT an ) ( NNP Essex ) ( NNP County ) ( JJ Irish ) ( NN bagpipe ) ( NN band ) ) ) ) ) ( VP ( VBZ speaks ) ( ADVP-MNR ( RB sadly ) ) ( PP-CLR ( IN of ) ( NP ( NNP Mr. ) ( NNP Florio ) ) ) ) )

Pasquale Pignatelli an unlikely but enthusiastic pipe major in an Essex County Irish bagpipe band speaks sadly of Mr. Florio


( SINV ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP am ) ( NP-PRD ( DT a ) ( JJ devout ) ( NNP Catholic ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Pignatelli ) ) ( NP ( DT a ) ( JJ 40-year-old ) ( NN health ) ( NN officer ) ) ) )

I am a devout Catholic says Mr. Pignatelli a 40-year-old health officer


( S ( NP-SBJ ( PRP I ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB support ) ( NP ( PRP him ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NN abortion ) ) ) ) ) )

I ca n't support him because of abortion


( S ( NP-SBJ ( NP ( NNP Bill ) ( NNP Wames ) ( NNP Sr. ) ) ( NP ( CD 72 ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( NNP Catholic ) ) ( ADVP ( RB too ) ) ( CC but ) ( ADJP ( JJ unfazed ) ( PP ( IN by ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Florio ) ( POS 's ) ) ( NN stand ) ) ( PP ( IN on ) ( NP ( NN abortion ) ) ) ) ) ) ) ) )

Bill Wames Sr. 72 is Catholic too but unfazed by Mr. Florio 's stand on abortion


( S ( S-ADV ( NP-PRD ( NP ( DT A ) ( NN security ) ( NN guard ) ) ( PP-LOC ( IN at ) ( NP ( DT a ) ( NN cargo ) ( NN terminal ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ wears ) ( NP ( NP ( DT a ) ( NAC ( NNP Sons ) ( PP ( IN of ) ( NP ( NNP Italy ) ) ) ) ( NN jacket ) ( CC and ) ( NN cap ) ) ( VP ( VBG celebrating ) ( NP ( DT The ) ( NNP US ) ( CD 1 ) ( NNP Band ) ) ) ) ) )

A security guard at a cargo terminal he wears a Sons of Italy jacket and cap celebrating The US 1 Band


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( ADVP ( RB still ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN woman ) ) ( VP ( VBZ has ) ( NP ( DT the ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB do ) ( PP-CLR ( IN with ) ( NP ( PRP$ her ) ( NN body ) ) ) ( SBAR-MNR ( IN as ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBZ pleases ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

I still think the woman has the right to do with her body as she pleases he says


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP want ) ( NP ( JJR more ) ( NNS opinions ) ) ) ) ) ( VP ( VB ask ) ( NP ( PRP$ my ) ( NN wife ) ) ) )

If you want more opinions ask my wife


( S ( NP-SBJ ( PRP She ) ) ( VP ( VBZ has ) ( NP ( NP ( NNS lots ) ) ( PP ( IN of ) ( NP ( NNS opinions ) ) ) ) ) )

She has lots of opinions


( S ( NP-SBJ ( NP ( PRP$ Your ) ( NNP Oct. ) ( CD 12 ) ( NN editorial ) ) ( NP-TTL ( NNP Pitiful ) ( NNP Helpless ) ( NNP Presidency ) ) ) ( ADVP ( RB correctly ) ) ( VP ( VBZ states ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ critical ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Bush ) ( NN administration ) ( POS 's ) ) ( NN failure ) ( S ( VP ( TO to ) ( VP ( VB have ) ( NP ( DT any ) ( NN plan ) ) ( PP-CLR ( IN in ) ( NP ( NN place ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB respond ) ( PP-MNR ( IN in ) ( NP ( DT a ) ( JJ timely ) ( NN fashion ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NNS opportunities ) ( S ( VP ( TO to ) ( VP ( VB oust ) ( NP ( NNP Manuel ) ( NNP Noriega ) ) ) ) ) ) ( VP ( VBD presented ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( VBN attempted ) ( JJ military ) ( NN coup ) ) ( PP-TMP ( IN on ) ( NP ( NNP Oct. ) ( CD 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Your Oct. 12 editorial Pitiful Helpless Presidency correctly states that I was critical of the Bush administration 's failure to have any plan in place to respond in a timely fashion to the opportunities to oust Manuel Noriega presented by the attempted military coup on Oct. 3


( S ( NP-SBJ ( PRP You ) ) ( VP ( VBP are ) ( ADJP-PRD ( RB absolutely ) ( JJ wrong ) ) ( ADVP ( RB however ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG opining ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT this ) ( NN position ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( DT some ) ( NN kind ) ) ( PP ( IN of ) ( NP ( JJ flip-flop ) ) ) ) ( NP ( NP ( NN something ) ) ( VP ( ADVP ( RB newly ) ) ( VBD arrived ) ( PP ( IN at ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG reading ) ( NP ( DT the ) ( NN opinion ) ( NNS polls ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

You are absolutely wrong however in opining that this position is some kind of flip-flop something newly arrived at as a result of reading the opinion polls


( S ( NP-SBJ ( PRP$ My ) ( NN position ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ) ( VP ( VBN founded ) ( PP-CLR ( IN on ) ( NP ( DT both ) ( NP ( DT the ) ( NNS facts ) ) ( CC and ) ( NP ( DT the ) ( NN law ) ) ) ) ) ) ) )

My position is one founded on both the facts and the law


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN forgotten ) ) ) ) ) ) ( NP-SBJ ( NP ( JJ public ) ( NN opinion ) ) ( PP ( IN about ) ( NP ( NNP Gen. ) ( NNP Noriega ) ) ) ) ( VP ( VBZ is ) ( SBAR-LOC-PRD ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ) ) ) ( PP-PRP ( PP ( IN in ) ( NP ( JJ large ) ( NN measure ) ) ) ( IN because ) ( IN of ) ( NP ( NP ( PRP$ my ) ( NN investigation ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( NNS years ) ) ( PP ( IN of ) ( NP ( NP ( NN involvement ) ) ( PP ( IN in ) ( NP ( NP ( NNS narcotics ) ( NN smuggling ) ) ( CC and ) ( NP ( NP ( JJ simultaneous ) ( NN work ) ) ( PP ( IN as ) ( NP ( DT a ) ( NNP U.S. ) ( NN operative ) ) ) ) ) ) ) ) ) ) ) ) ) )

Although you may have forgotten public opinion about Gen. Noriega is where it is in large measure because of my investigation of his years of involvement in narcotics smuggling and simultaneous work as a U.S. operative


( S ( NP-SBJ ( DT The ) ( NN public ) ) ( VP ( VBD made ) ( PRT ( RP up ) ) ( NP ( PRP$ its ) ( NN mind ) ) ( PP-CLR ( IN about ) ( NP ( NNP Gen. ) ( NNP Noriega ) ) ) ( ADVP ( RB largely ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS hearings ) ) ( SBAR ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD chaired ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP Subcommittee ) ) ( PP ( IN on ) ( NP ( NNP Terrorism ) ( CC and ) ( NNP Narcotics ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Foreign ) ( NNP Relations ) ( NNP Committee ) ) ) ) ) ( PP-TMP ( PP ( IN on ) ( NP ( NNP Feb. ) ( CD 8 ) ( CD 9 ) ( CD 10 ) ( CC and ) ( CD 11 ) ( CD 1988 ) ) ) ( CC and ) ( ADVP ( RB again ) ) ( PP ( IN on ) ( NP ( NNP April ) ( CD 4 ) ( CD 1988 ) ) ) ) ) ) ) ) ) ) ) ) )

The public made up its mind about Gen. Noriega largely as a result of the hearings I chaired in the Subcommittee on Terrorism and Narcotics of the Foreign Relations Committee on Feb. 8 9 10 and 11 1988 and again on April 4 1988


( S-CLF ( NP-SBJ ( PRP It ) ) ( VP ( VBD was ) ( PP-TMP-PRD ( IN during ) ( NP ( DT those ) ( NNS hearings ) ) ) ( SBAR ( WHADVP-1 ( IN that ) ) ( S ( NP-SBJ ( DT the ) ( NN nation ) ) ( ADVP ( RB first ) ) ( VP ( VBD learned ) ( NP ( NP ( DT the ) ( NN breadth ) ( CC and ) ( NN depth ) ) ( PP ( PP ( IN of ) ( NP ( NP ( NNP Gen. ) ( NNP Noriega ) ( POS 's ) ) ( NN criminality ) ) ) ( CC and ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( VBG enduring ) ( NNS relationships ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( NN variety ) ) ( PP ( IN of ) ( NP ( NNP U.S. ) ( NN government ) ( NNS agencies ) ) ) ) ) ) ) ) ) ) ) ) ) )

It was during those hearings that the nation first learned the breadth and depth of Gen. Noriega 's criminality and of his enduring relationships with a variety of U.S. government agencies


( S ( NP-SBJ ( DT Those ) ( NNS hearings ) ) ( ADVP ( RB also ) ) ( VP ( VBD highlighted ) ( SBAR ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ-1 ( NNP Gen. ) ( NNP Noriega ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB use ) ( NP ( NP ( PRP$ his ) ( NNS relationships ) ) ( PP ( IN with ) ( NP ( DT these ) ( NNS agencies ) ) ) ) ( S-CLR ( VP ( VP ( TO to ) ( VP ( VB delay ) ( NP ( NP ( NNP U.S. ) ( NN action ) ) ( PP ( IN against ) ( NP ( PRP him ) ) ) ) ) ) ( CC and ) ( VP ( TO to ) ( VP ( VB exploit ) ( NP ( NP ( NP ( DT the ) ( NN administration ) ( POS 's ) ) ( NN obsession ) ) ( PP ( IN with ) ( S-NOM ( VP ( VBG overthrowing ) ( NP ( DT the ) ( NNS Sandinistas ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB protect ) ( NP ( PRP$ his ) ( JJ own ) ( NN drug-dealing ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Those hearings also highlighted how Gen. Noriega was able to use his relationships with these agencies to delay U.S. action against him and to exploit the administration 's obsession with overthrowing the Sandinistas to protect his own drug-dealing


( S ( SBAR-ADV ( IN As ) ( S ( NP-SBJ ( JJ former ) ( NAC ( NNP Ambassador ) ( PP ( TO to ) ( NP ( NNP Costa ) ( NNP Rica ) ) ) ) ( NNP Francis ) ( NNP J. ) ( NNP McNeil ) ) ( VP ( VBD testified ) ( PP-LOC ( IN before ) ( NP ( DT the ) ( NN subcommittee ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Reagan ) ( NN administration ) ) ( VP ( VP ( VBD knew ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Gen. ) ( NNP Noriega ) ) ( VP ( VBD was ) ( ADJP-PRD ( VBN involved ) ( PP ( IN with ) ( NP ( NNS narcotics ) ) ) ) ) ) ) ) ( CC but ) ( VP ( VBD made ) ( NP ( DT a ) ( NN decision ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN summer ) ) ( PP ( IN of ) ( NP ( CD 1986 ) ) ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB put ) ( NP ( NNP Gen. ) ( NNP Noriega ) ) ( PP-PUT ( IN on ) ( NP ( DT the ) ( NN shelf ) ) ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ-2 ( NNP Nicaragua ) ) ( VP ( VBD was ) ( VP ( VBN settled ) ) ) ) ) ) ) ) ) ) )

As former Ambassador to Costa Rica Francis J. McNeil testified before the subcommittee the Reagan administration knew that Gen. Noriega was involved with narcotics but made a decision in the summer of 1986 to put Gen. Noriega on the shelf until Nicaragua was settled


( S ( SBAR-ADV ( IN As ) ( S ( NP-SBJ ( NP ( DT the ) ( NN report ) ) ( VP ( VBN issued ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN subcommittee ) ) ) ) ) ( VP ( VBD concluded ) ) ) ) ( NP-SBJ ( PRP$ Our ) ( NN government ) ) ( VP ( VBD did ) ( NP ( NN nothing ) ) ( PP ( VBG regarding ) ( NP ( NP ( NP ( NNP Gen. ) ( NNP Noriega ) ( POS 's ) ) ( NN drug ) ( NN business ) ) ( CC and ) ( NP ( JJ substantial ) ( JJ criminal ) ( NN involvement ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( DT the ) ( JJ first ) ( NN priority ) ) ( VP ( VBD was ) ( NP-PRD ( DT the ) ( NNP Contra ) ( NN war ) ) ) ) ) ) )

As the report issued by the subcommittee concluded Our government did nothing regarding Gen. Noriega 's drug business and substantial criminal involvement because the first priority was the Contra war


( S ( NP-SBJ ( DT This ) ( NN decision ) ) ( VP ( VBD resulted ) ( PP-CLR ( IN in ) ( S-NOM ( NP-SBJ ( ADVP ( IN at ) ( JJS least ) ) ( DT some ) ( NNS drugs ) ) ( VP ( VBG entering ) ( NP ( DT the ) ( NNP United ) ( NNP States ) ) ) ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( JJ hidden ) ( NN cost ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN war ) ) ) ) ) ) )

This decision resulted in at least some drugs entering the United States as a hidden cost of the war


( S ( ADVP ( RB Unfortunately ) ) ( NP-SBJ ( DT this ) ( NN problem ) ) ( VP ( VBD continued ) ( PP-TMP ( RB even ) ( RB after ) ( NP ( NP ( NNP Gen. ) ( NNP Noriega ) ( POS 's ) ) ( NN indictment ) ) ) ) )

Unfortunately this problem continued even after Gen. Noriega 's indictment


( S ( PP-TMP ( IN Throughout ) ( NP ( NP ( CD 1988 ) ) ( CC and ) ( NP ( DT this ) ( NN year ) ) ) ) ( NP-SBJ ( NP ( PRP I ) ) ( CC and ) ( NP ( NP ( NNS others ) ) ( PP-LOC ( IN in ) ( NP ( NNP Congress ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN pressed ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( TO to ) ( VP ( VB develop ) ( NP ( NP ( DT a ) ( NN plan ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG pushing ) ( NP ( DT this ) ( NN narcokleptocrat ) ) ( PP-DIR ( IN out ) ( PP ( IN of ) ( NP ( NNP Panama ) ) ) ) ) ) ) ) ) ) ) ) ) )

Throughout 1988 and this year I and others in Congress have pressed the U.S. to develop a plan for pushing this narcokleptocrat out of Panama


( S ( ADVP ( RB Regrettably ) ) ( NP-SBJ-1 ( NP ( CD two ) ( NNS administrations ) ) ( PP ( IN in ) ( NP ( DT a ) ( NN row ) ) ) ) ( VP ( VB have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ unwilling ) ( CC and ) ( JJ unable ) ( S ( VP ( TO to ) ( VP ( VB develop ) ( NP ( NP ( DT any ) ( NN plan ) ) ( ADJP ( JJ military ) ( CC or ) ( JJ economic ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG supporting ) ( NP ( DT the ) ( JJ Panamanian ) ( NNS people ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NNS attempts ) ( S ( VP ( TO to ) ( VP ( VB restore ) ( NP ( NN democracy ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Regrettably two administrations in a row have been unwilling and unable to develop any plan military or economic for supporting the Panamanian people in their attempts to restore democracy


( NP ( NP ( NNP Sen. ) ( NNP John ) ( NNP Kerry ) ) ( PRN ( NP ( NP ( NNP D. ) ) ( NP-LOC ( NNP Mass ) ) ) ) )

Sen. John Kerry D. Mass


( S ( NP-SBJ-2 ( PRP I ) ) ( VP ( VBD was ) ( ADJP-PRD ( VBN amused ) ( S ( VP ( TO to ) ( VP ( VB read ) ( NP ( NP ( PRP$ your ) ( JJ recent ) ( NN news ) ( NNS stories ) ) ( PP ( IN on ) ( NP ( NP ( NP ( DT the ) ( NN banking ) ( NN industry ) ( POS 's ) ) ( NN reserve ) ( NNS additions ) ) ( CC and ) ( NP ( JJ concomitant ) ( NNS threats ) ( S ( VP ( TO to ) ( VP ( VB cease ) ( S ( VP ( VBG making ) ( NP ( JJ new ) ( NNS loans ) ) ( PP-CLR ( TO to ) ( NP ( JJ less-developed ) ( NNS countries ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

I was amused to read your recent news stories on the banking industry 's reserve additions and concomitant threats to cease making new loans to less-developed countries


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-1 ( DT the ) ( JJ whole ) ( NN story ) ) ( VP ( VBD were ) ( VP ( VBN told ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB read ) ( NP-MNR ( NP ( NN something ) ) ( PP ( IN like ) ( NP ( DT this ) ) ) ) ) ) )

If the whole story were told it would read something like this


( S ( PP-TMP ( IN During ) ( NP ( DT the ) ( NNS 1970s ) ) ) ( NP-SBJ ( DT the ) ( JJ commercial ) ( NNS banks ) ) ( VP ( VBD lured ) ( NP ( DT the ) ( NN country ) ( NN loan ) ( NN business ) ) ( ADVP-DIR ( RB away ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN bond ) ( NNS markets ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( NP ( NP ( DT the ) ( NN discipline ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN prospectus ) ) ) ) ( CC and ) ( NP ( NAC ( NNP Use ) ( PP ( IN of ) ( NP ( NNP Proceeds ) ) ) ) ( NN confirmation ) ) ) ( VP ( VBD allowed ) ( S ( NP-SBJ ( NNS lenders ) ) ( VP ( TO to ) ( VP ( VB audit ) ( NP ( NP ( NNS expenditures ) ) ( PP ( IN of ) ( NP ( JJ old ) ( NNS loans ) ) ) ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ-1 ( JJ new ) ( NNS loans ) ) ( VP ( VBD were ) ( VP ( VBN made ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

During the 1970s the commercial banks lured the country loan business away from the bond markets where the discipline of a prospectus and Use of Proceeds confirmation allowed lenders to audit expenditures of old loans before new loans were made


( S ( S ( NP-SBJ-1 ( NP ( DT The ) ( NN reward ) ) ( PP ( IN for ) ( NP ( DT that ) ( JJ reckless ) ( NN lending ) ) ) ) ( VP ( VBD was ) ( NP-PRD-2 ( RB high ) ( NX ( NX ( VBN reported ) ( NNS earnings ) ) ( PRN ( CC and ) ( NX ( NN management ) ( NNS bonuses ) ) ) ) ) ) ) ( S ( NP-SBJ=1 ( DT the ) ( NN price ) ) ( NP=2 ( NP ( DT a ) ( NN sea ) ) ( PP ( IN of ) ( NP ( JJ bad ) ( NNS loans ) ) ) ) ) )

The reward for that reckless lending was high reported earnings and management bonuses the price a sea of bad loans


( S ( PP-TMP ( IN For ) ( NP ( DT the ) ( JJ past ) ( JJ several ) ( NNS years ) ) ) ( NP-SBJ-1 ( DT the ) ( NNS banks ) ) ( S-ADV ( VP ( VBG lacking ) ( NP ( NP ( DT a ) ( JJ private ) ( NN navy ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB enforce ) ( NP ( PRP$ their ) ( NNS interests ) ) ) ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG pressuring ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ( NNP Treasury ) ) ( VP ( TO to ) ( VP ( VB underwrite ) ( NP ( PRP$ their ) ( JJ bad ) ( NNP LDC ) ( NNS credits ) ) ) ) ) ) ) ) )

For the past several years the banks lacking a private navy to enforce their interests have been pressuring the U.S. Treasury to underwrite their bad LDC credits


( S ( NP-SBJ ( DT The ) ( NNP Treasury ) ) ( ADVP-MNR ( RB wisely ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN refused ) ) ) ( CC but ) ( VP ( VBZ has ) ( VP ( VBN concluded ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( JJ indirect ) ( NN credit ) ( NN support ) ) ( PP ( IN through ) ( NP ( JJ various ) ( JJ multinational ) ( NNS agencies ) ) ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN made ) ( S ( ADJP-PRD ( JJ available ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( NN price ) ) ( NP ( CC either ) ( NP ( NN debt ) ( NN reduction ) ) ( CC or ) ( NP ( JJ debt-service ) ( NN reduction ) ) ( CC or ) ( NP ( NP ( JJ new ) ( NNS loans ) ) ( PRN ( NP ( DT the ) ( NNP Brady ) ( NNP Plan ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Treasury wisely has refused but has concluded that indirect credit support through various multinational agencies should be made available for a price either debt reduction or debt-service reduction or new loans the Brady Plan


( S ( S ( NP-SBJ-1 ( DT The ) ( NNS banks ) ) ( VP ( MD will ) ( VP ( VB threaten ) ( S ( RB not ) ( VP ( TO to ) ( VP ( VB make ) ( NP ( JJ further ) ( NNS loans ) ) ) ) ) ) ) ) ( CC but ) ( S ( PP ( IN in ) ( NP ( NN truth ) ) ) ( S-ADV ( VP ( VBG lacking ) ( NP ( NP ( DT the ) ( NN capital ) ) ( SBAR ( S ( VP ( VP ( TO to ) ( VP ( VB write ) ( PRT ( RP off ) ) ( NP ( PRP$ their ) ( NNS mistakes ) ) ) ) ( CC or ) ( VP ( TO to ) ( VP ( VB build ) ( NP ( DT a ) ( NN navy ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( PRP they ) ) ( VP ( VBP have ) ( NP ( NP ( DT no ) ( NN alternative ) ) ( CC but ) ( S-NOM ( VP ( TO to ) ( VP ( VB go ) ( PRT ( RP along ) ) ) ) ) ) ) ) )

The banks will threaten not to make further loans but in truth lacking the capital to write off their mistakes or to build a navy they have no alternative but to go along


( NP ( NNP George ) ( NNP A. ) ( NNP Wiegers ) )

George A. Wiegers


( S ( S-TPC-3 ( NP-SBJ-1 ( NP ( NN Steel ) ( NNS jackets ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN type ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN prevented ) ( NP ( NP ( NN collapse ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS columns ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( CD 1.5-mile ) ( NN stretch ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Nimitz ) ( NNP Freeway ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN installed ) ( PP-LOC ( IN on ) ( NP ( NP ( ADVP ( IN at ) ( JJS least ) ) ( DT a ) ( JJ small ) ( NN test ) ( NN section ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ double-decker ) ( NN highway ) ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( NNP California ) ( POS 's ) ) ( NNP Department ) ) ( PP ( IN of ) ( NP ( NNP Transportation ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( VBZ employees ) ) ( ADJP ( JJ familiar ) ( PP ( IN with ) ( NP ( DT the ) ( NN project ) ) ) ) ) ( VP ( VBP say ) ) )

Steel jackets of a type that may have prevented collapse of the columns of a 1.5-mile stretch of the Nimitz Freeway had been installed on at least a small test section of the double-decker highway last year by California 's Department of Transportation employees familiar with the project say


( S ( NP-SBJ ( NP ( DT The ) ( NN test ) ( NN project ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP ( RB reportedly ) ) ( VP ( VBD survived ) ( NP ( NP ( NNP Tuesday ) ( POS 's ) ) ( NN earthquake ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN prelude ) ) ( PP ( TO to ) ( NP ( DT a ) ( NN state ) ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB retrofit ) ( NP ( NP ( DT that ) ( JJ critical ) ( NN section ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN freeway ) ) ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN steel ) ( NNS casings ) ) ) ) ) ) ) ) ) ) )

The test project which reportedly survived Tuesday 's earthquake was a prelude to a state plan to retrofit that critical section of the freeway with the steel casings


( S ( NP-SBJ ( NN State ) ( NNS engineers ) ) ( VP ( VBP have ) ( VP ( VBN made ) ( NP ( DT a ) ( JJ preliminary ) ( NN finding ) ( SBAR ( IN that ) ( S-CLF ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NN failure ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ concrete ) ( NNS columns ) ) ( VP ( VP ( VBN wrenched ) ) ( CC and ) ( VP ( VBN separated ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( JJ double-decker ) ( NN roadbed ) ) ) ) ) ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD was ) ( ADJP-PRD ( JJ responsible ) ( PP ( IN for ) ( NP ( DT the ) ( NN collapse ) ) ) ) ) ) ) ) ) ) ) ) ) )

State engineers have made a preliminary finding that it was failure of the concrete columns wrenched and separated from the double-decker roadbed that was responsible for the collapse


( S ( NP-SBJ ( NP ( DT The ) ( NN failure ) ) ( PP-LOC ( IN in ) ( NP ( NNP Oakland ) ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN freeway ) ( NN segment ) ) ( VP ( VBN known ) ( PP-CLR ( IN as ) ( NP ( DT the ) ( NNP Cypress ) ( NN structure ) ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( JJS deadliest ) ( NN aspect ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN quake ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( NNS officials ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ hopeful ) ) ( NP-TMP ( NN yesterday ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN death ) ( NN toll ) ) ( ADVP-LOC ( RB there ) ) ) ( VP ( MD might ) ( VP ( VB be ) ( ADJP-PRD ( ADJP ( RB significantly ) ( JJR lower ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( CD 250 ) ) ( VP ( ADVP-TMP ( RB initially ) ) ( VBN feared ) ) ) ) ) ) ) ) ) ) ) ) ) )

The failure in Oakland of the freeway segment known as the Cypress structure was the deadliest aspect of the quake although officials were hopeful yesterday that the death toll there might be significantly lower than the 250 initially feared


( S ( S-NOM-SBJ-1 ( VP ( VBG Sorting ) ( PRT ( RP out ) ) ( NP ( DT the ) ( NN wreckage ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB take ) ( NP ( JJ several ) ( NNS days ) ) ) ) ) ) ) )

Sorting out the wreckage is expected to take several days


( S ( NP-SBJ ( JJ Red ) ( NNS tractors ) ) ( ADVP-MNR ( RB gingerly ) ) ( VP ( VBD picked ) ( PP-CLR ( IN at ) ( NP ( DT the ) ( NN rubble ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ-1 ( NNS jackhammers ) ) ( VP ( VBD tried ) ( S ( VP ( TO to ) ( VP ( VB break ) ( PRT ( RP up ) ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ massive ) ( NNS slabs ) ) ( PP ( IN of ) ( NP ( NN concrete ) ) ) ) ) ) ) ) ) ) ) ) ) )

Red tractors gingerly picked at the rubble while jackhammers tried to break up some of the massive slabs of concrete


( S ( NP-SBJ-1 ( JJ Giant ) ( JJ yellow ) ( NNS cranes ) ) ( VP ( VBD were ) ( VP ( VBN wheeled ) ( PRT ( RP up ) ) ( PP-DIR ( IN alongside ) ( NP ( DT the ) ( VBN collapsed ) ( NN segment ) ) ) ( S-ADV ( VP ( VBG preparing ) ( S ( VP ( TO to ) ( VP ( VB lift ) ( PRT ( RP off ) ) ( NP ( NP ( NNS chunks ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN debris ) ) ) ) ) ) ) ) ) ) ) )

Giant yellow cranes were wheeled up alongside the collapsed segment preparing to lift off chunks of the debris


( S ( PP-LOC ( IN In ) ( NP ( NNP Sacramento ) ) ) ( NP-SBJ ( DT a ) ( NN transportation ) ( NN department ) ( NN spokesman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD could ) ( RB n't ) ( ADVP-TMP ( RB immediately ) ) ( VP ( VB confirm ) ( CC or ) ( VB deny ) ( NP ( NP ( NN existence ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN test ) ( NN work ) ) ) ) ) ) ) ) ) )

In Sacramento a transportation department spokesman said he could n't immediately confirm or deny existence of the test work


( S ( ADVP ( RB However ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD asserted ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN department ) ) ( VP ( VBD had ) ( RB n't ) ( VP ( VBN mastered ) ( NP ( NP ( DT the ) ( NN technology ) ) ( VP ( VBD needed ) ( S-CLR ( VP ( TO to ) ( VP ( VB retrofit ) ( NP ( DT the ) ( JJ entire ) ( NNP Cypress ) ( NN structure ) ) ) ) ) ) ) ) ) ) ) ) )

However he asserted that the department had n't mastered the technology needed to retrofit the entire Cypress structure


( S-1 ( ADVP ( RB Moreover ) ) ( PRN ( S ( NP-SBJ ( JJ other ) ( NNS officials ) ) ( VP ( VBD noted ) ) ) ) ( NP-SBJ ( NP ( NNS snafus ) ) ( PP-LOC ( IN in ) ( NP ( NN transportation ) ( NN funding ) ) ) ( SBAR ( WHNP-2 ( IN that ) ) ( S ( NP-SBJ ( DT the ) ( NN state ) ) ( VP ( VBZ has ) ( VP ( VBN experienced ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NNS years ) ) ) ) ) ) ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN restricted ) ( NP ( NP ( DT the ) ( NN availability ) ) ( PP ( IN of ) ( NP ( NP ( NNS funds ) ) ( PP ( IN for ) ( NP ( JJ such ) ( DT a ) ( NN retrofitting ) ) ) ) ) ) ( SBAR-ADV ( RB even ) ( IN if ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB technologically ) ( JJ feasible ) ) ) ) ) ) ) ) )

Moreover other officials noted snafus in transportation funding that the state has experienced over the years may have restricted the availability of funds for such a retrofitting even if it were technologically feasible


( S ( NP-SBJ ( JJ Knowledgeable ) ( NNS employees ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN retrofitting ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD had ) ( RB n't ) ( ADVP ( RB yet ) ) ( VP ( VBN been ) ( VP ( VBN budgeted ) ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( VBN planned ) ( JJ three-stage ) ( NN reinforcement ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Cypress ) ( NN structure ) ) ) ( VP ( VBN begun ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP California ) ( NN transportation ) ( NN department ) ) ) ( ADVP-TMP ( NP ( JJ several ) ( NNS years ) ) ( RB ago ) ) ) ) ) ) ) ) ) ) )

Knowledgeable employees said the retrofitting which had n't yet been budgeted was part of a planned three-stage reinforcement of the Cypress structure begun by the California transportation department several years ago


( S ( NP-SBJ ( NP ( DT The ) ( NNP Cypress ) ( NN reinforcement ) ( NN project ) ) ( NP ( PRP itself ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT an ) ( JJ annual ) ( NN effort ) ( S ( VP ( TO to ) ( VP ( NN shore ) ( PRT ( RP up ) ) ( NP ( NP ( NNS structures ) ) ( VP ( VBD believed ) ( S ( ADJP-PRD ( JJ vulnerable ) ( PP ( TO to ) ( NP ( NNS earthquakes ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Cypress reinforcement project itself was part of an annual effort to shore up structures believed vulnerable to earthquakes


( S ( NP-SBJ ( DT The ) ( NN state ) ) ( VP ( VBD began ) ( NP ( JJ such ) ( NN work ) ) ( PP-TMP ( IN after ) ( NP ( NP ( DT a ) ( CD 1971 ) ( NN tremblor ) ) ( PP-LOC ( IN in ) ( NP ( NNP Southern ) ( NNP California ) ) ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( JJ numerous ) ( NNS bridges ) ) ( VP ( VBD collapsed ) ) ) ) ) ) ) )

The state began such work after a 1971 tremblor in Southern California when numerous bridges collapsed


( S ( S-TPC-4 ( NP-SBJ ( PRP We ) ) ( VP ( VBD had ) ( ADVP ( RB just ) ) ( VP ( VBN finished ) ( NP ( NP ( NN phase ) ( CD two ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Cypress ) ( NN project ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD involved ) ( S ( VP ( VBG installing ) ( NP ( NP ( DT a ) ( NN series ) ) ( PP ( IN of ) ( NP ( NP ( VBG retaining ) ( NNS cables ) ) ( VP ( VBN designed ) ( NP ( SBAR-PRP ( S ( VP ( TO to ) ( VP ( VB prevent ) ( NP-2 ( NP ( NNS sections ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN roadway ) ) ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG separating ) ( PP-PRP ( IN as ) ( NP ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( NP ( JJ seismic ) ( NN shock ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN state ) ( NNP DOT ) ( NN engineer ) ) ( VP ( VBD said ) ) )

We had just finished phase two of the Cypress project that involved installing a series of retaining cables designed to prevent sections of the roadway from separating as a result of seismic shock a state DOT engineer said


( S ( PP-TMP ( IN After ) ( S-NOM ( VP ( VBG completing ) ( NP ( NP ( NN installation ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS jackets ) ) ) ( PP ( IN on ) ( NP ( NP ( CD one ) ( NN frame ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN freeway ) ) ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NN state ) ( NNP DOT ) ) ( VP ( VBD had ) ( VP ( VBN sent ) ( NP ( DT the ) ( NN project ) ) ( PP-DIR ( IN over ) ( PP ( TO to ) ( NP ( NP ( PRP$ its ) ( NNP Sacramento ) ( NNS engineers ) ) ( SBAR-PRP ( S ( VP ( TO to ) ( VP ( VB draw ) ( PRT ( RP up ) ) ( NP ( DT a ) ( JJ final ) ( NN design ) ) ) ) ) ) ) ) ) ) ) )

After completing installation of the jackets on one frame of the freeway last year the state DOT had sent the project over to its Sacramento engineers to draw up a final design


( S ( NP-SBJ ( JJ Knowledgeable ) ( NNS employees ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN project ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN stymied ) ( ADVP ( RB somewhat ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN difficulty ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG designing ) ( NP ( DT the ) ( NNS jackets ) ) ) ) ) ) ) ) ) ) ) ) ) )

Knowledgeable employees said the project had been stymied somewhat by the difficulty of designing the jackets


( S ( NP-SBJ ( DT The ) ( NN procedure ) ) ( VP ( VBZ involves ) ( S ( VP ( VP ( VBG encasing ) ( NP ( DT the ) ( JJ concrete ) ( NNS columns ) ) ( PP-CLR ( IN with ) ( NP ( NN steel ) ) ) ) ( ADVP ( RB then ) ) ( VP ( VBG connecting ) ( NP ( PRP them ) ) ( ADVP-MNR ( RBR more ) ( RB securely ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ double-decker ) ( NN roadbed ) ) ) ) ) ) ) )

The procedure involves encasing the concrete columns with steel then connecting them more securely to the double-decker roadbed


( S ( NP-SBJ ( DT The ) ( NNS employees ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN project ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN been ) ( VP ( VBN snagged ) ( PP ( IN by ) ( NP-LGS ( JJ budgetary ) ( NNS concerns ) ) ) ) ) ) ) ) ) ) )

The employees also said the project may have been snagged by budgetary concerns


( S ( NP-SBJ ( CD One ) ( JJ preliminary ) ( NN estimate ) ) ( VP ( VBD put ) ( NP ( DT the ) ( NN retrofitting ) ( NN cost ) ) ( PP-PUT ( IN at ) ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 50 ) ( CD million ) ) ) ) ) )

One preliminary estimate put the retrofitting cost at as much as 50 million


( S ( NP-SBJ ( NP ( DT The ) ( NN collapse ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN span ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN provoked ) ( NP ( NP ( NN surprise ) ( CC and ) ( NN anger ) ) ( PP-LOC ( IN among ) ( NP ( NN state ) ( NNS officials ) ) ) ) ) ) )

The collapse of the span has provoked surprise and anger among state officials


( S ( NP-SBJ ( NP ( NNP Gov. ) ( NNP George ) ( NNP Deukmejian ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN assured ) ( PP ( IN by ) ( NP-LGS ( NN state ) ( NN transportation ) ( NNS officials ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN structure ) ) ( VP ( MD could ) ( VP ( VB withstand ) ( NP ( DT an ) ( ADJP ( RB even ) ( JJR larger ) ) ( NN quake ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD called ) ( PP-CLR ( IN for ) ( NP ( DT an ) ( JJ immediate ) ( NN investigation ) ) ) ) )

Gov. George Deukmejian who said he had been assured by state transportation officials that the structure could withstand an even larger quake called for an immediate investigation


( SINV ( S-TPC-5 ( NP-SBJ-3 ( PRP I ) ) ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB know ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD made ) ( NP ( DT the ) ( NN decision ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ safe ) ) ( SBAR-4 ( IN for ) ( S ( NP-SBJ ( CD 186,000 ) ( NNS people ) ) ( VP ( TO to ) ( VP ( VB use ) ( NP-TMP ( DT every ) ( NN day ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Richard ) ( NNP Katz ) ) ( NP ( NP ( DT a ) ( NN state ) ( NN legislator ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ is ) ( NP-PRD ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP California ) ( NNP Assembly ) ( POS 's ) ) ( NN transportation ) ( NN committee ) ) ) ) ) ) ) ) ) )

I want to know who made the decision that it was safe for 186,000 people to use every day said Richard Katz a state legislator who is chairman of the California Assembly 's transportation committee


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD would ) ( VP ( VB convene ) ( NP ( NNS hearings ) ) ( PP-TMP ( IN within ) ( NP ( CD two ) ( NNS weeks ) ) ) ) ) ) ) ) )

He said he would convene hearings within two weeks


( S ( NP-SBJ ( DT The ) ( NNP Cypress ) ( NN structure ) ) ( VP ( VP ( VBD opened ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ( CD 1957 ) ) ) ) ( CC and ) ( VP ( PP ( RB as ) ( NP ( JJ such ) ) ) ( PP ( IN like ) ( NP ( NP ( JJ many ) ( NNS buildings ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP San ) ( NNP Francisco ) ( NNP Bay ) ( NN area ) ) ) ) ) ( VBZ does ) ( RB not ) ( VP ( VB meet ) ( NP ( NP ( JJ current ) ( NN building ) ( NNS codes ) ) ( VP ( VBG requiring ) ( NP ( ADJP ( RB considerably ) ( JJR more ) ) ( NN steel ) ( NN support ) ) ) ) ) ) ) )

The Cypress structure opened in June 1957 and as such like many buildings in the San Francisco Bay area does not meet current building codes requiring considerably more steel support


( S ( NP-SBJ ( NP ( DT The ) ( JJ northern ) ( NNS piers ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN span ) ) ) ) ( VP ( NN lie ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NN estuarian ) ( NNS deposits ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD were ) ( PP-PRD ( IN of ) ( NP ( NP ( DT a ) ( NN type ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN liquefied ) ( ADVP-MNR ( RB easily ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( CD 1906 ) ( NN quake ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The northern piers of the span lie in estuarian deposits that were of a type to have liquefied easily during the 1906 quake


( S ( NP-SBJ ( NN Transportation ) ( NN department ) ( NNS officials ) ) ( ADVP ( RB however ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( ADJP-PRD ( ADJP ( RB as ) ( VBN surprised ) ) ( PP ( IN as ) ( NP ( NN anyone ) ) ) ( PP ( IN by ) ( NP ( DT the ) ( NNP Cypress ) ( NN destruction ) ) ) ) ) ) ) ) )

Transportation department officials however said they were as surprised as anyone by the Cypress destruction


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJ previous ) ( NNS earthquakes ) ) ( VP ( VBD suggested ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ multiple-column ) ( NNS viaducts ) ) ( VP ( MD would ) ( VP ( VB stand ) ( PRT ( RP up ) ) ( ADVP-MNR ( RB well ) ) ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBG working ) ( PP-CLR ( IN on ) ( NP ( NP ( NNS ways ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB bolster ) ( NP ( PRP them ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

They said previous earthquakes suggested that multiple-column viaducts would stand up well although they were working on ways to bolster them


( SINV ( S-TPC-2 ( S ( ADVP ( RB Unfortunately ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( QP ( RB only ) ( CD one ) ) ( NN laboratory ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG developing ) ( NP ( NP ( NNS techniques ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB withstand ) ( NP ( NNS earthquakes ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ is ) ( NP-PRD ( DT an ) ( NN earthquake ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Burch ) ( NNP Bachtold ) ) ( NP ( NP ( NNP San ) ( NNP Francisco ) ( NN district ) ( NN director ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN transportation ) ( NN department ) ) ) ) ) )

Unfortunately there is only one laboratory for developing techniques to withstand earthquakes and that is an earthquake said Burch Bachtold San Francisco district director for the transportation department


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP know ) ( PP-CLR ( IN of ) ( NP ( NP ( DT no ) ( NN technology ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ exists ) ( ADVP-LOC ( RB anywhere ) ( PP ( IN in ) ( NP ( DT the ) ( NN world ) ) ) ) ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB allow ) ( S ( NP-SBJ ( PRP us ) ) ( VP ( TO to ) ( VP ( VB reinforce ) ( NP ( DT the ) ( NNS columns ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He said We know of no technology that exists anywhere in the world that would allow us to reinforce the columns


( S ( NP-SBJ-1 ( NP ( NP ( NNP China ) ( POS 's ) ) ( NN slide ) ) ( PP ( IN toward ) ( NP ( NN recession ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG beginning ) ( S ( VP ( TO to ) ( VP ( VB look ) ( PP-CLR ( IN like ) ( NP ( DT a ) ( JJ free ) ( NN fall ) ) ) ) ) ) ) ) )

China 's slide toward recession is beginning to look like a free fall


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT a ) ( NN report ) ) ( PP ( IN on ) ( NP ( NP ( NNP China ) ( POS 's ) ) ( VBG foundering ) ( NN economy ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ official ) ( NNP State ) ( NNP Statistical ) ( NNP Bureau ) ) ( VP ( VBD disclosed ) ( SBAR ( DT that ) ( S ( NP-SBJ ( NP ( JJ industrial ) ( NN output ) ) ( NP-TMP ( JJ last ) ( NN month ) ) ) ( VP ( VP ( VBD rose ) ( NP-EXT ( CD 0.9 ) ( NN % ) ) ( PP-DIR ( IN from ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ( NP ( NP ( DT the ) ( JJS lowest ) ( NN growth ) ( NN rate ) ) ( PP ( IN in ) ( NP ( DT a ) ( NN decade ) ) ) ( PP ( IN for ) ( NP ( NNP September ) ) ) ) ) ) ) ) )

In a report on China 's foundering economy the official State Statistical Bureau disclosed that industrial output last month rose 0.9 % from a year earlier the lowest growth rate in a decade for September


( S ( NP-SBJ ( JJ Retail ) ( NNS sales ) ) ( VP ( VBP are ) ( VP ( VBG plummeting ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NN consumer ) ( NNS prices ) ) ( ADVP ( RB still ) ) ( VP ( VBP are ) ( VP ( VBG rising ) ) ) ) ) ) ) )

Retail sales are plummeting while consumer prices still are rising


( S ( NP-SBJ ( ADJP ( JJ Chinese ) ( CC and ) ( JJ foreign ) ) ( NNS economists ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBP predict ) ( NP ( NP ( VBN prolonged ) ( NN stagflation ) ) ( NP ( NP ( JJ low ) ( NN growth ) ) ( CC and ) ( NP ( JJ high ) ( NN inflation ) ) ) ) ) )

Chinese and foreign economists now predict prolonged stagflation low growth and high inflation


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN economy ) ) ( VP ( VBZ is ) ( VP ( VBG crashing ) ( ADVP-MNR ( RB hard ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( DT an ) ( JJ Asian ) ( NN economist ) ) ( PP-LOC ( IN in ) ( NP ( NNP Beijing ) ) ) ) )

The economy is crashing hard says an Asian economist in Beijing


( S ( NP-SBJ ( DT The ) ( NN slowdown ) ) ( VP ( VBZ is ) ( VP ( VBG taking ) ( NP-CLR ( VB hold ) ) ( ADVP-MNR ( ADVP ( NP-ADV ( DT a ) ( NN lot ) ) ( RBR more ) ( RB quickly ) ( CC and ) ( RB devastatingly ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( NN anyone ) ) ( VP ( VBD had ) ( VP ( VBN expected ) ) ) ) ) ) ) ) )

The slowdown is taking hold a lot more quickly and devastatingly than anyone had expected


( S ( NP-SBJ ( DT A ) ( JJ lengthy ) ( NN recession ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ materializes ) ) ) ) ( VP ( MD would ) ( VP ( VP ( VB drain ) ( NP ( NN state ) ( NNS coffers ) ) ) ( CC and ) ( VP ( VB create ) ( NP ( NP ( JJ severe ) ( NNS hardships ) ) ( PP ( IN for ) ( NP ( JJ urban ) ( NNS workers ) ) ) ) ) ) ) )

A lengthy recession if it materializes would drain state coffers and create severe hardships for urban workers


( S ( NP-SBJ ( NNS Experts ) ) ( VP ( VBP predict ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( VBG coming ) ( NN year ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN characterized ) ( PP ( IN by ) ( NP-LGS ( NP ( ADJP ( JJ flat ) ( CC or ) ( JJ negative ) ) ( JJ industrial ) ( NN growth ) ) ( NP ( VBG rising ) ( NN unemployment ) ) ( CC and ) ( NP ( DT a ) ( VBG widening ) ( NN budget ) ( NN deficit ) ) ) ) ) ) ) ) ) ) )

Experts predict the coming year will be characterized by flat or negative industrial growth rising unemployment and a widening budget deficit


( S ( SBAR-ADV ( IN Unless ) ( S ( NP-SBJ ( DT the ) ( NN government ) ) ( ADVP ( RB suddenly ) ) ( VP ( VBZ reverses ) ( NP ( NN course ) ) ) ) ) ( NP-SBJ ( NP ( NNS wages ) ) ( PP ( IN for ) ( NP ( JJS most ) ( NNS workers ) ) ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB keep ) ( NP-CLR ( NN pace ) ) ( PP-CLR ( IN with ) ( NP ( NN inflation ) ) ) ( S-ADV ( VP ( VBG creating ) ( NP ( NP ( DT a ) ( JJ potential ) ( NN source ) ) ( PP ( IN of ) ( NP ( JJ urban ) ( NN unrest ) ) ) ) ) ) ) ) )

Unless the government suddenly reverses course wages for most workers wo n't keep pace with inflation creating a potential source of urban unrest


( S ( NP-SBJ ( NP ( DT The ) ( NN economy ) ( POS 's ) ) ( NN slowdown ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ due ) ( ADVP ( RB only ) ( RB partly ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN austerity ) ( NN program ) ) ( VP ( VBN launched ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ( CD 1988 ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VP ( VB cool ) ( NP ( DT an ) ( VBN overheated ) ( NN economy ) ) ) ( CC and ) ( VP ( JJ tame ) ( NP ( NN inflation ) ) ) ) ) ) ) ) ) ) ) )

The economy 's slowdown is due only partly to the austerity program launched in September 1988 to cool an overheated economy and tame inflation


( S ( NP-SBJ ( JJ Industrial ) ( NN output ) ) ( VP ( VBD surged ) ( NP-EXT ( CD 21 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( CD 1988 ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NN inflation ) ) ( VP ( VBD peaked ) ( NP-TMP ( JJ last ) ( NNP February ) ) ( PP-CLR ( IN at ) ( NP ( RB nearly ) ( CD 30 ) ( NN % ) ) ) ) ) ) ) )

Industrial output surged 21 % in 1988 while inflation peaked last February at nearly 30 %


( S ( NP-SBJ ( DT The ) ( NN slowdown ) ) ( ADVP ( RB also ) ) ( VP ( VBZ results ) ( PP-CLR ( IN from ) ( NP ( NP ( JJ chronic ) ( UCP ( NN energy ) ( CC and ) ( JJ raw-materials ) ) ( NNS shortages ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP force ) ( S ( NP-SBJ ( JJ many ) ( NNS factories ) ) ( VP ( TO to ) ( VP ( VB restrict ) ( NP ( NNS operations ) ) ( PP-CLR ( TO to ) ( NP ( NP ( QP ( CD two ) ( CC or ) ( CD three ) ) ( NNS days ) ) ( NP-ADV ( DT a ) ( NN week ) ) ) ) ) ) ) ) ) ) ) ) ) )

The slowdown also results from chronic energy and raw-materials shortages that force many factories to restrict operations to two or three days a week


( S ( PP-LOC ( IN In ) ( NP ( JJ Western ) ( JJ market-driven ) ( NNS countries ) ) ) ( NP-SBJ ( NNS recessions ) ) ( ADVP-TMP ( RB often ) ) ( VP ( VBP have ) ( NP ( NP ( DT a ) ( JJ bright ) ( NN side ) ) ( S-NOM ( VP ( VBG prodding ) ( NP ( DT the ) ( NN economy ) ) ( PP-CLR ( TO to ) ( NP ( JJR greater ) ( NN efficiency ) ) ) ) ) ) ) )

In Western market-driven countries recessions often have a bright side prodding the economy to greater efficiency


( S ( PP-LOC ( IN In ) ( NP ( NNP China ) ) ) ( ADVP ( RB however ) ) ( NP-SBJ-1 ( EX there ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT any ) ( NN silver ) ( VBG lining ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( DT the ) ( NN economy ) ) ( VP ( VBZ remains ) ( VP ( VBN guided ) ( ADVP ( RB primarily ) ) ( PP ( IN by ) ( NP ( DT the ) ( NN state ) ) ) ) ) ) ) ) )

In China however there is n't likely to be any silver lining because the economy remains guided primarily by the state


( S ( ADVP ( RB Instead ) ) ( NP-SBJ-2 ( NNP China ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB shell ) ( PRT ( RP out ) ) ( NP ( JJ ever-greater ) ( NNS subsidies ) ) ( PP-CLR ( TO to ) ( NP ( NP ( PRP$ its ) ( VBN coddled ) ( JJ state-run ) ( NNS enterprises ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD ate ) ( PRT ( RP up ) ) ( NP ( NP ( QP ( CD 18 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NNS bailouts ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ) )

Instead China is likely to shell out ever-greater subsidies to its coddled state-run enterprises which ate up 18 billion in bailouts last year


( SINV ( CC Nor ) ( VBP are ) ( NP-SBJ-1 ( NP ( DT any ) ) ( PP ( IN of ) ( NP ( DT these ) ( JJ inefficient ) ( NNS monoliths ) ) ) ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN allowed ) ( S ( VP ( TO to ) ( VP ( VB go ) ( ADJP-PRD ( JJ bankrupt ) ) ) ) ) ) ) ) ) ) )

Nor are any of these inefficient monoliths likely to be allowed to go bankrupt


( S ( ADVP ( RB Rather ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN brunt ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN slowdown ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN felt ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ fast-growing ) ( ADJP ( JJ private ) ( CC and ) ( JJ semi-private ) ) ( NN township ) ( NNS enterprises ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBP have ) ( VP ( VBN fallen ) ( PP-DIR ( IN into ) ( NP ( NN disfavor ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( NP ( NNP China ) ( POS 's ) ) ( NNS leaders ) ) ( VP ( VBP re-emphasize ) ( NP ( NP ( DT an ) ( NN orthodox ) ( JJ Marxist ) ( NN preference ) ) ( PP ( IN for ) ( NP ( JJ public ) ( NN ownership ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Rather the brunt of the slowdown will be felt in the fast-growing private and semi-private township enterprises which have fallen into disfavor as China 's leaders re-emphasize an orthodox Marxist preference for public ownership


( SINV ( S-TPC-2 ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( DT the ) ( NN going ) ) ( VP ( VBZ gets ) ( ADJP-PRD ( JJ rough ) ) ) ) ) ( NP-SBJ ( NNP China ) ) ( VP ( VP ( VBZ penalizes ) ( NP ( DT the ) ( JJ efficient ) ) ) ( CC and ) ( VP ( VBZ rewards ) ( NP ( DT the ) ( JJ incompetent ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( DT a ) ( JJ Western ) ( NN economist ) ) )

When the going gets rough China penalizes the efficient and rewards the incompetent says a Western economist


( S ( NP-SBJ ( NP ( NNS Reports ) ) ( PP ( IN of ) ( NP ( NP ( DT an ) ( NN economy ) ) ( PP-LOC ( IN near ) ( NP ( NN recession ) ) ) ) ) ) ( VP ( VBN come ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NNS officials ) ) ( VP ( VBP prepare ) ( NP ( DT a ) ( JJ major ) ( NNP Communist ) ( NNP Party ) ( NN plenum ) ) ( PP ( IN for ) ( NP ( NP ( RB sometime ) ) ( PP ( IN in ) ( NP ( DT the ) ( JJ next ) ( JJ few ) ( NNS weeks ) ) ) ) ) ) ) ) ) )

Reports of an economy near recession come as officials prepare a major Communist Party plenum for sometime in the next few weeks


( S ( NP-SBJ-1 ( DT The ) ( NN meeting ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB call ) ( PP-CLR ( IN for ) ( NP ( NP ( VBN heightened ) ( NN austerity ) ) ( PP ( IN for ) ( NP ( CD two ) ( NNS years ) ) ) ) ) ) ) ) ) ) )

The meeting is expected to call for heightened austerity for two years


( S ( CC But ) ( SBAR-ADV ( IN with ) ( S ( S ( NP-SBJ ( JJ industrial ) ( NN growth ) ) ( ADJP-PRD ( JJ stagnant ) ) ) ( CC and ) ( S ( NP-SBJ ( NN inflation ) ) ( VP ( VBG showing ) ( NP ( NP ( NNS signs ) ) ( PP ( IN of ) ( NP ( VBG easing ) ) ) ) ) ) ) ) ( NP-SBJ ( DT some ) ( NNS voices ) ) ( VP ( MD may ) ( VP ( VB call ) ( PP-CLR ( IN for ) ( NP ( NP ( NNS measures ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB pump ) ( NP ( JJ new ) ( NN life ) ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ) ) ) ) ) ) )

But with industrial growth stagnant and inflation showing signs of easing some voices may call for measures to pump new life into the economy


( S ( NP-SBJ ( DT Some ) ( NNS analysts ) ) ( VP ( VBP believe ) ( SBAR ( S ( NP-SBJ-1 ( NNP China ) ) ( ADVP-TMP ( RB soon ) ) ( VP ( MD will ) ( VP ( VB begin ) ( S ( VP ( VBG relaxing ) ( NP ( JJ economic ) ( NNS controls ) ) ( PP-MNR ( ADVP ( RB particularly ) ) ( IN by ) ( S-NOM ( VP ( VBG loosening ) ( NP ( NN credit ) ) ) ) ) ) ) ) ) ) ) ) )

Some analysts believe China soon will begin relaxing economic controls particularly by loosening credit


( S ( NP-SBJ ( DT That ) ) ( VP ( MD would ) ( VP ( VB benefit ) ( NP ( NP ( NP ( JJ Chinese ) ( NNS enterprises ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( JJ Sino-foreign ) ( JJ joint ) ( NNS ventures ) ) ) ( SBAR ( WHNP-2 ( WHNP ( DT both ) ) ( WHPP ( IN of ) ( WHNP ( WDT which ) ) ) ) ( S ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN plagued ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS shortages ) ) ( PP ( IN of ) ( NP ( NN working ) ( NN capital ) ) ) ) ) ) ) ) ) ) ) ) ) )

That would benefit Chinese enterprises as well as Sino-foreign joint ventures both of which have been plagued by shortages of working capital


( S ( NP-SBJ-1 ( NP ( DT A ) ( JJ dangerous ) ( NN buildup ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( PP ( IN of ) ( NP ( NP ( NNS billions ) ) ( PP ( IN of ) ( NP ( NNS dollars ) ) ) ( PP ( IN in ) ( NP ( JJ inter-company ) ( NNS debts ) ) ) ) ) ) ( VP ( VBZ threatens ) ( SBAR-ADV ( IN if ) ( S ( ADJP-PRD ( JJ unchecked ) ) ) ) ( S ( VP ( TO to ) ( VP ( VB bring ) ( NP ( DT the ) ( NN economy ) ) ( PP-DIR ( TO to ) ( NP ( DT a ) ( NN collapse ) ) ) ) ) ) ) )

A dangerous buildup this year of billions of dollars in inter-company debts threatens if unchecked to bring the economy to a collapse


( S ( S-TPC-2 ( NP-SBJ ( NP ( CD One ) ( NN sign ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ possible ) ( VBG easing ) ) ( PP ( IN of ) ( NP ( NN credit ) ( NN policy ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( NN decision ) ) ( NP-TMP ( DT this ) ( NN week ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NP ( NNP People ) ( POS 's ) ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP China ) ) ) ) ( NP ( DT the ) ( JJ central ) ( NN bank ) ) ) ) ( S-3 ( VP ( TO to ) ( VP ( VB allocate ) ( NP ( NP ( QP ( CD 5.4 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( JJ short-term ) ( NNS loans ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NNS farmers ) ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NN autumn ) ( NN harvest ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ official ) ( NNP China ) ( NNP Daily ) ) ( VP ( VBD reported ) ) )

One sign of a possible easing of credit policy was the decision this week of People 's Bank of China the central bank to allocate 5.4 billion in short-term loans to pay farmers for the autumn harvest the official China Daily reported


( S ( CC But ) ( SBAR-ADV ( IN while ) ( S ( S-NOM-SBJ ( VP ( VBG pumping ) ( NP ( JJR more ) ( NN money ) ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ( VP ( MD would ) ( VP ( VB bring ) ( NP ( NN relief ) ) ( PP-DIR ( TO to ) ( NP ( JJ many ) ( NNS industries ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( ADVP ( RB also ) ) ( VP ( VBZ runs ) ( NP ( NP ( DT the ) ( NN risk ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG triggering ) ( NP ( NP ( DT another ) ( NN period ) ) ( PP ( IN of ) ( NP ( NP ( JJ runaway ) ( NN growth ) ) ( CC and ) ( NP ( JJ steep ) ( NN inflation ) ) ) ) ) ) ) ) ) ) )

But while pumping more money into the economy would bring relief to many industries it also runs the risk of triggering another period of runaway growth and steep inflation


( S ( NP-SBJ-1 ( DT The ) ( NN cycle ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN repeated ) ( NP-TMP ( JJ several ) ( NNS times ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ-2 ( NNP China ) ) ( VP ( VBD began ) ( S ( VP ( VBG reforming ) ( NP ( PRP$ its ) ( VBN planned ) ( NN economy ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1979 ) ) ) ) ) ) ) ) ) )

The cycle has been repeated several times since China began reforming its planned economy in 1979


( S ( S-TPC-1 ( CC And ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( NNP China ) ( POS 's ) ) ( NNS leaders ) ) ( VP ( VBP have ) ( VP ( VBN abandoned ) ( NP ( NNS plans ) ( S ( VP ( TO to ) ( ADVP ( RB drastically ) ) ( VP ( VB reform ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB continue ) ) ) ) ) ) ) ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP say ) ) )

And because China 's leaders have abandoned plans to drastically reform the economy it is likely to continue analysts say


( S ( NP-SBJ ( NP ( NP ( DT The ) ( JJ statistical ) ( NN bureau ) ( POS 's ) ) ( NN report ) ) ( VP ( VBN cited ) ( PP-LOC ( IN in ) ( NP ( NNP China ) ( NNP Daily ) ) ) ) ) ( VP ( VBZ notes ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( JJ industrial ) ( NN output ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ) ( VP ( NP ( VBD totaled ) ( NP ( QP ( CD 29.4 ) ( CD billion ) ) ) ) ( NP ( NP ( DT a ) ( NN rise ) ) ( PP ( IN of ) ( NP ( QP ( RB just ) ( CD 0.9 ) ) ( NN % ) ) ) ( PP ( IN from ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) ) )

The statistical bureau 's report cited in China Daily notes that industrial output in September totaled 29.4 billion a rise of just 0.9 % from a year earlier


( S ( NP-SBJ ( NN Output ) ) ( VP ( VBD declined ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ several ) ( NNS provinces ) ) ( PP ( VBG including ) ( NP ( NP ( NP ( NNP Jiangsu ) ( CC and ) ( NNP Zhejiang ) ) ( NP ( CD two ) ( JJ key ) ( JJ coastal ) ( NNS areas ) ) ) ( CC and ) ( NP ( NP ( NNP Sichuan ) ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJ agricultural ) ( NN breadbasket ) ) ) ) ) ) ) ) )

Output declined in several provinces including Jiangsu and Zhejiang two key coastal areas and Sichuan the nation 's agricultural breadbasket


( S ( NP-SBJ ( NP ( NN Production ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Shanghai ) ) ( NP ( NP ( NP ( NNP China ) ( POS 's ) ) ( JJ industrial ) ( NN powerhouse ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJS largest ) ( NN source ) ) ( PP ( IN of ) ( NP ( NN tax ) ( NN revenue ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ central ) ( NN government ) ) ) ) ) ) ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 1.8 ) ( NN % ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN month ) ) ) ) )

Production in Shanghai China 's industrial powerhouse and the largest source of tax revenue for the central government fell 1.8 % for the month


( S ( S-TPC-1 ( ADVP ( JJ Nationwide ) ) ( NP-SBJ ( NP ( NN output ) ) ( PP ( IN of ) ( NP ( JJ light ) ( JJ industrial ) ( NNS products ) ) ) ) ( VP ( VP ( VBD declined ) ( NP-EXT ( CD 1.8 ) ( NN % ) ) ) ( NP ( NP ( DT the ) ( JJ first ) ( NN decline ) ) ( PP-TMP ( IN in ) ( NP ( CD 10 ) ( NNS years ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN bureau ) ( NN spokesman ) ) ( VP ( VBD told ) ( NP ( NNP China ) ( NNP Daily ) ) ) )

Nationwide output of light industrial products declined 1.8 % the first decline in 10 years a bureau spokesman told China Daily


( S ( PP-LOC ( IN In ) ( NP ( DT an ) ( ADJP ( RB unusually ) ( JJ direct ) ) ( NN statement ) ) ) ( NP-SBJ ( DT the ) ( NN bureau ) ( NN spokesman ) ) ( VP ( VBD recommended ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NN state ) ( NNS banks ) ) ( VP ( VB extend ) ( NP ( JJR more ) ( NN credit ) ) ( PP-DTV ( TO to ) ( NP ( NNS shopkeepers ) ) ) ( SBAR-PRP ( IN so ) ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD can ) ( VP ( VB purchase ) ( NP ( NP ( NNS manufacturers ) ( POS ' ) ) ( NNS goods ) ) ) ) ) ) ) ) ) ) )

In an unusually direct statement the bureau spokesman recommended that state banks extend more credit to shopkeepers so that they can purchase manufacturers ' goods


( S ( S-TPC-2 ( NP-SBJ ( DT This ) ) ( VP ( MD will ) ( VP ( VB prevent ) ( NP ( NP ( DT a ) ( NN slide ) ) ( PP-LOC ( IN in ) ( NP ( JJ industrial ) ( NN production ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD will ) ( ADVP ( RB otherwise ) ) ( VP ( VB cause ) ( NP ( JJ new ) ( NN panic ) ( NNS buyings ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

This will prevent a slide in industrial production which will otherwise cause new panic buyings the spokesman said


( S ( NP-SBJ-2 ( NNP Harley-Davidson ) ( NNP Inc. ) ) ( VP ( VBD filed ) ( NP ( NN suit ) ) ( PP-LOC ( IN in ) ( NP ( JJ federal ) ( NN court ) ) ) ( ADVP-LOC ( RB here ) ) ( S-ADV ( VP ( VBG alleging ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT a ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ holds ) ( NP ( NP ( CD 6.2 ) ( NN % ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN stock ) ) ) ) ) ) ) ) ( VP ( VBN made ) ( NP ( ADJP ( JJ false ) ( JJ deceptive ) ( CC and ) ( JJ misleading ) ) ( NNS statements ) ) ( PP-LOC ( IN in ) ( NP ( JJ recent ) ( NX ( NX ( JJ regulatory ) ( NNS filings ) ) ( CC and ) ( NX ( JJ public ) ( NNS announcements ) ) ) ) ) ) ) ) ) ) ) )

Harley-Davidson Inc. filed suit in federal court here alleging that a group that holds 6.2 % of its stock made false deceptive and misleading statements in recent regulatory filings and public announcements


( S ( NP-SBJ ( NP ( NNP Harley-Davidson ) ( POS 's ) ) ( NN complaint ) ) ( VP ( VBZ claims ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NN group ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NN investor ) ( NNP Malcolm ) ( NNP I. ) ( NNP Glazer ) ) ) ) ) ( VP ( VBD violated ) ( NP ( NNS securities ) ( NNS laws ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG failing ) ( S ( VP ( TO to ) ( VP ( VB disclose ) ( NP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB purchase ) ( NP ( NP ( CD 15 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( SBAR-TMP ( WHADVP-4 ( WRB when ) ) ( S ( NP-SBJ-1 ( DT the ) ( VBN required ) ( JJ Hart-Scott-Rodino ) ( NN filing ) ) ( ADVP ( RB eventually ) ) ( VP ( VBD was ) ( VP ( VBN made ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB disclose ) ( NP ( NP ( NP ( DT the ) ( NN group ) ( POS 's ) ) ( JJ alleged ) ( JJR earlier ) ( NN violation ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ so-called ) ( JJ prior-notice ) ( NNS requirements ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN law ) ) ) ) ) ) ) ) ) ) ) ) )

Harley-Davidson 's complaint claims that the group led by investor Malcolm I. Glazer violated securities laws by failing to disclose plans to purchase 15 % of the company 's shares outstanding and that when the required Hart-Scott-Rodino filing eventually was made it did n't disclose the group 's alleged earlier violation of the so-called prior-notice requirements of the law


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Glazer ) ) ( VP ( MD could ) ( RB n't ) ( ADVP-TMP ( RB immediately ) ) ( VP ( VB be ) ( VP ( VBN reached ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VB comment ) ) ) ) ) ) ) )

Mr. Glazer could n't immediately be reached to comment


( S ( CC But ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NNP Harley ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ( ADVP-MNR ( RB publicly ) ) ( VP ( VBD questioned ) ( NP ( NP ( DT the ) ( NN legality ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN group ) ( POS 's ) ) ( NN filing ) ( NNS procedures ) ) ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( NAC-LOC ( NNP Rochester ) ( NNP N.Y. ) ) ( NN investor ) ) ( VP ( VBD said ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBD complied ) ( PP-CLR ( IN with ) ( NP ( DT every ) ( NN law ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD denied ) ( NP ( DT any ) ( NN wrongdoing ) ) ) ) )

But when Harley last week publicly questioned the legality of the group 's filing procedures the Rochester N.Y. investor said we complied with every law and he denied any wrongdoing


( S ( NP-SBJ ( DT The ) ( NNP Glazer ) ( NN group ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NNP Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ( NN filing ) ) ) ( PP-TMP ( IN in ) ( NP ( JJ early ) ( NNP October ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD may ) ( VP ( VP ( VB seek ) ( NP ( NP ( DT a ) ( NN controlling ) ( NN interest ) ) ( PP-LOC ( IN in ) ( NP ( NNP Harley-Davidson ) ) ) ) ) ( CC or ) ( VP ( VB seek ) ( NP ( NP ( NN representation ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN board ) ) ) ) ) ) ) ) ) ) )

The Glazer group said in a Securities and Exchange Commission filing in early October that it may seek a controlling interest in Harley-Davidson or seek representation on the company 's board


( S ( NP-SBJ ( NNP Harley ) ) ( VP ( VBZ has ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB intend ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN acquired ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP Glazer ) ( NN group ) ) ( CC or ) ( NP ( DT any ) ( JJ other ) ( NN party ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Harley has said it does n't intend to be acquired by the Glazer group or any other party


( S ( PP-TMP ( RB Ever ) ( IN since ) ( NP ( NP ( DT the ) ( ADJP ( RB hotly ) ( VBN contested ) ) ( NP ( NNP America ) ( POS 's ) ) ( NNP Cup ) ( NN race ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ( NP-SBJ ( DT the ) ( JJ famous ) ( NN yachting ) ( NN match ) ) ( VP ( VBZ has ) ( VP ( VBN run ) ( PP-DIR ( IN into ) ( NP ( NP ( JJR more ) ( JJ rough ) ( NN sailing ) ) ( PP-LOC ( IN out ) ( PP ( IN of ) ( NP ( DT the ) ( NN water ) ) ) ) ( PP ( IN than ) ( PP-LOC ( IN in ) ( NP ( PRP it ) ) ) ) ) ) ) ) )

Ever since the hotly contested America 's Cup race last year the famous yachting match has run into more rough sailing out of the water than in it


( S ( ADVP-TMP ( RB Now ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT a ) ( JJ key ) ( NN member ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP San ) ( NNP Diego ) ( NNP Yacht ) ( NNP Club ) ( NN team ) ) ) ) ( VP ( VBZ is ) ( VP ( JJ splitting ) ( PRT ( RP off ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB form ) ( NP ( PRP$ his ) ( JJ own ) ( NN team ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( RB even ) ( JJR more ) ( NN competition ) ) ( VP ( VBZ lies ) ( ADVP-LOC ( RB ahead ) ) ) )

Now that a key member of the San Diego Yacht Club team is splitting off to form his own team even more competition lies ahead


( S ( NP-SBJ-1 ( NP ( NNP Peter ) ( NNP Isler ) ) ( NP ( NP ( DT the ) ( VBG winning ) ( NN navigator ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ past ) ( CD two ) ( NP ( NNP America ) ( POS 's ) ) ( NNP Cup ) ( NNS challenges ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN split ) ( PP-CLR ( IN from ) ( NP ( NP ( DT the ) ( NN team ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Dennis ) ( NNP Conner ) ) ( NP ( NP ( NN skipper ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ victorious ) ( NNP Stars ) ( CC & ) ( NNP Stripes ) ) ) ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB form ) ( NP ( NP ( PRP$ his ) ( JJ own ) ( NN team ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ next ) ( NN contest ) ) ( PP-TMP ( IN in ) ( NP ( CD 1992 ) ) ) ) ) ) ) ) ) ) ) )

Peter Isler the winning navigator in the past two America 's Cup challenges has split from the team led by Dennis Conner skipper of the victorious Stars & Stripes to form his own team for the next contest in 1992


( S ( CC And ) ( PP ( IN in ) ( NP ( NP ( NN addition ) ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( NN crack ) ( NN team ) ) ( PP ( IN of ) ( NP ( NNS sailors ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Isler ) ) ( VP ( VBZ has ) ( VP ( VBN lined ) ( PRT ( RP up ) ) ( NP ( NP ( DT some ) ( JJ real ) ( NN brass ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB help ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VB finance ) ( NP ( DT the ) ( NN syndicate ) ) ) ) ) ) ) ) ) ) ) )

And in addition to a crack team of sailors Mr. Isler has lined up some real brass to help him finance the syndicate


( S ( NP-SBJ ( NP ( NNP Isler ) ( NNP Sailing ) ( NNP International ) ( POS 's ) ) ( JJ advisory ) ( NN board ) ) ( VP ( VBZ includes ) ( NP ( NP ( NP ( NNP Ted ) ( NNP Turner ) ) ( NP ( NP ( NNP Turner ) ( NNP Broadcasting ) ( NN chairman ) ) ( CC and ) ( NP ( DT a ) ( JJ former ) ( NNP Cup ) ( NN victor ) ) ) ) ( NP ( NP ( NNP Peter ) ( NNP G. ) ( NNP Diamandis ) ) ( NP ( NP ( NN head ) ) ( PP ( IN of ) ( NP ( NNP Diamandis ) ( NNP Communications ) ) ) ) ) ( CC and ) ( NP ( NP ( NNP Joseph ) ( NNP B. ) ( NNP Vittoria ) ) ( NP ( NP ( NP ( NN chairman ) ) ( CC and ) ( NP ( JJ chief ) ( NN executive ) ) ) ( PP ( IN of ) ( NP ( NNP Avis ) ( NNP Inc ) ) ) ) ) ) ) )

Isler Sailing International 's advisory board includes Ted Turner Turner Broadcasting chairman and a former Cup victor Peter G. Diamandis head of Diamandis Communications and Joseph B. Vittoria chairman and chief executive of Avis Inc


( S ( NP-SBJ ( PRP$ His ) ( NN steering ) ( NN committee ) ) ( VP ( VBZ includes ) ( NP ( NP ( JJ other ) ( JJ notable ) ( NNS businessmen ) ) ( PP ( VBG including ) ( NP ( DT the ) ( NNP California ) ( NN investor ) ( CC and ) ( JJ old ) ( NN salt ) ( NNP Roy ) ( NNP E. ) ( NNP Disney ) ) ) ) ) )

His steering committee includes other notable businessmen including the California investor and old salt Roy E. Disney


( S ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP have ) ( NP ( DT the ) ( NN structure ) ( NNS people ) ( CC and ) ( NN plan ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Isler ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN statement ) ) ) ) )

We have the structure people and plan Mr. Isler said in a statement


( S ( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ ( NP ( DT the ) ( JJ first ) ( NN order ) ) ( PP ( IN of ) ( NP ( NN business ) ) ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( VBG raising ) ( NP ( NP ( JJ enough ) ( NN money ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB keep ) ( S ( NP-SBJ ( PRP$ his ) ( NN team ) ) ( ADJP-PRD ( RB afloat ) ) ) ) ) ) ) ) ) ) ) ) ( S ( S ( NP-SBJ ( DT a ) ( JJ new ) ( NN yacht ) ) ( VP ( MD will ) ( VP ( VB cost ) ( NP ( QP ( RB about ) ( CD 3 ) ( CD million ) ) ) ( ADVP ( RB alone ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NN sailing ) ( NN syndicate ) ( NNS budgets ) ) ( VP ( MD can ) ( ADVP-MNR ( RB easily ) ) ( VP ( VB run ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 25 ) ( CD million ) ) ) ) ( PP-PRP ( IN for ) ( NP ( DT a ) ( NNP Cup ) ( NN challenge ) ) ) ) ) ) ) )

Now the first order of business is raising enough money to keep his team afloat a new yacht will cost about 3 million alone and sailing syndicate budgets can easily run to 25 million for a Cup challenge


( S ( NP-SBJ ( DT The ) ( NN split ) ) ( VP ( VBZ comes ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN midst ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN court ) ( NN battle ) ) ( PP ( IN over ) ( SBAR ( IN whether ) ( S ( NP-SBJ-1 ( DT the ) ( NNP San ) ( NNP Diego ) ( NNP Yacht ) ( NNP Club ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN allowed ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( NP ( NP ( DT the ) ( JJ international ) ( NN trophy ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG sailing ) ( NP ( DT a ) ( NN catamaran ) ) ( PP ( IN against ) ( NP ( NP ( DT the ) ( NNP New ) ( NNP Zealand ) ( NNS challengers ) ( POS ' ) ) ( JJ 90-foot ) ( NN monohull ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The split comes in the midst of a court battle over whether the San Diego Yacht Club should be allowed to keep the international trophy for sailing a catamaran against the New Zealand challengers ' 90-foot monohull


( S ( PP-TMP ( IN In ) ( NP ( NNP September ) ) ) ( NP-SBJ ( NP ( DT a ) ( NNP New ) ( NNP York ) ) ( JJ appellate ) ( NN court ) ) ( VP ( VBD overturned ) ( NP ( NP ( DT a ) ( NN state ) ( NN judge ) ( POS 's ) ) ( NN ruling ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD awarded ) ( NP ( DT the ) ( NNP Cup ) ) ( PP-DTV ( TO to ) ( NP ( DT the ) ( NNP New ) ( NNP Zealand ) ( NN team ) ) ) ) ) ) ) ) )

In September a New York appellate court overturned a state judge 's ruling that awarded the Cup to the New Zealand team


( S ( PP ( VBG Pending ) ( NP ( NP ( DT an ) ( NN appeal ) ) ( PP ( IN by ) ( NP ( NP ( DT the ) ( NNP New ) ( NNP Zealand ) ( NN team ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NNP Michael ) ( NNP Fay ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NP ( DT the ) ( NNS finals ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ next ) ( NNP Cup ) ( NN challenge ) ) ) ) ( VP ( VBP are ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN held ) ( PP-TMP ( IN in ) ( NP ( NN mid-1992 ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP San ) ( NNP Diego ) ) ) ) ) ) ) ) ) )

Pending an appeal by the New Zealand team led by Michael Fay the finals for the next Cup challenge are scheduled to be held in mid-1992 in San Diego


( S ( CC But ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( NN uncertainty ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN outcome ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN suit ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Conner ) ( POS 's ) ) ( NN team ) ) ( VP ( VBZ has ) ( VP ( VBN done ) ( NP ( NP ( JJ little ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB begin ) ( S ( VP ( VBG gearing ) ( PRT ( RP up ) ) ( S ( VP ( TO to ) ( VP ( VB defend ) ( NP ( PRP$ its ) ( NN title ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But because of the uncertainty of the outcome of the suit Mr. Conner 's team has done little to begin gearing up to defend its title


( SINV ( S-TPC-3 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB know ) ( SBAR ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS rules ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN game ) ) ) ) ( VP ( VBP are ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ hard ) ) ( S-2 ( VP ( TO to ) ( VP ( VB start ) ( NP ( PRP$ your ) ( NN fund-raising ) ( CC or ) ( NN design ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Dana ) ( NNP Smith ) ) ( NP ( NP ( DT an ) ( NN official ) ) ( PP ( IN with ) ( NP ( NNP Team ) ( NNP Dennis ) ( NNP Conner ) ) ) ) ) )

If you do n't know what the rules of the game are it 's hard to start your fund-raising or design said Dana Smith an official with Team Dennis Conner


( S ( S ( S-TPC-4 ( NP-SBJ-3 ( DT The ) ( NNP Conner ) ( NN team ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB negotiate ) ( PP-CLR ( IN with ) ( NP ( JJ corporate ) ( NNS sponsors ) ) ) ) ) ) ) ( SBAR-TMP ( IN until ) ( S ( S ( NP-SBJ-1 ( DT the ) ( NN suit ) ) ( VP ( VBZ is ) ( VP ( VBN resolved ) ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( DT the ) ( NN race ) ( NN site ) ) ( VP ( VBZ is ) ( VP ( VBN determined ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Smith ) ) ( VP ( VBD said ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT the ) ( NN syndicate ) ( POS 's ) ) ( NN budget ) ) ( VP ( MD could ) ( ADVP-MNR ( RB easily ) ) ( VP ( VB reach ) ( NP ( QP ( CD 30 ) ( CD million ) ) ) ) ) ) )

The Conner team wo n't be able to negotiate with corporate sponsors until the suit is resolved and the race site is determined Mr. Smith said and the syndicate 's budget could easily reach 30 million


( S ( CC But ) ( NP-SBJ ( NP ( NNS spokesmen ) ) ( PP ( IN for ) ( NP ( DT both ) ( NP ( NNP Mr. ) ( NNP Isler ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Conner ) ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN formation ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ new ) ( NN syndicate ) ) ) ) ( VP ( VBZ has ) ( S-CLR ( VP ( TO to ) ( VP ( VB do ) ( PP-CLR ( IN with ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Isler ) ( POS 's ) ) ( NN desire ) ( S ( VP ( TO to ) ( VP ( VP ( VB skipper ) ( NP ( PRP$ his ) ( JJ own ) ( NN team ) ) ) ( CC and ) ( VP ( VB begin ) ( S ( VP ( VBG planning ) ( ADVP-TMP ( RB now ) ) ) ) ) ) ) ) ) ( CONJP ( RB rather ) ( IN than ) ) ( NP ( NP ( DT any ) ( VBG falling ) ( RP out ) ) ( PP ( IN between ) ( NP ( DT the ) ( CD two ) ( NNS sportsmen ) ) ) ) ) ) ) ) ) ) ) ) ) )

But spokesmen for both Mr. Isler and Mr. Conner say the formation of the new syndicate has to do with Mr. Isler 's desire to skipper his own team and begin planning now rather than any falling out between the two sportsmen


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Smith ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNP America ) ( POS 's ) ) ( NNP Cup ) ( NNP Organizing ) ( NNP Committee ) ) ) ) ) ( VP ( VBP insist ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( VBN added ) ( NN competition ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN defender ) ( POS 's ) ) ( NN spot ) ) ) ) ( VP ( MD will ) ( ADVP ( RB only ) ) ( VP ( VB improve ) ( NP ( DT the ) ( NN race ) ) ) ) ) ) ) )

Mr. Smith and a spokesman for the America 's Cup Organizing Committee insist that the added competition for the defender 's spot will only improve the race


( S ( NP-SBJ ( NNP Millicom ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( CD two ) ( NNS companies ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB receive ) ( NP ( DT a ) ( NN license ) ( S ( VP ( TO to ) ( VP ( VB introduce ) ( CC and ) ( VB operate ) ( NP ( DT a ) ( JJ cellular ) ( JJ mobile ) ( NN telephone ) ( NN system ) ) ( PP-LOC ( IN in ) ( NP ( NNP Pakistan ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Millicom Inc. said it is one of two companies to receive a license to introduce and operate a cellular mobile telephone system in Pakistan


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN market ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NN start-up ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN estimated ) ( PP-CLR ( IN at ) ( NP ( CD 25,000 ) ( NNS subscribers ) ) ) ) ) )

The market during the start-up is estimated at 25,000 subscribers


( S ( NP-SBJ ( NP ( DT A ) ( NN spokeswoman ) ) ( PP ( IN for ) ( NP ( NP ( NNP Millicom ) ) ( NP ( DT a ) ( NNS telecommunications ) ( NN company ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB know ) ( NP ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN contract ) ) ) ) ) ) ) ) ) )

A spokeswoman for Millicom a telecommunications company said she did n't know the value of the contract


( S ( NP-SBJ ( NP ( NNP Cable ) ( CC & ) ( NNP Wireless ) ( NNP PLC ) ) ( PP ( IN of ) ( NP ( NNP Britain ) ) ) ) ( VP ( VBD won ) ( NP ( DT the ) ( JJ other ) ( NN license ) ) ) )

Cable & Wireless PLC of Britain won the other license


( S ( NP-SBJ ( NNP Millicom ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB build ) ( CC and ) ( VB operate ) ( NP ( NP ( DT the ) ( NN system ) ) ( PP-LOC ( IN in ) ( NP ( NNP Pakistan ) ) ) ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP Comvik ) ( NNP International ) ( NNP AB ) ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Kinnevik ) ( NN group ) ) ( PP ( IN of ) ( NP ( NNP Sweden ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NNP Arfeen ) ( NNP International ) ) ( NP-LOC ( NNP Pakistan ) ) ) ) ) ) ) ) ) ) )

Millicom said it would build and operate the system in Pakistan with Comvik International AB part of the Kinnevik group of Sweden and Arfeen International Pakistan


( S ( SBAR-ADV ( IN IF ) ( S ( NP-SBJ ( PRP YOU ) ) ( VP ( VBP FORCE ) ( S ( NP-SBJ ( JJ financial ) ( NNS planners ) ) ( VP ( TO to ) ( VP ( VB sum ) ( PRT ( RP up ) ) ( NP ( PRP$ their ) ( ADJP ( RBS most ) ( JJ important ) ) ( NN advice ) ) ( PP-MNR ( IN in ) ( NP ( DT a ) ( JJ single ) ( NN sentence ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( ADVP ( RB probably ) ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( JJ one-word ) ( NN sentence ) ) ( S ( VP ( VB Diversify ) ) ) ) ) ) )

IF YOU FORCE financial planners to sum up their most important advice in a single sentence it would probably be a one-word sentence Diversify


( S ( S-ADV ( VP ( VBG Judging ) ( PP-MNR ( IN by ) ( NP ( NP ( DT a ) ( NN poll ) ) ( PP ( IN of ) ( NP ( NNP Wall ) ( NNP Street ) ( NNP Journal ) ( NNS readers ) ) ) ( VP ( VBN conducted ) ( NP-TMP ( DT this ) ( NN summer ) ) ( PP ( IN by ) ( NP-LGS ( NNP Erdos ) ( CC & ) ( NNP Morgan ) ( NNP Inc. ) ) ) ) ) ) ) ) ( NP-SBJ ( JJ serious ) ( NNS investors ) ) ( VP ( VBP have ) ( VP ( VBN taken ) ( NP ( DT that ) ( NN advice ) ) ( PP-CLR ( TO to ) ( NP ( NN heart ) ) ) ) ) )

Judging by a poll of Wall Street Journal readers conducted this summer by Erdos & Morgan Inc. serious investors have taken that advice to heart


( S ( NP-SBJ ( QP ( RB Nearly ) ( CD 1,000 ) ) ( NNS investors ) ) ( VP ( VBN responded ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NNP Journal ) ( POS 's ) ) ( NN poll ) ) ) ( S-ADV ( VP ( VBG providing ) ( NP ( NP ( DT an ) ( JJ in-depth ) ( NN look ) ) ( PP ( IN at ) ( NP ( PRP$ their ) ( NNS portfolios ) ) ) ) ) ) ) )

Nearly 1,000 investors responded to the Journal 's poll providing an in-depth look at their portfolios


( S ( NP-SBJ ( DT Those ) ( NNS portfolios ) ) ( VP ( VBP are ) ( ADJP-PRD ( RB remarkably ) ( VBN diversified ) ) ) )

Those portfolios are remarkably diversified


( S ( PP-MNR ( IN By ) ( S-NOM ( VP ( VBG spreading ) ( NP ( PRP$ their ) ( NN wealth ) ) ( PP-CLR ( IN among ) ( NP ( JJ several ) ( NN investment ) ( NNS alternatives ) ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NNS respondents ) ) ( VP ( VBP have ) ( VP ( VBN protected ) ( NP ( PRP themselves ) ) ( PP-CLR ( IN against ) ( NP ( NP ( NNS squalls ) ) ( PP-LOC ( IN in ) ( NP ( DT any ) ( CD one ) ( NN area ) ) ) ) ) ( SINV-ADV ( VB be ) ( NP-SBJ ( PRP it ) ) ( NP-PRD ( NP ( NNS stocks ) ) ( NP ( NNS bonds ) ) ( CC or ) ( NP ( JJ real ) ( NN estate ) ) ) ) ) ) )

By spreading their wealth among several investment alternatives the respondents have protected themselves against squalls in any one area be it stocks bonds or real estate


( S ( PP ( IN For ) ( NP ( NN example ) ) ) ( NP-SBJ ( NP ( QP ( RB about ) ( CD 88 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NNP Journal ) ( NNS readers ) ) ) ) ( VP ( VBD owned ) ( NP ( NN stock ) ) ( PRN ( ADVP ( RB down ) ( ADVP ( RB slightly ) ) ( PP ( IN from ) ( NP ( NP ( CD 91 ) ( NN % ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ similar ) ( NN poll ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) ) ) ) )

For example about 88 % of Journal readers owned stock down slightly from 91 % in a similar poll last year


( S ( CC But ) ( NP-SBJ ( QP ( RB only ) ( CD 17.5 ) ) ( NN % ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD had ) ( NP ( QP ( JJR more ) ( IN than ) ( PDT half ) ) ( PRP$ their ) ( NN money ) ) ( PP-LOC-CLR ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ) )

But only 17.5 % said they had more than half their money in the stock market


( S ( ADVP ( RB Similarly ) ) ( S ( NP-SBJ ( NP ( CD 57 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NNS respondents ) ) ) ) ( VP ( JJ own ) ( NP ( NP ( NNS shares ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ money-market ) ( JJ mutual ) ( NN fund ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( CD 33 ) ( NN % ) ) ( VP ( JJ own ) ( NP ( JJ municipal ) ( NNS bonds ) ) ) ) )

Similarly 57 % of respondents own shares in a money-market mutual fund and 33 % own municipal bonds


( S ( CC But ) ( NP-SBJ ( NP ( QP ( RB only ) ( CD 6 ) ( NN % ) ( TO to ) ( CD 7 ) ( NN % ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS investors ) ) ) ) ( VP ( VBD were ) ( VP ( VBG committing ) ( NP ( QP ( JJR more ) ( IN than ) ( PDT half ) ) ( PRP$ their ) ( NNS funds ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT either ) ) ( PP ( IN of ) ( NP ( DT those ) ( NNS alternatives ) ) ) ) ) ) ) )

But only 6 % to 7 % of the investors were committing more than half their funds to either of those alternatives


( S ( NP-SBJ ( NP ( DT The ) ( NN poll ) ) ( VP ( VBD conducted ) ( NP-TMP ( NNP Aug. ) ( CD 7-28 ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBZ provides ) ( NP ( NP ( DT a ) ( NN glimpse ) ) ( PP ( IN into ) ( NP ( NP ( DT the ) ( NN thinking ) ) ( PP ( IN of ) ( NP ( JJ serious ) ( NNS investors ) ) ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NN variety ) ) ( PP ( IN of ) ( NP ( JJ other ) ( NNS topics ) ) ) ) ) ) ) ) ) )

The poll conducted Aug. 7-28 also provides a glimpse into the thinking of serious investors on a variety of other topics


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD found ) ( S ( NP-SBJ ( PRP them ) ) ( PP-PRD ( IN in ) ( NP ( DT a ) ( ADJP ( ADJP ( JJ cautious ) ) ( CC but ) ( ADJP ( RB not ) ( JJ downbeat ) ) ) ( NN mood ) ) ) ) ) )

It found them in a cautious but not downbeat mood


( S ( PP-TPC-1 ( IN Of ) ( NP ( NP ( CD 1,500 ) ( NNS people ) ) ( VP ( VBN sent ) ( NP ( DT a ) ( NN questionnaire ) ) ) ) ) ( NP-SBJ ( NP ( CD 951 ) ) ) ( VP ( VBD replied ) ) )

Of 1,500 people sent a questionnaire 951 replied


( S ( NP-SBJ ( NP ( DT The ) ( NN response ) ( NN rate ) ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 63 ) ) ( NN % ) ) ) ( VP ( VBZ allows ) ( S ( NP-SBJ-1 ( DT the ) ( NNS results ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN interpreted ) ( PP-MNR ( IN with ) ( NP ( NP ( DT a ) ( JJ high ) ( NN degree ) ) ( PP ( IN of ) ( NP ( NN confidence ) ) ) ) ) ) ) ) ) ) )

The response rate more than 63 % allows the results to be interpreted with a high degree of confidence


( S ( NP-SBJ-1 ( DT The ) ( NNS results ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN extrapolated ) ( PP-CLR ( TO to ) ( NP ( DT all ) ( NNS investors ) ) ) ( ADVP ( RB though ) ) ) ) ) )

The results ca n't be extrapolated to all investors though


( S ( NP-SBJ ( NNP Journal ) ( NNS readers ) ) ( VP ( VBP are ) ( ADJP-PRD ( RB relatively ) ( JJ affluent ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ median ) ( NN household ) ( NN income ) ) ( PP ( IN of ) ( NP ( QP ( IN between ) ( CD 75,000 ) ( CC and ) ( CD 99,000 ) ) ) ) ) ) ) )

Journal readers are relatively affluent with a median household income of between 75,000 and 99,000


( S ( S ( NP-SBJ ( NP ( QP ( RB Nearly ) ( NN half ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS respondents ) ) ) ( PRN ( NP ( CD 47 ) ( NN % ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ their ) ( NN investment ) ( NN portfolio ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ worth ) ( NP ( CD 250,000 ) ( QP ( CC or ) ( JJR more ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( CD 17 ) ( NN % ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ worth ) ( NP ( QP ( CD 1 ) ( CD million ) ) ( QP ( CC or ) ( JJR more ) ) ) ) ) ) ) ) ) )

Nearly half of the respondents 47 % said their investment portfolio was worth 250,000 or more and 17 % said it was worth 1 million or more


( S ( S ( NP-SBJ ( DT The ) ( NNS respondents ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB mildly ) ( JJ optimistic ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( NN economy ) ) ( CC and ) ( NP ( NN investment ) ( NNS markets ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP$ their ) ( JJ collective ) ( NNS judgments ) ) ( VP ( VBD were ) ( ADJP-PRD ( ADJP ( NP-ADV ( DT a ) ( NN notch ) ) ( RBR more ) ( JJ sober ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) ) ) ) ) )

The respondents were mildly optimistic about the economy and investment markets but their collective judgments were a notch more sober than they were a year ago


( S ( PP ( IN For ) ( NP ( NN example ) ) ) ( NP-SBJ ( NP ( CD 12 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT this ) ( NN year ) ( POS 's ) ) ( NNS respondents ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP expect ) ( NP ( NP ( DT a ) ( NN recession ) ) ( PP-TMP ( IN within ) ( NP ( CD 12 ) ( NNS months ) ) ) ) ) ) ) ) )

For example 12 % of this year 's respondents said they expect a recession within 12 months


( S ( NP-TMP ( JJ Last ) ( NN year ) ) ( NP-SBJ ( QP ( RB only ) ( CD 8 ) ) ( NN % ) ) ( VP ( VBD were ) ( VP ( VBG expecting ) ( NP ( DT a ) ( NN recession ) ) ) ) )

Last year only 8 % were expecting a recession


( S ( NP-SBJ ( NP ( DT An ) ( JJ additional ) ( CD 56 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT this ) ( NN year ) ( POS 's ) ) ( NNS respondents ) ) ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( DT the ) ( NN economy ) ) ( VP ( TO to ) ( VP ( VB slow ) ( PRT ( RP down ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( JJ next ) ( CD 12 ) ( NNS months ) ) ) ) ) ) ) )

An additional 56 % of this year 's respondents expect the economy to slow down during the next 12 months


( S ( NP-SBJ ( NP ( QP ( RB Only ) ( CD 42 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( JJ last ) ( NN year ) ( POS 's ) ) ( NNS respondents ) ) ) ) ( VP ( VBD anticipated ) ( NP ( VBG slowing ) ( NN growth ) ) ) )

Only 42 % of last year 's respondents anticipated slowing growth


( S ( ADVP ( RB Apparently ) ) ( NP-SBJ ( DT the ) ( NNS respondents ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT an ) ( JJ economic ) ( NN slowdown ) ) ( VP ( MD would ) ( VP ( VB harm ) ( NP ( DT the ) ( JJ major ) ( NN investment ) ( NNS markets ) ) ( ADVP ( RB very ) ( RB much ) ) ) ) ) ) ) ) )

Apparently the respondents do n't think that an economic slowdown would harm the major investment markets very much


( S ( NP-SBJ ( NP ( DT A ) ( JJ slim ) ( NN majority ) ) ( PRN ( NP ( CD 51 ) ( NN % ) ) ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( NN stock ) ( NNS prices ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( ADJP ( JJR higher ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ( CD 1990 ) ) ) ( SBAR-1 ( IN than ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ( CD 1989 ) ) ) ) ) ) ) ) ) ) ) )

A slim majority 51 % think stock prices will be higher in August 1990 than they were in August 1989


( S ( NP-SBJ ( NP ( PRP$ Their ) ( NN verdict ) ) ( PP ( IN on ) ( NP ( JJ real ) ( NN estate ) ) ) ) ( VP ( VBZ is ) ( ADVP ( RB almost ) ) ( NP-PRD ( DT the ) ( JJ same ) ) ) )

Their verdict on real estate is almost the same


( S ( NP-SBJ ( QP ( DT Some ) ( CD 50 ) ) ( NN % ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( NP ( JJ real ) ( NN estate ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( JJ local ) ( NN area ) ) ) ) ( VP ( TO to ) ( VP ( VB increase ) ( PP-MNR ( IN in ) ( NP ( NN value ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ next ) ( CD 12 ) ( NNS months ) ) ) ) ) ) ) )

Some 50 % expect real estate in their local area to increase in value over the next 12 months


( S ( PP ( IN By ) ( NP ( NN contrast ) ) ) ( NP-SBJ ( QP ( RB only ) ( CD 32 ) ) ( NN % ) ) ( VP ( VBP expect ) ( NP ( NP ( DT an ) ( NN increase ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN price ) ) ( PP ( IN of ) ( NP ( NN gold ) ) ) ) ) ) ) )

By contrast only 32 % expect an increase in the price of gold