( S ( PP-TMP ( IN For ) ( NP ( DT a ) ( NN while ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NNS 1970s ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD seemed ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Moon ) ) ( VP ( VBD was ) ( PP-PRD ( IN on ) ( NP ( DT a ) ( JJ spending ) ( NN spree ) ) ) ( PP ( IN with ) ( NP ( NP ( JJ such ) ( NNS purchases ) ) ( PP ( IN as ) ( NP ( NP ( NP ( DT the ) ( JJ former ) ( NNP New ) ( NNP Yorker ) ( NNP Hotel ) ) ( CC and ) ( NP ( PRP$ its ) ( JJ adjacent ) ( NNP Manhattan ) ( NNP Center ) ) ) ( NP ( NP ( DT a ) ( JJ fishing\/processing ) ( NN conglomerate ) ) ( PP ( IN with ) ( NP ( NP ( NNS branches ) ) ( PP-LOC ( IN in ) ( NP ( NNP Alaska ) ( NNP Massachusetts ) ( NNP Virginia ) ( CC and ) ( NNP Louisiana ) ) ) ) ) ) ( NP ( NP ( NP ( DT a ) ( JJ former ) ( NNP Christian ) ( NNPS Brothers ) ( NN monastery ) ) ( CC and ) ( NP ( DT the ) ( NNP Seagram ) ( NN family ) ( NN mansion ) ) ) ( PRN ( S-ADV ( NP-SBJ ( DT both ) ) ( ADJP-PRD ( RB picturesquely ) ( VBN situated ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP Hudson ) ( NNP River ) ) ) ) ) ) ) ( NP ( NP ( NNS shares ) ) ( PP ( IN in ) ( NP ( NP ( NNS banks ) ) ( PP-LOC ( PP ( IN from ) ( NP ( NNP Washington ) ) ) ( PP ( TO to ) ( NP ( NNP Uruguay ) ) ) ) ) ) ) ( NP ( DT a ) ( NN motion ) ( NN picture ) ( NN production ) ( NN company ) ) ( CC and ) ( NP ( NP ( NNS newspapers ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( DT the ) ( NNP Washington ) ( NNP Times ) ) ( NP ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP City ) ( NNP Tribune ) ) ( PRN ( ADVP-TMP ( RB originally ) ) ( NP ( DT the ) ( NNP News ) ( NNP World ) ) ) ) ( CC and ) ( NP ( DT the ) ( JJ successful ) ( JJ Spanish-language ) ( NNP Noticias ) ( FW del ) ( NNP Mundo ) ) ) ) ) ) ) ) ) ) ) ) ) )

For a while in the 1970s it seemed Mr. Moon was on a spending spree with such purchases as the former New Yorker Hotel and its adjacent Manhattan Center a fishing\/processing conglomerate with branches in Alaska Massachusetts Virginia and Louisiana a former Christian Brothers monastery and the Seagram family mansion both picturesquely situated on the Hudson River shares in banks from Washington to Uruguay a motion picture production company and newspapers such as the Washington Times the New York City Tribune originally the News World and the successful Spanish-language Noticias del Mundo


( S ( ADVP ( RB Yet ) ) ( NP-SBJ ( DT these ) ( NNS purchases ) ) ( VP ( MD can ) ( VP ( VB be ) ( ADJP-PRD ( JJ misleading ) ) ) ) )

Yet these purchases can be misleading


( S ( NP-SBJ-191 ( JJS Most ) ) ( VP ( VBD were ) ( VP ( VBN obtained ) ( PP-CLR ( IN with ) ( NP ( NP ( NP ( JJ huge ) ( NNS inputs ) ) ( PP ( IN of ) ( NP ( NN church ) ( NN money ) ) ) ( PP ( IN from ) ( NP ( NP ( NNP South ) ( NNP Korea ) ) ( CC and ) ( NP ( NNP Japan ) ) ) ) ) ( NP ( NN minimum ) ( NN cash ) ( NNS downpayments ) ) ( CC and ) ( NP ( JJ sizable ) ( NNS mortgages ) ) ) ) ) ) )

Most were obtained with huge inputs of church money from South Korea and Japan minimum cash downpayments and sizable mortgages


( S ( S ( NP-SBJ ( NP ( DT Those ) ( NNS teams ) ) ( PP ( IN of ) ( NP ( NP ( JJ young ) ( NNS fund-raisers ) ) ( VP ( VP ( VBG selling ) ( NP ( NP ( NNS flowers ) ) ( NP ( NNS peanuts ) ) ) ) ( CC or ) ( VP ( VBG begging ) ( ADVP-MNR ( RB outright ) ) ( PP-LOC ( IN at ) ( NP ( NN traffic ) ( NNS intersections ) ) ) ) ) ) ) ) ( VP ( VBN brought ) ( PP-DIR ( RP in ) ( NP ( NP ( QP ( RB somewhere ) ( IN near ) ( CD 20 ) ( CD million ) ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( JJ mid-to-late ) ( NNS 1970s ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT those ) ( NNS revenues ) ) ( VP ( VBD were ) ( NP-PRD ( DT a ) ( NN pittance ) ) ( PP ( VBN compared ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NNS costs ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Moon ) ( POS 's ) ) ( JJ lavish ) ( JJ international ) ( NNS conferences ) ) ( NP ( NN speaking ) ( NNS tours ) ) ( CC and ) ( NP ( JJ assorted ) ( NN land ) ( NNS buys ) ) ) ) ) ) ) ) ) )

Those teams of young fund-raisers selling flowers peanuts or begging outright at traffic intersections brought in somewhere near 20 million a year during the mid-to-late 1970s but those revenues were a pittance compared to the costs of Mr. Moon 's lavish international conferences speaking tours and assorted land buys


( S ( NP-SBJ-1 ( NP ( JJ Only ) ( PRP$ his ) ( NNS factories ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ( CC and ) ( NNP Korea ) ) ) ) ( S-ADV ( VP ( VP ( VBG employing ) ( NP ( PRP$ his ) ( NNS followers ) ) ( PP-CLR ( IN at ) ( NP ( NN subsistence ) ( NNS wages ) ) ) ) ( CC and ) ( VP ( VBG producing ) ( NP ( NP ( NN everything ) ) ( PP ( PP ( IN from ) ( NP ( NNS rifles ) ) ) ( PP ( TO to ) ( NP ( NN ginseng ) ) ) ( PP ( TO to ) ( NP ( JJ expensive ) ( NN marble ) ( NNS vases ) ) ) ) ) ) ) ) ( VP ( VBD kept ) ( S ( NP-SBJ ( DT the ) ( NN money ) ) ( VP ( VBG flowing ) ( ADVP-DIR ( RB westward ) ) ) ) ) )

Only his factories in Japan and Korea employing his followers at subsistence wages and producing everything from rifles to ginseng to expensive marble vases kept the money flowing westward


( S ( NP-SBJ ( NP ( NNP Virginia ) ( NNP Commonwealth ) ( NNP University ) ( NN sociologist ) ( NNP David ) ( NNP Bromley ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( ADVP ( RBR more ) ( PP ( IN than ) ( NP ( DT any ) ( JJ other ) ( NN researcher ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN delved ) ( PP-DIR ( IN into ) ( NP ( NP ( DT the ) ( JJ complex ) ( NN world ) ) ( PP ( IN of ) ( NP ( JJ Unificationist ) ( NNS finances ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN concluded ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( JJ profitable ) ( NNS operations ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT the ) ( NNS exceptions ) ) ( CONJP ( RB rather ) ( IN than ) ) ( NP ( DT the ) ( NN rule ) ) ) ) ) ) ) ) ) )

Virginia Commonwealth University sociologist David Bromley who more than any other researcher has delved into the complex world of Unificationist finances has concluded that profitable operations in the U.S. have been the exceptions rather than the rule


( S ( ADVP ( RB Likewise ) ) ( NP-SBJ ( NP ( NNS journalists ) ( NNP John ) ( NNP Burgess ) ( CC and ) ( NNP Michael ) ( NNP Isikoff ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Washington ) ( NNP Post ) ) ) ) ( VP ( VBP have ) ( VP ( VBN estimated ) ( SBAR ( IN that ) ( S ( NP-SBJ-192 ( QP ( IN at ) ( JJS least ) ( CD 800 ) ( CD million ) ) ) ( VP ( VBD was ) ( VP ( VBN transferred ) ( PP-DIR ( IN from ) ( NP ( NNP Japan ) ) ) ( PP-DIR ( TO to ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB deal ) ( PP-CLR ( IN with ) ( NP ( NP ( NP ( DT the ) ( NN church ) ( POS 's ) ) ( JJ annual ) ( NN operating ) ( NNS losses ) ) ( PP-LOC ( IN in ) ( NP ( DT this ) ( NN country ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Likewise journalists John Burgess and Michael Isikoff of the Washington Post have estimated that at least 800 million was transferred from Japan to the U.S. to deal with the church 's annual operating losses in this country


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Moon ) ( POS 's ) ) ( CD two ) ( JJ English-language ) ( NNP U.S. ) ( NNS newspapers ) ) ( VP ( VBP illustrate ) ( NP ( NP ( DT the ) ( NN scope ) ) ( PP ( IN of ) ( NP ( DT this ) ( JJ financial ) ( NN drain ) ) ) ) ) )

Mr. Moon 's two English-language U.S. newspapers illustrate the scope of this financial drain


( S ( S ( NP-SBJ ( NP ( JJ Start-up ) ( NNS costs ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP Washington ) ( NNPS Times ) ) ) ( ADVP ( RB alone ) ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ close ) ( PP ( TO to ) ( NP ( QP ( CD 50 ) ( CD million ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-193 ( NP ( DT the ) ( JJ total ) ( NN amount ) ) ( VP ( VBN lost ) ( PP-LOC ( IN in ) ( NP ( DT this ) ( JJ journalistic ) ( JJ black ) ( NN hole ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN estimated ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 150 ) ( CD million ) ) ) ( PP-TMP ( IN by ) ( NP ( CD 1984 ) ) ) ) ) ) ) ) )

Start-up costs for the Washington Times alone were close to 50 million and the total amount lost in this journalistic black hole was estimated at 150 million by 1984


( S ( PP-TMP ( IN Since ) ( NP ( RB then ) ) ) ( NP-SBJ ( NP ( NNP Moon ) ( POS 's ) ) ( NN organization ) ) ( VP ( VBZ has ) ( VP ( VBN inaugurated ) ( NP ( NP ( NP ( DT a ) ( NN pair ) ) ( PP ( IN of ) ( NP ( JJ high-quality ) ( JJ glossy ) ( NN opinion ) ( NNS magazines ) ) ) ) ( NP ( NP-TTL ( NP ( DT The ) ( NNP World ) ) ( CC and ) ( NP ( NNP I ) ) ) ( CC and ) ( NP-TTL ( NNP Insight ) ) ) ( SBAR ( WHNP-225 ( WDT which ) ) ( S ( VP ( VBP are ) ( NP-PRD ( DT a ) ( JJ further ) ( NN drain ) ) ) ) ) ) ) ) )

Since then Moon 's organization has inaugurated a pair of high-quality glossy opinion magazines The World and I and Insight which are a further drain


( S ( NP-SBJ ( NNS Insiders ) ) ( VP ( VBP say ) ( SBAR ( IN that ) ( S ( NP-SBJ ( RB not ) ( RB even ) ( PRP$ their ) ( NNS editors ) ) ( VP ( VBP know ) ( PP ( IN for ) ( ADJP ( JJ sure ) ) ) ( SBAR ( WHNP-1 ( WRB how ) ( JJ much ) ) ( S ( NP-SBJ ( DT these ) ( JJ show-piece ) ( NNS publications ) ) ( ADVP ( IN along ) ( PP ( IN with ) ( NP ( DT the ) ( NNS newspapers ) ) ) ) ( VP ( VBP have ) ( VP ( VBN cost ) ( NP ( NNP Mr. ) ( NNP Moon ) ) ) ) ) ) ) ) ) ) )

Insiders say that not even their editors know for sure how much these show-piece publications along with the newspapers have cost Mr. Moon


( S ( NP-SBJ ( NP ( JJ Many ) ( JJ American ) ( JJ church-owned ) ( NNS businesses ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 30 ) ( CD million ) ) ) ( NN factory ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( NN fishing ) ( NNS vessels ) ) ) ) ) ) ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ defunct ) ) ) )

Many American church-owned businesses such as a 30 million factory to build fishing vessels are defunct


( S ( NP-SBJ ( NP ( DT Some ) ( NNS components ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ American ) ( NN church ) ) ) ) ( VP ( VBD had ) ( S ( NP-SBJ ( PRP$ their ) ( NNS budgets ) ) ( VP ( VBN cut ) ( PP-CLR ( IN in ) ( NP ( NN half ) ) ) ) ) ( NP-TMP ( NP ( JJ last ) ( NN year ) ) ( CC and ) ( ADVP ( RB again ) ) ( NP ( DT this ) ( NN year ) ) ) ) )

Some components of the American church had their budgets cut in half last year and again this year


( S ( NP-SBJ ( NP ( DT The ) ( ADJP ( RB relatively ) ( JJ small ) ) ( JJ academic ) ( NNS conferences ) ) ( SBAR ( WHNP-226 ( WDT that ) ) ( S ( VP ( VBP have ) ( VP ( VBN attracted ) ( NP ( NP ( JJ conservative ) ( NNS guests ) ) ( CC and ) ( NP ( NN press ) ( NN scrutiny ) ) ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS years ) ) ) ) ) ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( ADJP ( ADVP ( RB much ) ( RBR more ) ) ( ADJP ( RB narrowly ) ( JJ targeted ) ) ( CC and ) ( ADJP ( JJ austere ) ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( JJ thousand-person ) ( NNS get-togethers ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ fancy ) ( NNS digs ) ) ( CC and ) ( NP ( JJ exotic ) ( NNS locales ) ) ) ) ( PP ( IN of ) ( NP ( NP ( NNS years ) ) ( ADJP ( JJ past ) ) ) ) ) ) ) ) )

The relatively small academic conferences that have attracted conservative guests and press scrutiny in recent years are much more narrowly targeted and austere than the thousand-person get-togethers in fancy digs and exotic locales of years past


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD attended ) ( NP ( NP ( JJ several ) ) ( PP ( IN of ) ( NP ( DT these ) ) ) ) ( PP-MNR ( IN in ) ( NP ( NP ( DT the ) ( JJ dual ) ( NN role ) ) ( PP ( IN as ) ( NP ( NP ( NP ( DT a ) ( NN presenter ) ) ( PP ( IN of ) ( NP ( NN research ) ( NNS findings ) ) ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( NP ( DT an ) ( NN investigator ) ) ( PP ( IN of ) ( NP ( PRP$ my ) ( NNS hosts ) ) ) ) ) ) ) ) ) )

I attended several of these in the dual role as a presenter of research findings as well as an investigator of my hosts


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Moon ) ( POS 's ) ) ( NNP Paragon ) ( NNP House ) ) ( ADVP-TMP ( RB eventually ) ) ( ADVP ( RB even ) ) ( VP ( VBD published ) ( NP ( NP ( CD three ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ my ) ( JJ co-edited ) ( NNS books ) ) ( PP ( IN on ) ( NP ( NN religion ) ( CC and ) ( NNS politics ) ) ) ) ) ) ) )

Mr. Moon 's Paragon House eventually even published three of my co-edited books on religion and politics


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( NP ( NN veteran ) ( NNS watchers ) ) ( PP ( IN of ) ( NP ( JJ Unificationist ) ( NNS affairs ) ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNP Dr. ) ( NNP J. ) ( NNP Gordon ) ( NNP Melton ) ) ( NP ( NP ( NN director ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Institute ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNP Study ) ) ( PP ( IN of ) ( NP ( NNP American ) ( NNP Religion ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( RB almost ) ( DT all ) ( NNS operations ) ) ( VP ( VBP are ) ( VP ( VBG being ) ( VP ( ADVP-MNR ( RB drastically ) ) ( VBN reduced ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ-2 ( NNP Mr. ) ( NNP Moon ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ concentrates ) ( PP-CLR ( ADVP ( RBR more ) ) ( IN on ) ( S-NOM ( VP ( VBG developing ) ( NP ( NP ( PRP$ his ) ( NN empire ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Far ) ( NNP East ) ) ) ) ) ) ) ) ) ) ) ) ) )

According to veteran watchers of Unificationist affairs such as Dr. J. Gordon Melton director of the Institute for the Study of American Religion almost all operations are being drastically reduced as Mr. Moon now concentrates more on developing his empire in the Far East


( S-1 ( NP-SBJ ( NN Everything ) ) ( PRN ( S ( NP-SBJ ( NP ( CD one ) ( ADJP ( NN Moonie ) ) ( JJ senior ) ( NN consultant ) ) ( PP ( TO to ) ( NP ( DT the ) ( NNP Unification ) ( NNP Church ) ) ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD told ) ( NP ( PRP me ) ) ( PP-LOC ( IN in ) ( NP ( DT an ) ( NN interview ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( ADVP-DIR ( RB back ) ( PP ( TO to ) ( NP ( NNP Korea ) ( CC and ) ( NNP Japan ) ) ) ) ) ) )

Everything one Moonie senior consultant to the Unification Church recently told me in an interview is going back to Korea and Japan


( S ( NP-SBJ ( NNP Europe ) ) ( VP ( VBD had ) ( VP ( VBN proved ) ( ADJP-PRD ( ADVP ( RB even ) ( RBR less ) ( JJ hospitable ) ) ( PP ( IN than ) ( NP ( NNP North ) ( NNP America ) ) ) ) ) ) )

Europe had proved even less hospitable than North America


( S ( NP-SBJ-1 ( JJ European ) ( NNS politicians ) ) ( VP ( VBD were ) ( ADJP-PRD ( RBR less ) ( JJ reluctant ) ( S ( VP ( TO to ) ( VP ( VB have ) ( S ( NP-SBJ ( PRP$ their ) ( NNS governments ) ) ( VP ( VB investigate ) ( CC and ) ( VB harass ) ( NP ( JJ new ) ( NNS religions ) ) ) ) ) ) ) ) ) )

European politicians were less reluctant to have their governments investigate and harass new religions


( S ( ADVP ( RB So ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Moon ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NN retreat ) ) ) ( S-ADV ( VP ( VBG refocusing ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NNP Far ) ( NNP East ) ) ) ) ) ) )

So Mr. Moon is in retreat refocusing on the Far East


( S ( NP-SBJ-1 ( NP ( NNP South ) ( NNP Korea ) ) ( CC and ) ( NP ( NNP Japan ) ) ) ( VP ( VBP continue ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ profitable ) ) ) ) ) ) )

South Korea and Japan continue to be profitable


( S ( NP-SBJ ( NP ( NNP Moon ) ( POS 's ) ) ( NNP Tong'Il ) ( NN industry ) ( NN conglomerate ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB now ) ) ( VP ( VBG investing ) ( ADVP-MNR ( RB heavily ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP China ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( NN church ) ( NNS accountants ) ) ( VP ( VBP have ) ( NP ( NP ( JJ high ) ( NNS hopes ) ) ( PP ( IN of ) ( S-NOM ( VP ( VP ( VBG expanding ) ) ( CC and ) ( VP ( VBG attracting ) ( NP ( NNS converts ) ) ) ( PP-TMP ( ADVP ( RB even ) ) ( IN in ) ( NP ( NP ( DT the ) ( NN wake ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ bloody ) ( NN massacre ) ) ( PP-LOC ( IN in ) ( NP ( NNP Tiananmen ) ( NNP Square ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Moon 's Tong'Il industry conglomerate is now investing heavily in China where church accountants have high hopes of expanding and attracting converts even in the wake of the bloody massacre in Tiananmen Square


( S ( NP-SBJ ( NNP Panda ) ( NNPS Motors ) ) ( VP ( VBZ is ) ( NP-PRD ( CD one ) ( JJ such ) ( NN investment ) ) ) )

Panda Motors is one such investment


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( NP ( JJ senior ) ( NNS consultants ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN church ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Moon ) ) ( VP ( VBZ has ) ( ADVP-MNR ( RB successfully ) ) ( VP ( VBN negotiated ) ( NP ( NP ( DT a ) ( JJ joint ) ( NN venture ) ) ( PP ( IN with ) ( NP ( DT the ) ( JJ Chinese ) ( NN government ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( DT an ) ( JJ automobile-parts ) ( NN plant ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Guangdong ) ( NNP Province ) ) ( NP ( NP ( DT an ) ( NN area ) ) ( PP ( IN of ) ( NP ( NNP China ) ) ) ( PP ( IN with ) ( NP ( DT a ) ( JJ substantial ) ( JJ Korean ) ( NN minority ) ) ) ) ) ) ) ) ) ) ) ) ) )

According to senior consultants to the church Mr. Moon has successfully negotiated a joint venture with the Chinese government to build an automobile-parts plant in Guangdong Province an area of China with a substantial Korean minority


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Moon ) ) ( VP ( VBZ has ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VP ( VB put ) ( PRT ( RP up ) ) ( NP ( NP ( QP ( CD 10 ) ( CD million ) ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ( PP-TMP ( IN for ) ( NP ( CD 25 ) ( NNS years ) ) ) ) ( CC and ) ( VP ( VB keep ) ( NP ( DT the ) ( NNS profits ) ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP China ) ) ) ) ) ) ) ) ) )

Mr. Moon has agreed to put up 10 million a year for 25 years and keep the profits in China


( S ( PP ( IN In ) ( NP ( NN return ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( NP ( NP ( DT the ) ( NN government ) ( POS 's ) ) ( NN blessing ) ( S ( VP ( TO to ) ( VP ( VP ( VB build ) ( NP ( NNS churches ) ) ) ( CC and ) ( VP ( VBD spread ) ( NP ( NNP Unificationism ) ) ) ( PP-LOC ( IN in ) ( NP ( DT that ) ( NN country ) ) ) ) ) ) ) ) )

In return he has the government 's blessing to build churches and spread Unificationism in that country


( S ( NP-SBJ ( NP ( WDT Whatever ) ( NX ( NX ( NN respectability ) ) ( CC and ) ( NX ( NX ( NNS ties ) ) ( PP ( TO to ) ( NP ( NP ( NNS intellectuals ) ) ( CC and ) ( NP ( NNS opinion-makers ) ) ) ) ) ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS publications ) ( CC and ) ( NNS conferences ) ) ( VP ( VBP bring ) ) ) ) ) ( ADVP ( RB really ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( NN salvage ) ) ( NP ( RB not ) ( NP ( NP ( DT the ) ( NNP Rev. ) ( NNP Moon ) ( POS 's ) ) ( JJ original ) ( JJ final ) ( NNS goals ) ) ( CC but ) ( NP ( NP ( DT the ) ( NNS ones ) ) ( SBAR ( WHPP-2 ( IN for ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD will ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB settle ) ) ) ) ) ) ) ) ) ) ) ) )

Whatever respectability and ties to intellectuals and opinion-makers the publications and conferences bring really are salvage not the Rev. Moon 's original final goals but the ones for which he will have to settle


( S ( NP-SBJ ( NNP Mr. ) ( NNP Shupe ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NN co-author ) ) ( PRN ( PP ( IN with ) ( NP ( NNP David ) ( NNP G. ) ( NNP Bromley ) ) ) ) ( PP ( IN of ) ( NP ( NP-TTL ( NP ( NP ( NNS Moonies ) ) ( PP-LOC ( IN in ) ( NP ( NNP America ) ) ) ) ( NP ( NN Cult ) ( NN Church ) ( CC and ) ( NN Crusade ) ) ) ( CC and ) ( NP-TTL ( NP ( JJ Strange ) ( NNS Gods ) ) ( NP ( DT The ) ( JJ Great ) ( JJ American ) ( NNP Cult ) ( NNP Scare ) ) ) ) ) ) ) )

Mr. Shupe is co-author with David G. Bromley of Moonies in America Cult Church and Crusade and Strange Gods The Great American Cult Scare


( S ( NP-SBJ-2 ( NNP Treasury ) ( NNP Undersecretary ) ( NNP David ) ( NNP Mulford ) ) ( VP ( VBD defended ) ( NP ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( NNS efforts ) ) ( NP-TMP ( DT this ) ( NN fall ) ) ( S-1 ( VP ( TO to ) ( VP ( VB drive ) ( ADVP-DIR ( RP down ) ) ( NP ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN dollar ) ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( VBD helped ) ( S ( VP ( VB minimize ) ( NP ( NP ( NN damage ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( JJ 190-point ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ( NP-TMP ( NNP Oct. ) ( CD 13 ) ) ) ) ) ) ) ) ) ) ) ) ) )

Treasury Undersecretary David Mulford defended the Treasury 's efforts this fall to drive down the value of the dollar saying it helped minimize damage from the 190-point drop in the stock market Oct. 13


( S ( S-ADV ( VP ( VBG Testifying ) ( PP-LOC ( IN before ) ( NP ( DT a ) ( NNP House ) ( NN subcommittee ) ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Mulford ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-2 ( DT the ) ( NNP Treasury ) ) ( VP ( VBD had ) ( RB n't ) ( VP ( VBN intervened ) ( PP-LOC-CLR ( IN in ) ( NP ( JJ foreign-exchange ) ( NNS markets ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( NNP September ) ) ( CC and ) ( NP ( JJ early ) ( NNP October ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NP ( DT the ) ( NN dollar ) ( POS 's ) ) ( NN value ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN plunge ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ( VP ( MD might ) ( VP ( VB have ) ( VP ( VBN provoked ) ( NP ( NP ( DT a ) ( JJ steep ) ( NN fall ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN currency ) ) ) ( SBAR ( WHNP-97 ( WDT that ) ) ( S ( VP ( MD might ) ( VP ( VB have ) ( VP ( VBN unhinged ) ( NP ( JJ financial ) ( NNS markets ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Testifying before a House subcommittee Mr. Mulford said that if the Treasury had n't intervened in foreign-exchange markets in September and early October to reduce the dollar 's value the plunge in the stock market might have provoked a steep fall in the currency that might have unhinged financial markets


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Mulford ) ) ( S-ADV ( VP ( VBG responding ) ( PP-CLR ( TO to ) ( NP ( NP ( NNS critics ) ) ( PP ( IN of ) ( NP ( NN intervention ) ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-3 ( NN intervention ) ) ( VP ( VP ( VBZ is ) ( ADJP-PRD ( RB highly ) ( JJ visible ) ) ) ( VP ( VBZ is ) ( VP ( VBN taken ) ( ADVP-MNR ( RB seriously ) ) ( PP ( IN by ) ( NP-LGS ( JJ financial ) ( NNS markets ) ) ) ) ) ( CC and ) ( VP ( VBZ works ) ( ADVP-MNR ( ADVP ( RBR better ) ) ( SBAR ( IN than ) ( S ( VP ( VBD was ) ( VP ( VBN recognized ) ( ADVP-TMP ( NP ( DT some ) ( NN time ) ) ( RB ago ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Mulford responding to critics of intervention also said intervention is highly visible is taken seriously by financial markets and works better than was recognized some time ago


( S ( NP-SBJ ( NP ( NNS Differences ) ) ( PP ( IN between ) ( NP ( NP ( DT the ) ( NNP Treasury ) ) ( CC and ) ( NP ( DT the ) ( NNP Federal ) ( NNP Reserve ) ) ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN usefulness ) ) ( PP ( IN of ) ( NP ( NP ( NN intervention ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB help ) ( S ( VP ( VB restrain ) ( NP ( DT the ) ( NN dollar ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD resurfaced ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN hearing ) ) ) ) )

Differences between the Treasury and the Federal Reserve on the usefulness of intervention to help restrain the dollar resurfaced at the hearing


( S ( NP-SBJ ( NP ( NNP Fed ) ( NNP Vice ) ( NNP Chairman ) ( NNP Manuel ) ( NNP Johnson ) ) ( SBAR ( WHNP-98 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN dissented ) ( PP-CLR ( IN from ) ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( NN policy ) ) ) ) ) ) ) ) ( VP ( VBD told ) ( NP ( NNS lawmakers ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD became ) ( ADJP-PRD ( JJ convinced ) ( PP ( IN about ) ( SBAR ( WHNP-99 ( WP what ) ) ( S ( VP ( VBD looked ) ( PP ( TO to ) ( NP ( PRP me ) ) ) ( PP-CLR ( IN like ) ( NP ( DT an ) ( NN attempt ) ( S ( VP ( TO to ) ( VP ( VB push ) ( NP ( DT the ) ( NN dollar ) ) ( ADVP-DIR ( RP down ) ) ( PP ( IN against ) ( NP ( NP ( DT the ) ( NNS fundamentals ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Fed Vice Chairman Manuel Johnson who had dissented from the Treasury 's policy told lawmakers I became convinced about what looked to me like an attempt to push the dollar down against the fundamentals in the market


( S-1 ( NP-SBJ-2 ( NN Intervention ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ useful ) ( S ( VP ( ADVP ( RB only ) ) ( VP ( TO to ) ( VP ( VB smooth ) ( NP ( JJ disorderly ) ( NNS markets ) ) ) ) ( RB not ) ( VP ( TO to ) ( VP ( ADVP-MNR ( RB fundamentally ) ) ( VB influence ) ( NP ( NP ( DT the ) ( NN dollar ) ( POS 's ) ) ( NN value ) ) ) ) ) ) ) ) )

Intervention he added is useful only to smooth disorderly markets not to fundamentally influence the dollar 's value


( S ( NP-SBJ ( NP ( NNP Rep. ) ( NNP John ) ( NNP LaFalce ) ) ( PRN ( NP ( NNP D. ) ) ( NP-LOC ( NNP N.Y ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Johnson ) ) ( VP ( VP ( VBD refused ) ( S ( VP ( TO to ) ( VP ( VB testify ) ( ADVP-MNR ( RB jointly ) ) ( PP ( IN with ) ( NP ( NNP Mr. ) ( NNP Mulford ) ) ) ) ) ) ) ( CC and ) ( ADVP ( RB instead ) ) ( VP ( VBD asked ) ( S ( VP ( TO to ) ( VP ( VB appear ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( DT the ) ( NNP Treasury ) ( NN official ) ) ( VP ( VBD had ) ( VP ( VBN completed ) ( NP ( PRP$ his ) ( NN testimony ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Rep. John LaFalce D. N.Y said Mr. Johnson refused to testify jointly with Mr. Mulford and instead asked to appear after the Treasury official had completed his testimony


( S ( NP-SBJ ( DT A ) ( NNP Fed ) ( NN spokesman ) ) ( VP ( VBD denied ) ( NP ( NP ( NNP Mr. ) ( NNP LaFalce ) ( POS 's ) ) ( NN statement ) ) ) )

A Fed spokesman denied Mr. LaFalce 's statement


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Mulford ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNS reports ) ) ( PP ( IN of ) ( NP ( NP ( NN tension ) ) ( PP ( IN between ) ( NP ( DT the ) ( NNP Treasury ) ( CC and ) ( NNP Fed ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ exaggerated ) ) ) ) ) ) ( S-ADV ( VP ( VBG insisting ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD involved ) ( NP ( NNS nuances ) ) ) ) ) ) ) ) )

Mr. Mulford said reports of tension between the Treasury and Fed have been exaggerated insisting that they involved nuances


( S ( NP-SBJ ( NNP Mr. ) ( NNP Johnson ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN scheme ) ) ( PP ( IN of ) ( NP ( NNS things ) ) ) ) ) ( NP-SBJ ( DT these ) ( NNS things ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ minor ) ) ) ) ) ) )

Mr. Johnson also said that in the scheme of things these things are minor


( S ( PP ( IN On ) ( NP ( JJ other ) ( NNS matters ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Mulford ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP West ) ( NNP Germany ) ) ( VP ( VBZ is ) ( VP ( VBG contributing ) ( PP-CLR ( TO to ) ( NP ( NP ( NNS imbalances ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN world ) ( NN economy ) ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( PRP$ its ) ( NN success ) ) ( PP ( IN as ) ( NP ( DT an ) ( NN exporter ) ) ) ) ) ) ) ) ) ) )

On other matters Mr. Mulford said West Germany is contributing to imbalances in the world economy because of its success as an exporter


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN solution ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJR stronger ) ( JJ domestic ) ( NN growth ) ) ( PRN ( PP-LOC ( IN in ) ( NP ( NNP Germany ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

The solution is stronger domestic growth in Germany he said


( S-1 ( CC But ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( DT the ) ( NN growth ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ German ) ( NN economy ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( ADJP ( JJR stronger ) ) ( SBAR ( IN than ) ( S ( VP ( VBN expected ) ) ) ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Mulford ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ difficult ) ) ( SBAR-3 ( IN for ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( TO to ) ( VP ( VB argue ) ( SBAR ( IN that ) ( S ( NP-SBJ-4 ( NNP Germany ) ) ( VP ( MD ought ) ( S ( VP ( TO to ) ( VP ( VB adopt ) ( NP ( ADJP ( RBR more ) ( JJ stimulative ) ) ( ADJP ( JJ monetary ) ( CC and ) ( JJ fiscal ) ) ( NNS policies ) ) ) ) ) ) ) ) ) ) ) ) ) )

But because the growth of the German economy has been stronger than expected Mr. Mulford said it 's difficult for the U.S. to argue that Germany ought to adopt more stimulative monetary and fiscal policies


( S ( S-TPC-1 ( NP-SBJ ( NP ( NNP Germany ) ( POS 's ) ) ( NN trade ) ( NN surplus ) ) ( VP ( VBZ is ) ( PP-PRD ( PP ( ADVP ( RB largely ) ) ( IN with ) ( NP ( JJ other ) ( JJ European ) ( NNS countries ) ) ) ( CONJP ( RB rather ) ( IN than ) ) ( PP ( IN with ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Mulford ) ) ( VP ( VBD acknowledged ) ) )

Germany 's trade surplus is largely with other European countries rather than with the U.S. Mr. Mulford acknowledged


( S ( S-TPC-1 ( CC But ) ( ADVP ( RB nonetheless ) ) ( NP-SBJ ( NNP U.S. ) ( NNS companies ) ) ( VP ( MD might ) ( VP ( VB be ) ( ADJP-PRD ( RBR more ) ( JJ successful ) ) ( PP-LOC ( IN in ) ( NP ( JJ European ) ( NNS markets ) ) ) ( SBAR-ADV ( IN if ) ( RB not ) ( FRAG ( PP ( IN for ) ( NP ( DT the ) ( JJ German ) ( NN export ) ( NN push ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

But nonetheless U.S. companies might be more successful in European markets if not for the German export push he said


( S ( NP-SBJ ( NNP ITEL ) ( NNP CORP. ) ) ( VP ( VBD reported ) ( NP ( NP ( JJ third-quarter ) ( NNS earnings ) ) ( SBAR ( WHNP-48 ( WDT which ) ) ( S ( VP ( VBD were ) ( VP ( ADVP-MNR ( RB mistakenly ) ) ( VBN shown ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ Quarterly ) ( NNS Earnings ) ( NNS Surprises ) ( NN table ) ) ( PP-LOC ( IN in ) ( NP ( NP-TMP ( NN yesterday ) ( POS 's ) ) ( NN edition ) ) ) ) ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( ADJP ( JJR lower ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( NN average ) ) ( PP ( IN of ) ( NP ( NP ( NNS analysts ) ( POS ' ) ) ( NNS estimates ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

ITEL CORP. reported third-quarter earnings which were mistakenly shown in the Quarterly Earnings Surprises table in yesterday 's edition to be lower than the average of analysts ' estimates


( S ( PP ( IN On ) ( NP ( DT a ) ( JJ pretax ) ( NN basis ) ) ) ( NP-SBJ ( NP ( NP ( NNP Itel ) ( POS 's ) ) ( JJ third-quarter ) ( NNS earnings ) ) ( PP ( IN of ) ( NP ( NP ( CD 30 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( VP ( VBD were ) ( ADVP ( RB actually ) ) ( ADJP-PRD ( ADJP ( NP ( CD 7.14 ) ( NN % ) ) ( JJR higher ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( NN average ) ) ( PP ( IN of ) ( NP ( NNS estimates ) ) ) ) ) ) ) )

On a pretax basis Itel 's third-quarter earnings of 30 cents a share were actually 7.14 % higher than the average of estimates


( S ( NP-SBJ ( NNS Investors ) ) ( VP ( VBP are ) ( VP ( VBG appealing ) ( PP-CLR ( TO to ) ( NP-1 ( DT the ) ( NNPS Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ) ) ( S-CLR ( RB not ) ( VP ( TO to ) ( VP ( VB limit ) ( NP ( NP ( PRP$ their ) ( NN access ) ) ( PP ( TO to ) ( NP ( NP ( NN information ) ) ( PP ( IN about ) ( NP ( NP ( NN stock ) ( NNS purchases ) ( CC and ) ( NNS sales ) ) ( PP ( IN by ) ( NP ( JJ corporate ) ( NNS insiders ) ) ) ) ) ) ) ) ) ) ) ) ) )

Investors are appealing to the Securities and Exchange Commission not to limit their access to information about stock purchases and sales by corporate insiders


( S ( S-TPC-1 ( NP-SBJ ( DT A ) ( NNP SEC ) ( NN proposal ) ( S ( VP ( TO to ) ( VP ( VB ease ) ( NP ( NP ( NN reporting ) ( NNS requirements ) ) ( PP ( IN for ) ( NP ( DT some ) ( NN company ) ( NNS executives ) ) ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB undermine ) ( NP ( NP ( DT the ) ( NN usefulness ) ) ( PP ( IN of ) ( NP ( NP ( NN information ) ) ( PP ( IN on ) ( NP ( NN insider ) ( NNS trades ) ) ) ) ) ( PP ( IN as ) ( NP ( DT a ) ( JJ stock-picking ) ( NN tool ) ) ) ) ) ) ) ( NP-SBJ ( NP ( JJ individual ) ( NNS investors ) ) ( CC and ) ( NP ( JJ professional ) ( NN money ) ( NNS managers ) ) ) ( VP ( VBP contend ) ) )

A SEC proposal to ease reporting requirements for some company executives would undermine the usefulness of information on insider trades as a stock-picking tool individual investors and professional money managers contend


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP make ) ( NP ( DT the ) ( NN argument ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNS letters ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN agency ) ) ) ( PP ( IN about ) ( NP ( NP ( NN rule ) ( NNS changes ) ) ( VP ( VBD proposed ) ( NP-TMP ( DT this ) ( JJ past ) ( NN summer ) ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( PP-LOC ( IN among ) ( NP ( JJ other ) ( NNS things ) ) ) ( VP ( MD would ) ( VP ( VB exempt ) ( NP-2 ( JJ many ) ( JJ middle-management ) ( NNS executives ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG reporting ) ( NP ( NP ( NNS trades ) ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ their ) ( JJ own ) ( NNS companies ) ( POS ' ) ) ( NNS shares ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

They make the argument in letters to the agency about rule changes proposed this past summer that among other things would exempt many middle-management executives from reporting trades in their own companies ' shares


( S ( NP-SBJ ( DT The ) ( VBN proposed ) ( NNS changes ) ) ( ADVP ( RB also ) ) ( VP ( MD would ) ( VP ( VB allow ) ( S ( NP-SBJ ( NNS executives ) ) ( VP ( TO to ) ( VP ( VB report ) ( NP ( NP ( NNS exercises ) ) ( PP ( IN of ) ( NP ( NNS options ) ) ) ) ( ADVP-TMP ( ADVP ( RBR later ) ) ( CC and ) ( ADVP ( RBR less ) ( RB often ) ) ) ) ) ) ) ) )

The proposed changes also would allow executives to report exercises of options later and less often


( S ( NP-SBJ ( NP ( JJ Many ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS letters ) ) ) ) ( VP ( VBP maintain ) ( SBAR ( IN that ) ( S ( S ( NP-SBJ ( NN investor ) ( NN confidence ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( ADVP ( RB so ) ) ( VBN shaken ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( CD 1987 ) ( NN stock ) ( NN market ) ( NN crash ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-3 ( DT the ) ( NNS markets ) ) ( ADVP-TMP ( RB already ) ) ( VP ( ADVP ( RB so ) ) ( VBN stacked ) ( PP ( IN against ) ( NP ( DT the ) ( JJ little ) ( NN guy ) ) ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( NP ( DT any ) ( NN decrease ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN information ) ) ( PP ( IN on ) ( NP ( NN insider-trading ) ( NNS patterns ) ) ) ) ) ) ( VP ( MD might ) ( VP ( VB prompt ) ( S ( NP-SBJ ( NNS individuals ) ) ( VP ( TO to ) ( VP ( VB get ) ( ADVP-DIR ( RB out ) ( PP ( IN of ) ( NP ( NNS stocks ) ) ) ) ( ADVP ( RB altogether ) ) ) ) ) ) ) ) ) ) ) ) )

Many of the letters maintain that investor confidence has been so shaken by the 1987 stock market crash and the markets already so stacked against the little guy that any decrease in information on insider-trading patterns might prompt individuals to get out of stocks altogether


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNP SEC ) ) ( VP ( VBZ has ) ( ADVP ( RB historically ) ) ( VP ( VBN paid ) ( NP ( NN obeisance ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN ideal ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ level ) ( NN playing ) ( NN field ) ) ) ) ) ) ) ) ( VP ( VBD wrote ) ) ( NP-SBJ ( NP ( NNP Clyde ) ( NNP S. ) ( NNP McGregor ) ) ( PP ( IN of ) ( NP ( NP ( NNP Winnetka ) ) ( NP ( NNP Ill. ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( CD 92 ) ( NNS letters ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( VBZ has ) ( VP ( VBN received ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ-2 ( DT the ) ( NNS changes ) ) ( VP ( VBD were ) ( VP ( VBN proposed ) ( NP-TMP ( NNP Aug. ) ( CD 17 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The SEC has historically paid obeisance to the ideal of a level playing field wrote Clyde S. McGregor of Winnetka Ill. in one of the 92 letters the agency has received since the changes were proposed Aug. 17


( S ( ADVP ( RB Apparently ) ) ( NP-SBJ ( DT the ) ( NN commission ) ) ( VP ( VBD did ) ( RB not ) ( ADVP ( RB really ) ) ( VP ( VB believe ) ( PP-CLR ( IN in ) ( NP ( DT this ) ( NN ideal ) ) ) ) ) )

Apparently the commission did not really believe in this ideal


( S ( ADVP-TMP ( RB Currently ) ) ( NP-SBJ ( DT the ) ( NNS rules ) ) ( VP ( VBP force ) ( S ( NP-SBJ ( NP ( NNS executives ) ) ( NP ( NNS directors ) ) ( CC and ) ( NP ( JJ other ) ( JJ corporate ) ( NNS insiders ) ) ) ( VP ( TO to ) ( VP ( VB report ) ( NP ( NP ( NNS purchases ) ( CC and ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ their ) ( NNS companies ) ( POS ' ) ) ( NNS shares ) ) ) ) ( PP-TMP ( IN within ) ( NP ( NP ( QP ( IN about ) ( DT a ) ) ( NN month ) ) ( PP-TMP ( IN after ) ( NP ( DT the ) ( NN transaction ) ) ) ) ) ) ) ) ) )

Currently the rules force executives directors and other corporate insiders to report purchases and sales of their companies ' shares within about a month after the transaction


( S ( CC But ) ( NP-SBJ ( NP ( QP ( IN about ) ( CD 25 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS insiders ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NNP SEC ) ( NNS figures ) ) ) ) ( VP ( VBP file ) ( NP ( PRP$ their ) ( NNS reports ) ) ( ADVP-TMP ( RB late ) ) ) )

But about 25 % of the insiders according to SEC figures file their reports late


( SINV ( S-TPC-4 ( NP-SBJ-3 ( DT The ) ( NNS changes ) ) ( VP ( VBD were ) ( VP ( VBN proposed ) ( PP-LOC ( IN in ) ( NP ( DT an ) ( NN effort ) ( S ( VP ( TO to ) ( VP ( VP ( VB streamline ) ( NP ( JJ federal ) ( NN bureaucracy ) ) ) ( CC and ) ( VP ( VB boost ) ( NP ( NP ( NN compliance ) ) ( PP ( IN by ) ( NP ( NP ( DT the ) ( NNS executives ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP are ) ( ADVP ( RB really ) ) ( VP ( VBG calling ) ( NP ( DT the ) ( NNS shots ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Brian ) ( NNP Lane ) ) ( NP ( NP ( JJ special ) ( NN counsel ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NP ( NP ( DT the ) ( NNP SEC ) ( POS 's ) ) ( NN office ) ) ( PP ( IN of ) ( NP ( NN disclosure ) ( NN policy ) ) ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD proposed ) ( NP ( DT the ) ( NNS changes ) ) ) ) ) ) ) ) ) )

The changes were proposed in an effort to streamline federal bureaucracy and boost compliance by the executives who are really calling the shots said Brian Lane special counsel at the SEC 's office of disclosure policy which proposed the changes


( S ( S-TPC-1 ( S ( NP-SBJ-2 ( NP ( NNS Investors ) ) ( NP ( NN money ) ( NNS managers ) ) ( CC and ) ( NP ( JJ corporate ) ( NNS officials ) ) ) ( VP ( VBD had ) ( PP-TMP-CLR ( IN until ) ( NP ( NN today ) ) ) ( S ( VP ( TO to ) ( VP ( VB comment ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NNS proposals ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NN issue ) ) ( VP ( VBZ has ) ( VP ( VBN produced ) ( NP ( NP ( JJR more ) ( NN mail ) ) ( PP ( IN than ) ( NP ( NP ( ADJP ( RB almost ) ( DT any ) ) ( JJ other ) ( NN issue ) ) ( PP-LOC ( IN in ) ( NP ( NN memory ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Lane ) ) ( VP ( VBD said ) ) )

Investors money managers and corporate officials had until today to comment on the proposals and the issue has produced more mail than almost any other issue in memory Mr. Lane said


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNP SEC ) ) ( VP ( MD will ) ( ADVP ( RB probably ) ) ( VP ( VB vote ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NN proposal ) ) ) ( NP-TMP ( RB early ) ( JJ next ) ( NN year ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

The SEC will probably vote on the proposal early next year he said


( S ( NP-SBJ ( NP ( RB Not ) ( PDT all ) ( DT those ) ) ( SBAR ( WHNP-3 ( WP who ) ) ( S ( VP ( VBD wrote ) ) ) ) ) ( VP ( VBP oppose ) ( NP ( DT the ) ( NNS changes ) ) ) )

Not all those who wrote oppose the changes


( S ( NP-SBJ ( NP ( DT The ) ( NNP Committee ) ) ( PP ( IN on ) ( NP ( NP ( NNP Federal ) ( NNP Regulation ) ) ( PP ( IN of ) ( NP ( NNPS Securities ) ) ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP American ) ( NNP Bar ) ( NNP Association ) ) ) ) ( VP ( VBZ argues ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ its ) ( JJ lengthy ) ( NN letter ) ) ( PP ( TO to ) ( NP ( DT the ) ( NNP SEC ) ) ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( VBN proposed ) ( NNS changes ) ) ( VP ( MD would ) ( VP ( ADVP-MNR ( RB substantially ) ) ( VB improve ) ( NP ( DT the ) ( PRN ( NN law ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG conforming ) ( NP ( PRP it ) ) ( ADVP-MNR ( RBR more ) ( RB closely ) ) ( PP-CLR ( TO to ) ( NP ( JJ contemporary ) ( NN business ) ( NNS realities ) ) ) ) ) ) ) ) ) ) ) )

The Committee on Federal Regulation of Securities for the American Bar Association argues for example in its lengthy letter to the SEC that the proposed changes would substantially improve the law by conforming it more closely to contemporary business realities


( S ( SBAR-NOM-SBJ ( WHNP-1 ( WP What ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS investors ) ) ( SBAR ( WHNP-4 ( WP who ) ) ( S ( VP ( VBP oppose ) ( NP ( DT the ) ( VBN proposed ) ( NNS changes ) ) ) ) ) ) ( VP ( VBP object ) ( PP-CLR ( TO to ) ) ( ADVP ( RBS most ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN effect ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN proposal ) ) ( VP ( MD would ) ( VP ( VB have ) ( PP-CLR ( IN on ) ( NP ( PRP$ their ) ( NN ability ) ( S ( VP ( TO to ) ( VP ( VB spot ) ( NP ( NP ( NP ( JJ telltale ) ( NNS clusters ) ) ( PP ( IN of ) ( NP ( NN trading ) ( NN activity ) ) ) ) ( NP ( NP ( NN buying ) ( CC or ) ( NN selling ) ) ( PP ( IN by ) ( NP ( QP ( JJR more ) ( IN than ) ( CD one ) ) ( NN officer ) ( CC or ) ( NN director ) ) ) ( PP-TMP ( IN within ) ( NP ( NP ( DT a ) ( JJ short ) ( NN period ) ) ( PP ( IN of ) ( NP ( NN time ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

What the investors who oppose the proposed changes object to most is the effect they say the proposal would have on their ability to spot telltale clusters of trading activity buying or selling by more than one officer or director within a short period of time


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( DT some ) ( NNS estimates ) ) ) ) ( NP-SBJ ( DT the ) ( NN rule ) ( NNS changes ) ) ( VP ( MD would ) ( VP ( VB cut ) ( NP ( NN insider ) ( NNS filings ) ) ( PP-EXT ( IN by ) ( NP ( NP ( JJR more ) ) ( PP ( IN than ) ( NP ( DT a ) ( NN third ) ) ) ) ) ) ) )

According to some estimates the rule changes would cut insider filings by more than a third


( S ( NP-SBJ ( NP ( DT The ) ( NNP SEC ) ( POS 's ) ) ( NNP Mr. ) ( NNP Lane ) ) ( VP ( ADVP-MNR ( RB vehemently ) ) ( VBD disputed ) ( NP ( DT those ) ( NNS estimates ) ) ) )

The SEC 's Mr. Lane vehemently disputed those estimates


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNS rules ) ) ( VP ( MD will ) ( VP ( VB eliminate ) ( NP ( NP ( NNS filings ) ( VBG policy-making ) ( NNS divisions ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNS sales ) ) ( NP ( NN marketing ) ) ( NP ( NN finance ) ) ( CC and ) ( NP ( NN research ) ( CC and ) ( NN development ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Lane ) ) ( VP ( VBD said ) ) )

The rules will eliminate filings policy-making divisions such as sales marketing finance and research and development Mr. Lane said


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( VBN proposed ) ( NNS rules ) ) ( ADVP ( RB also ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJR tougher ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NNS insiders ) ) ( VP ( ADVP-TMP ( RB still ) ) ( JJ required ) ( S ( VP ( TO to ) ( VP ( VB file ) ( NP ( NNS reports ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

The proposed rules also would be tougher on the insiders still required to file reports he said


( S ( NP-SBJ-1 ( NNS Companies ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN compelled ) ( S ( VP ( TO to ) ( VP ( VB publish ) ( PP-LOC ( IN in ) ( NP ( JJ annual ) ( NN proxy ) ( NNS statements ) ) ) ( NP ( NP ( DT the ) ( NNS names ) ) ( PP ( IN of ) ( NP ( NP ( NNS insiders ) ) ( SBAR ( WHNP-5 ( WP who ) ) ( S ( VP ( VBP fail ) ( S ( VP ( TO to ) ( VP ( VB file ) ( NP ( NNS reports ) ) ( PP-TMP ( IN on ) ( NP ( NN time ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Companies would be compelled to publish in annual proxy statements the names of insiders who fail to file reports on time


( S ( S-ADV ( VP ( VBN Considered ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN whole ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Lane ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NNS filings ) ) ( VP ( VBN required ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( VBN proposed ) ( NNS rules ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( ADVP ( IN at ) ( RBS least ) ( IN as ) ) ( JJ effective ) ( PRN ( SBAR-ADV ( IN if ) ( FRAG ( RB not ) ( ADVP ( RBR more ) ( RB so ) ) ) ) ) ) ( PP ( IN for ) ( NP ( NP ( NNS investors ) ) ( VP ( VBG following ) ( NP ( NNS transactions ) ) ) ) ) ) ) )

Considered as a whole Mr. Lane said the filings required under the proposed rules will be at least as effective if not more so for investors following transactions


( S ( CC But ) ( NP-SBJ ( NP ( NNP Robert ) ( NNP Gabele ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Invest\/Net ) ) ( NP ( NP ( DT a ) ( NAC-LOC ( NNP North ) ( NNP Miami ) ( NNP Fla. ) ) ( NN company ) ) ( SBAR ( WHNP-6 ( WDT that ) ) ( S ( VP ( VBZ packages ) ( CC and ) ( VBZ sells ) ( NP ( DT the ) ( NN insider-trading ) ( NNS data ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-4 ( DT the ) ( NN proposal ) ) ( VP ( VBZ is ) ( VP ( VBN worded ) ( ADVP-MNR ( ADVP ( RB so ) ( RB vaguely ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( JJ key ) ( NNS officials ) ) ( VP ( MD may ) ( VP ( VB fail ) ( S ( VP ( TO to ) ( VP ( VB file ) ( NP ( DT the ) ( NNS reports ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Robert Gabele president of Invest\/Net a North Miami Fla. company that packages and sells the insider-trading data said the proposal is worded so vaguely that key officials may fail to file the reports


( S ( NP-SBJ-2 ( JJ Many ) ( NNS investors ) ) ( VP ( VBD wrote ) ( S-ADV ( VP ( VBG asking ) ( NP-3 ( DT the ) ( NNP SEC ) ) ( S ( VP ( TO to ) ( VP ( VB require ) ( S ( NP-SBJ ( NNS insiders ) ) ( VP ( TO to ) ( VP ( VB report ) ( NP ( PRP$ their ) ( NNS purchases ) ( CC and ) ( NNS sales ) ) ( ADVP-TMP ( ADVP ( RB immediately ) ) ( RB not ) ( ADVP ( NP ( DT a ) ( NN month ) ) ( RB later ) ) ) ) ) ) ) ) ) ) ) ) )

Many investors wrote asking the SEC to require insiders to report their purchases and sales immediately not a month later


( S ( CC But ) ( NP-SBJ ( NNP Mr. ) ( NNP Lane ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( DT the ) ( NNP SEC ) ) ( VP ( VBZ regulates ) ( SBAR-NOM ( WHNP-7 ( WP who ) ) ( S ( VP ( VBZ files ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN law ) ) ( VP ( VBZ tells ) ( NP ( PRP them ) ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( VP ( TO to ) ( VP ( VB do ) ( ADVP-PRD ( RB so ) ) ) ) ) ) ) ) ) ) )

But Mr. Lane said that while the SEC regulates who files the law tells them when to do so


( S ( S-TPC-2 ( NP-SBJ ( NP ( NNS Investors ) ) ( SBAR ( WHNP-8 ( WP who ) ) ( S ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB change ) ( NP ( DT the ) ( JJ required ) ( NN timing ) ) ) ) ) ) ) ) ) ( VP ( MD should ) ( VP ( VB write ) ( NP ( NP ( PRP$ their ) ( NNS representatives ) ) ( PP-LOC ( IN in ) ( NP ( NNP Congress ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ) )

Investors who want to change the required timing should write their representatives in Congress he added


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNP SEC ) ) ( VP ( MD would ) ( ADVP ( RB likely ) ) ( VP ( VB be ) ( ADJP-PRD ( JJ amenable ) ( PP ( TO to ) ( NP ( NP ( NN legislation ) ) ( SBAR ( WHNP-9 ( WDT that ) ) ( S ( VP ( VBD required ) ( S ( NP-SBJ ( NNS insiders ) ) ( VP ( TO to ) ( VP ( VB file ) ( NP ( NNS transactions ) ) ( PP-MNR ( IN on ) ( NP ( DT a ) ( ADJP ( RBR more ) ( JJ timely ) ) ( NN basis ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

The SEC would likely be amenable to legislation that required insiders to file transactions on a more timely basis he said


( S ( PP ( IN Despite ) ( NP ( NP ( VBG continuing ) ( NNS problems ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ its ) ( NN newsprint ) ( NN business ) ) ) ) ) ( NP-SBJ ( NNP Kimberly-Clark ) ( NNP Corp. ) ) ( VP ( VBD posted ) ( NP ( NP ( DT a ) ( ADJP ( CD 20 ) ( NN % ) ) ( NN gain ) ) ( PP ( IN in ) ( NP ( JJ third-quarter ) ( JJ net ) ( NN income ) ) ) ) ) )

Despite continuing problems in its newsprint business Kimberly-Clark Corp. posted a 20 % gain in third-quarter net income


( S ( NP-SBJ ( DT The ) ( UCP ( NNS consumer-products ) ( CC and ) ( NN newsprint ) ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN net ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 108.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.35 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 90.5 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.12 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) ) ) ) )

The consumer-products and newsprint company said net rose to 108.8 million or 1.35 a share from 90.5 million or 1.12 a share a year ago


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 6.2 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 1.45 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 1.37 ) ( CD billion ) ) ) ) ) )

Sales rose 6.2 % to 1.45 billion from 1.37 billion


( S ( PP-TMP ( IN After ) ( NP ( NP ( DT a ) ( JJ flat ) ( JJ second ) ( NN quarter ) ) ( VP ( VBN tied ) ( ADVP ( RB largely ) ) ( PP-CLR ( TO to ) ( NP ( JJR lower ) ( NN newsprint ) ( NNS earnings ) ) ) ) ) ) ( NP-SBJ ( NNP Kimberly-Clark ) ) ( VP ( VBD attributed ) ( NP ( DT the ) ( NN gain ) ) ( PP-CLR ( TO to ) ( NP ( NP ( VBN improved ) ( NNS results ) ) ( PP ( IN in ) ( NP ( NP ( PRP$ its ) ( NN consumer ) ( NNS businesses ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP North ) ( NNP America ) ) ( NP ( NNP Brazil ) ) ( CC and ) ( NP ( NNP Korea ) ) ) ) ) ) ) ) ) )

After a flat second quarter tied largely to lower newsprint earnings Kimberly-Clark attributed the gain to improved results in its consumer businesses in North America Brazil and Korea


( S ( S-TPC-1 ( NP-SBJ ( DT Those ) ( NNS gains ) ) ( VP ( VBD came ) ( PP-CLR ( PP ( IN from ) ( NP ( NP ( JJR higher ) ( NNS prices ) ) ( PP ( ADVP ( RB particularly ) ) ( IN for ) ( NP ( NP ( JJ disposable ) ( NNS diapers ) ) ( CC and ) ( NP ( NN tissue ) ( NNS products ) ) ) ) ) ) ( CC and ) ( PP ( IN from ) ( NP ( NP ( VBN increased ) ( NNS sales ) ) ( PP ( ADVP ( RB primarily ) ) ( IN for ) ( NP ( JJ feminine-care ) ( NNS products ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) )

Those gains came from higher prices particularly for disposable diapers and tissue products and from increased sales primarily for feminine-care products the company said


( S-2 ( NP-SBJ-1 ( NN Newsprint ) ( NNS results ) ) ( VP ( VBD continued ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ depressed ) ) ) ) ) ( PRN ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD added ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( JJ industrywide ) ( NN price ) ( NN discounting ) ) ) ) )

Newsprint results continued to be depressed the company added because of industrywide price discounting


( S ( NP-SBJ-1 ( DT The ) ( JJ quarter-to-quarter ) ( NN comparison ) ) ( VP ( VBD was ) ( ADVP ( RB also ) ) ( VP ( VBN enhanced ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS charges ) ) ( VP ( VBN taken ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ year-earlier ) ( NN period ) ) ) ) ( PP ( VBG including ) ( NP ( NP ( QP ( CD 11 ) ( CD million ) ) ) ( ADJP ( JJ related ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN modernization ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN pulp ) ( CC and ) ( NN newsprint ) ( NN mill ) ) ( PP-LOC ( IN in ) ( NP ( NNP Alabama ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The quarter-to-quarter comparison was also enhanced by charges taken in the year-earlier period including 11 million related to the modernization of a pulp and newsprint mill in Alabama


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD 1989 ) ( NN period ) ) ) ( ADVP ( RB also ) ) ( NP-SBJ ( NP ( NN interest ) ( NN expense ) ) ( CC and ) ( NP ( NN tax ) ( NNS rates ) ) ) ( VP ( VBD were ) ( ADJP-PRD ( ADJP ( JJR lower ) ) ( PP ( IN than ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) ) )

In the 1989 period also interest expense and tax rates were lower than a year ago


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NN profit ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 10 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 313.2 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 3.89 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 283.9 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 3.53 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

In the first nine months profit rose 10 % to 313.2 million or 3.89 a share from 283.9 million or 3.53 a share


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 6.7 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 4.27 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 4 ) ( CD billion ) ) ) ) ) )

Sales rose 6.7 % to 4.27 billion from 4 billion


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-SBJ ( NNP Kimberly-Clark ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 66.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB up ) ( NP ( CD 1.50 ) ) ) ) )

In New York Stock Exchange composite trading Kimberly-Clark closed at 66.50 a share up 1.50


( S ( S ( NP-SBJ ( NP ( DT An ) ( JJ imaginative ) ( NN novelist ) ) ( VP ( VBG writing ) ( NP ( NP ( DT a ) ( NN thriller ) ) ( PP ( IN about ) ( NP ( JJ amateur ) ( NN spy-chasing ) ) ) ) ) ) ( VP ( MD might ) ( VP ( VB invent ) ( NP ( DT a ) ( NNP Clifford ) ( NNP Stoll ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ unlikely ) ) ) ) )

An imaginative novelist writing a thriller about amateur spy-chasing might invent a Clifford Stoll but it 's unlikely


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( ADVP ( RB also ) ) ( ADJP-PRD ( JJ unnecessary ) ) ) )

It 's also unnecessary


( S ( NP-SBJ ( JJ Amateur ) ( NN spy-chaser ) ( NNP Clifford ) ( NNP Stoll ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ real ) ( NN person ) ) ( CC or ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD might ) ( ADVP-MNR ( RB waggishly ) ) ( VP ( VB put ) ( NP ( PRP it ) ) ) ) ) ) ( NP ( DT a ) ( JJ surreal ) ( NN person ) ) ) ) )

Amateur spy-chaser Clifford Stoll is a real person or as he might waggishly put it a surreal person


( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD 37 ) ) ( NP ( NP ( DT an ) ( NN astronomer ) ) ( PP ( IN with ) ( NP ( JJ impressive ) ( NNS credentials ) ) ) ) ( CC and ) ( NP ( NP ( NN something ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN genius ) ) ( PP ( IN at ) ( S-NOM ( VP ( VBG making ) ( S ( NP-SBJ ( NNS computers ) ) ( VP ( VB do ) ( NP ( PRP$ his ) ( NN bidding ) ) ) ) ) ) ) ) ) ) ) ) )

He is 37 an astronomer with impressive credentials and something of a genius at making computers do his bidding


( S ( NP-SBJ ( PRP He ) ) ( ADVP-TMP ( RB once ) ) ( VP ( VP ( VBD described ) ( NP ( PRP himself ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NNP Berkeley ) ( NNP Hippie ) ) ) ) ( CC and ) ( VP ( VBD played ) ( NP ( NP ( DT the ) ( NN role ) ) ) ( ADVP-MNR ( RB well ) ) ( NP-1 ( NP ( JJ obligatory ) ( JJ ragged ) ( NNS jeans ) ) ( NP ( NP ( DT a ) ( NN thicket ) ) ( PP ( IN of ) ( NP ( JJ long ) ( NN hair ) ) ) ) ( CC and ) ( NP ( NP ( NN rejection ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT all ) ( NNS things ) ) ( ADJP ( JJ conventional ) ) ) ( PP ( VBG including ) ( PRN ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN time ) ) ( ADVP ( IN at ) ( JJS least ) ) ) ) ( NP ( NP ( JJ formal ) ( NN marriage ) ) ( PP ( TO to ) ( NP ( NP ( PRP$ his ) ( NN sweetheart ) ) ( NP ( NNP Martha ) ( NNP Matthews ) ) ) ) ) ) ) ) ) ) ) ) )

He once described himself as a Berkeley Hippie and played the role well obligatory ragged jeans a thicket of long hair and rejection of all things conventional including for a time at least formal marriage to his sweetheart Martha Matthews


( S ( NP-SBJ-2 ( PRP He ) ) ( ADVP ( RB also ) ) ( VP ( VBZ is ) ( NP-PRD ( DT an ) ( JJ entertaining ) ( NN writer ) ) ( S-ADV ( VP ( VBG combining ) ( NP ( NNS wisecracks ) ( CC and ) ( NN wordplay ) ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ programmatic ) ( NN detail ) ) ( CC and ) ( NP ( NP ( JJ lucid ) ( NNS explanations ) ) ( PP ( IN of ) ( SBAR-NOM ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( NNS computers ) ) ( VP ( VBP work ) ) ) ) ) ) ) ) ) ) ) )

He also is an entertaining writer combining wisecracks and wordplay with programmatic detail and lucid explanations of how computers work


( S ( PP-LOC ( IN In ) ( NP ( NP-TTL ( NP ( DT The ) ( NN Cuckoo ) ( POS 's ) ) ( NN Egg ) ) ( PRN ( NP ( NNP Doubleday ) ) ( NP ( CD 326 ) ( NNS pages ) ) ( NP ( CD 19.95 ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ spins ) ( NP ( NP ( DT a ) ( JJ remarkable ) ( NN tale ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( NNS efforts ) ) ( PP-TMP ( IN over ) ( NP ( CD 18 ) ( NNS months ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB catch ) ( NP ( DT a ) ( NN computer ) ( NN spy ) ) ) ) ) ) ) ) ) )

In The Cuckoo 's Egg Doubleday 326 pages 19.95 he spins a remarkable tale of his efforts over 18 months to catch a computer spy


( S ( NP-SBJ ( DT The ) ( NN result ) ) ( NP-TMP ( JJ last ) ( NN spring ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( NN arrest ) ) ( PP ( IN by ) ( NP ( ADJP ( JJ West ) ( NNP German ) ) ( NNS authorities ) ) ) ( PP ( IN of ) ( NP ( NP-1 ( CD five ) ( JJ young ) ( NNPS West ) ( NNPS Germans ) ) ( VP ( VBN accused ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VP ( VBG stealing ) ( NP ( NN information ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NNS computers ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP U.S. ) ) ( CC and ) ( NP ( NNP Europe ) ) ) ) ) ) ) ( CC and ) ( VP ( VBG selling ) ( NP ( PRP it ) ) ( PP-DTV ( TO to ) ( NP ( DT the ) ( NNP Soviet ) ( NNP KGB ) ) ) ) ) ) ) ) ) ) ) ) )

The result last spring was the arrest by West German authorities of five young West Germans accused of stealing information from computers in the U.S. and Europe and selling it to the Soviet KGB


( S ( NP-SBJ-1 ( NP ( NP ( CD One ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ( NP ( NP ( JJ 25-year-old ) ( NNP Markus ) ( NNP Hess ) ) ( PP ( IN of ) ( NP ( NNP Hannover ) ) ) ) ) ( ADVP ( RB allegedly ) ) ( VP ( VBD used ) ( NP ( DT the ) ( JJ international ) ( NN telecommunications ) ( NN network ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB break ) ( PP-CLR ( IN into ) ( NP ( NP ( QP ( JJR more ) ( IN than ) ( CD 30 ) ) ( JJ high-security ) ( NNS computers ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ( S-ADV ( VP ( VBG searching ) ( PP-CLR ( IN for ) ( NP ( NNS secrets ) ) ) ) ) ) ) ) ) )

One of them 25-year-old Markus Hess of Hannover allegedly used the international telecommunications network to break into more than 30 high-security computers in the U.S. searching for secrets


( S ( S ( NP-SBJ ( PRP He ) ) ( ADVP ( RB probably ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB penetrate ) ( NP ( DT any ) ( JJ top-secret ) ( NNS files ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NNP KGB ) ) ( PP-LOC ( IN in ) ( NP ( NNP East ) ( NNP Berlin ) ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ willing ) ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NP ( NP ( CD two ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NNS associates ) ) ) ) ( NP ( NP ( NNP Peter ) ( NNP Carl ) ) ( CC and ) ( NP ( NNP Dirk ) ( NNP Brezinski ) ) ) ) ( NP ( CD 15,000 ) ) ( PP-CLR ( IN for ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN material ) ) ( SBAR ( S ( NP-SBJ ( NNP Hess ) ) ( VP ( VBD collected ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He probably did n't penetrate any top-secret files but the KGB in East Berlin was willing to pay two of his associates Peter Carl and Dirk Brezinski 15,000 for some of the material Hess collected


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBD promised ) ( NP ( NP ( RB yet ) ( JJR more ) ) ( PP ( IN for ) ( NP ( ADJP ( RB really ) ( JJ good ) ) ( NN stuff ) ) ) ) ) )

They promised yet more for really good stuff


( S ( NP-SBJ ( NNP Mr. ) ( NNP Stoll ) ) ( VP ( VBZ draws ) ( NP ( PRP$ his ) ( NN title ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NP ( DT the ) ( NN cuckoo ) ( POS 's ) ) ( NN habit ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG laying ) ( NP ( NNS eggs ) ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( DT the ) ( NNS nests ) ) ( PP ( IN of ) ( NP ( JJ other ) ( NNS birds ) ) ) ) ) ( S-ADV ( VP ( VBG making ) ( S ( NP-SBJ ( PRP them ) ) ( NP-PRD ( JJ surrogate ) ( NNS parents ) ) ) ) ) ) ) ) ) ) ) )

Mr. Stoll draws his title from the cuckoo 's habit of laying eggs in the nests of other birds making them surrogate parents


( S ( NP-SBJ ( DT The ) ( NN computer ) ( NN spy ) ) ( VP ( VBD had ) ( VP ( VBN discovered ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT a ) ( JJ popular ) ( JJ editing\/electronic ) ( NN mail ) ( NN program ) ) ( VP ( VBN called ) ( S ( NP-PRD ( NNP Gnu-Emacs ) ) ) ) ) ( VP ( MD could ) ( VP ( VB do ) ( NP ( NNS tricks ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( ADJP ( RB widely ) ( JJ used ) ) ( NNP Unix ) ( VBG operating ) ( NN system ) ) ( VP ( VBN created ) ( PP ( IN by ) ( NP-LGS ( NNP AT&T ) ) ) ) ) ) ) ) ) ) ) ) )

The computer spy had discovered that a popular editing\/electronic mail program called Gnu-Emacs could do tricks with the widely used Unix operating system created by AT&T


( S ( S-ADV ( VP ( VBG Using ) ( NP ( NNP Gnu-Emacs ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NN spy ) ) ( VP ( MD could ) ( VP ( VB substitute ) ( NP ( DT a ) ( JJ bogus ) ( JJ atrun ) ( NN program ) ) ( PP-CLR ( IN for ) ( NP ( NP ( DT the ) ( NN one ) ) ( SBAR ( WHNP-132 ( WDT that ) ) ( S ( ADVP ( RB routinely ) ) ( VP ( VBZ cleans ) ( PRT ( RP up ) ) ( NP ( DT the ) ( NNP Unix ) ( NN system ) ) ( NP-TMP ( DT every ) ( CD five ) ( NNS minutes ) ) ) ) ) ) ) ) ) )

Using Gnu-Emacs the spy could substitute a bogus atrun program for the one that routinely cleans up the Unix system every five minutes


( S ( SBAR-TMP ( RB Once ) ( S ( NP-SBJ-99 ( NP ( PRP$ his ) ( NN cuckoo ) ( POS 's ) ) ( NN egg ) ) ( VP ( VBD was ) ( VP ( VBN laid ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( MD could ) ( VP ( VP ( VB enter ) ( NP ( NNP Unix ) ) ) ( CC and ) ( VP ( VB become ) ( NP ( NP ( DT a ) ( NN super-user ) ) ( PP ( IN with ) ( NP ( NP ( NN access ) ) ( PP ( TO to ) ( NP ( NN everything ) ) ) ) ) ) ) ) ) )

Once his cuckoo 's egg was laid he could enter Unix and become a super-user with access to everything


( S ( NP-SBJ ( NNP Mr. ) ( NNP Stoll ) ) ( VP ( VBD was ) ( VP ( VBG scanning ) ( NP ( DT the ) ( NNS heavens ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP Keck ) ( NN observatory ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Lawrence ) ( NNP Berkeley ) ( NNP Laboratory ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1986 ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( S ( NP-SBJ-3 ( PRP$ his ) ( NN grant ) ) ( VP ( VBD ran ) ( S-ADV ( ADJP-PRD ( RB low ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBN asked ) ( S ( VP ( TO to ) ( VP ( VB switch ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VBG helping ) ( VP ( VB run ) ( NP ( NP ( DT the ) ( NN lab ) ( POS 's ) ) ( NNS computers ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Stoll was scanning the heavens at the Keck observatory of the Lawrence Berkeley Laboratory in 1986 when his grant ran low and he was asked to switch to helping run the lab 's computers


( S ( NP-SBJ ( PRP He ) ) ( VP ( VP ( VBD discovered ) ( NP ( NP ( DT a ) ( JJ 75-cent ) ( NN discrepancy ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNS charges ) ) ( VP ( VBN made ) ( PP-CLR ( TO to ) ( NP ( JJ various ) ( NNS departments ) ) ) ) ( PP ( IN for ) ( NP ( NN computer ) ( NN time ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD traced ) ( NP ( PRP it ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NP ( DT a ) ( NN user ) ) ( VP ( VBN named ) ( S ( NP-PRD ( NNP Hunter ) ) ) ) ) ( SBAR ( WHNP-133 ( WP who ) ) ( S ( VP ( VBD had ) ( NP ( DT no ) ( JJ valid ) ( NN billing ) ( NN address ) ) ) ) ) ) ) ) ) )

He discovered a 75-cent discrepancy in the charges made to various departments for computer time and traced it to a user named Hunter who had no valid billing address


( S ( NP-SBJ ( NNP Mr. ) ( NNP Stoll ) ) ( VP ( VBD suspected ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN intruder ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT those ) ( JJ precocious ) ( NNS students ) ) ( SBAR ( WHNP-134 ( WP who ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( NN fun ) ) ( S-NOM ( VP ( VBG breaking ) ( PP-CLR ( IN into ) ( NP ( NNS computers ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Stoll suspected the intruder was one of those precocious students who has fun breaking into computers


( S ( CC But ) ( PP-TMP ( IN after ) ( NP ( JJ much ) ( NN tracking ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBD became ) ( ADJP-PRD ( JJ evident ) ) ( PP ( TO to ) ( NP ( NNP Mr. ) ( NNP Stoll ) ) ) ( PP ( IN through ) ( NP ( JJ various ) ( NNS clues ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN hacker ) ) ( VP ( VBD was ) ( RB not ) ( PP-LOC-PRD ( PP ( IN on ) ( NP ( DT the ) ( NNP Berkeley ) ( NN campus ) ) ) ( CC or ) ( PP ( ADVP ( RB even ) ) ( IN in ) ( NP ( NNP California ) ) ) ) ) ) ) ) )

But after much tracking it became evident to Mr. Stoll through various clues that the hacker was not on the Berkeley campus or even in California


( S ( S-NOM-SBJ ( VP ( VBG Finding ) ( NP ( PRP him ) ) ) ) ( VP ( VBD became ) ( NP-PRD ( DT an ) ( NN obsession ) ) ( PP ( IN for ) ( NP ( NNP Mr. ) ( NNP Stoll ) ) ) ) )

Finding him became an obsession for Mr. Stoll


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD made ) ( NP ( NP ( DT a ) ( NN midnight ) ( NN requisition ) ) ( PP ( IN of ) ( NP ( NP ( PDT all ) ( DT the ) ( NNS printers ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD could ) ( VP ( VB lay ) ( NP ( NNS hands ) ) ( PP-CLR ( RB on ) ) ) ) ) ) ) ) ) ( SBAR-PRP ( IN so ) ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD could ) ( VP ( VB monitor ) ( NP ( NP ( PDT all ) ( DT the ) ( NN telephone ) ( NNS lines ) ) ( VP ( VBG coming ) ( PP-DIR ( IN into ) ( NP ( NP ( DT the ) ( NN lab ) ( POS 's ) ) ( NNS computers ) ) ) ) ) ) ) ) ) ) )

He made a midnight requisition of all the printers he could lay hands on so that he could monitor all the telephone lines coming into the lab 's computers


( S ( PP-TMP ( IN After ) ( S-NOM ( VP ( VBG discovering ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN hacker ) ) ( VP ( VBD had ) ( VP ( VBN taken ) ( PRT ( RP over ) ) ( NP ( NP ( DT the ) ( JJ dormant ) ( NN account ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ legitimate ) ( NN user ) ) ( VP ( VBN named ) ( S ( NP-PRD ( NNP Joe ) ( NNP Sventek ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-3 ( PRP he ) ) ( VP ( VBD rigged ) ( PRT ( RP up ) ) ( NP ( NP ( DT an ) ( NN alarm ) ( NN system ) ) ( PP ( VBG including ) ( NP ( DT a ) ( JJ portable ) ( NN beeper ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB alert ) ( NP ( PRP him ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NNP Sventek ) ) ( VP ( VBD came ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NN line ) ) ) ) ) ) ) ) ) ) ) ) )

After discovering that the hacker had taken over the dormant account of a legitimate user named Joe Sventek he rigged up an alarm system including a portable beeper to alert him when Sventek came on the line


( S ( NP-TMP ( DT Some ) ( NNS nights ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD slept ) ( PP-LOC ( IN under ) ( NP ( PRP$ his ) ( NN desk ) ) ) ) )

Some nights he slept under his desk


( S ( NP-SBJ ( PRP$ His ) ( NN boss ) ) ( VP ( VBD complained ) ( PP-CLR ( IN about ) ( NP ( NP ( NN neglect ) ) ( PP ( IN of ) ( NP ( JJ other ) ( NNS chores ) ) ) ) ) ) )

His boss complained about neglect of other chores


( S ( NP-SBJ ( DT The ) ( NN hacker ) ) ( VP ( VBD was ) ( VP ( VP ( VBG pawing ) ( PP-CLR ( IN over ) ( NP ( DT the ) ( NNP Berkeley ) ( NNS files ) ) ) ) ( CC but ) ( ADVP ( RB also ) ) ( VP ( VBG using ) ( NP ( NP ( NNP Berkeley ) ) ( CC and ) ( NP ( JJ other ) ( ADJP ( RB easily ) ( JJ accessible ) ) ( NNS computers ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( JJ stepping ) ( NNS stones ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN network ) ) ( PP ( IN of ) ( NP ( NNS computers ) ) ) ( VP ( VBN used ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN military ) ) ( CC and ) ( NP ( JJ national ) ( NN security ) ( NNS agencies ) ) ) ) ) ) ) ) ) ) ) ) )

The hacker was pawing over the Berkeley files but also using Berkeley and other easily accessible computers as stepping stones to the network of computers used by the military and national security agencies


( S ( NP-SBJ ( NP ( DT The ) ( NNP White ) ( NNPS Sands ) ( NN missile ) ( NN range ) ) ( CC and ) ( NP ( NNP CIA ) ( NN contractor ) ( NNP Mitre ) ( NNP Inc. ) ) ) ( VP ( VBD were ) ( PP-LOC-PRD ( IN among ) ( NP ( DT the ) ( NNS targets ) ) ) ) )

The White Sands missile range and CIA contractor Mitre Inc. were among the targets


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( DT the ) ( NN hacker ) ) ( VP ( VBD moved ) ) ) ) ( NP-SBJ-2 ( NNP Mr. ) ( NNP Stoll ) ) ( VP ( VBD moved ) ( ADVP ( RB too ) ) ( S-ADV ( VP ( VP ( VBG calling ) ( PRT ( RP up ) ) ( NP ( JJ other ) ( NNS systems ) ( NNS managers ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB alert ) ( NP ( PRP them ) ) ) ) ) ) ( CC but ) ( VP ( VBG keeping ) ( S ( NP-SBJ ( PRP$ his ) ( JJ own ) ( NN system ) ) ( ADJP-PRD ( JJ open ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB avoid ) ( S ( VP ( VBG arousing ) ( NP ( NN suspicion ) ) ) ) ) ) ) ) ) ) ) ) )

When the hacker moved Mr. Stoll moved too calling up other systems managers to alert them but keeping his own system open to avoid arousing suspicion


( S ( ADVP-TMP ( RB Sometimes ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-1 ( DT the ) ( NN hacker ) ) ( VP ( VBD seemed ) ( S ( VP ( TO to ) ( VP ( VB be ) ( PP-DIR-PRD ( IN into ) ( NP ( DT a ) ( JJ sensitive ) ( NN file ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( PRP he ) ) ( VP ( MD would ) ( VP ( VB drag ) ( NP ( PRP$ his ) ( NN keychain ) ) ( PP-LOC ( IN across ) ( NP ( DT the ) ( NN terminal ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VP ( VB create ) ( NP ( JJ static ) ) ) ( CC or ) ( VP ( VB slow ) ( NP ( DT the ) ( NN system ) ) ( PRT ( RP down ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB frustrate ) ( NP ( PRP$ his ) ( NN quarry ) ) ) ) ) ) ) ) ) ) )

Sometimes if the hacker seemed to be into a sensitive file he would drag his keychain across the terminal to create static or slow the system down to frustrate his quarry


( S ( S ( NP-SBJ ( DT The ) ( NNP FBI ) ) ( ADVP-TMP ( RB initially ) ) ( VP ( VBD showed ) ( NP ( JJ little ) ( NN interest ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( NP ( DT the ) ( NN impression ) ( SBAR ( S ( NP-SBJ-100 ( JJ other ) ( JJ federal ) ( NN security ) ( NNS agencies ) ) ( VP ( VBD were ) ( VP ( VBN tangled ) ( ADVP-CLR ( RB up ) ) ( PP-LOC-CLR ( IN in ) ( NP ( JJ legal ) ( JJ red ) ( NN tape ) ) ) ) ) ) ) ) ) ) )

The FBI initially showed little interest and he had the impression other federal security agencies were tangled up in legal red tape


( S ( NP-SBJ ( DT The ) ( NNP CIA ) ) ( VP ( VBD told ) ( NP ( PRP him ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ does ) ( RB not ) ( VP ( VB do ) ( NP ( JJ domestic ) ( NN counterespionage ) ) ) ) ) ) ) )

The CIA told him it does not do domestic counterespionage


( S ( NP-SBJ-2 ( PRP One ) ) ( VP ( VP ( VBZ learns ) ( NP ( NP ( DT a ) ( NN lot ) ) ) ( PP-CLR ( IN from ) ( NP ( DT this ) ( NN book ) ) ) ) ( CC or ) ( VP ( VBZ seems ) ( S ( VP ( TO to ) ) ) ) ( PP-1 ( IN about ) ( NP ( JJ crippling ) ( JJ federal ) ( NN bureaucracy ) ) ) ) )

One learns a lot from this book or seems to about crippling federal bureaucracy


( FRAG ( FRAG ( S ( VP ( VBZ Seems ) ( S ( VP ( TO to ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ possible ) ) ( SBAR-2 ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NNP CIA ) ) ( CC and ) ( NP ( DT the ) ( NNP National ) ( NNP Security ) ( NNP Agency ) ) ) ( VP ( VBD were ) ( ADJP-PRD ( ADJP ( RBR more ) ( JJ interested ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VB let ) ( PRT ( RP on ) ) ( PP ( TO to ) ( NP ( NNP Mr. ) ( NNP Stoll ) ) ) ) ) ) ) ) ) ) ) ) ) )

Seems to because it 's possible that the CIA and the National Security Agency were more interested than they let on to Mr. Stoll


( S ( ADVP-TMP ( RB Finally ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD got ) ( NP ( NN help ) ) ) )

Finally he got help


( S ( NP-SBJ ( NNP Tymnet ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ major ) ( NN network ) ) ( VP ( VBG linking ) ( NP ( NNS computers ) ) ) ) ) )

Tymnet is a major network linking computers


( S ( NP-SBJ-1 ( NP ( NP ( CD One ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ international ) ( NNS specialists ) ) ) ) ( NP ( NNP Steve ) ( NNP White ) ) ) ( VP ( VBD took ) ( NP ( NP ( DT a ) ( JJ quick ) ( NN interest ) ) ( PP ( IN in ) ( NP ( NP ( NNP Mr. ) ( NNP Stoll ) ( POS 's ) ) ( NN hunt ) ) ) ) ( S-ADV ( ADVP-TMP ( RB ultimately ) ) ( VP ( VBG tracing ) ( NP ( DT the ) ( NN hacker ) ) ( PP-CLR ( TO to ) ( NP ( NNP West ) ( NNP Germany ) ) ) ) ) ) )

One of its international specialists Steve White took a quick interest in Mr. Stoll 's hunt ultimately tracing the hacker to West Germany


( S ( NP-SBJ ( DT The ) ( NNPS West ) ( NNPS Germans ) ) ( ADVP-TMP ( RB then ) ) ( VP ( VP ( VBD took ) ( ADVP-CLR ( RB over ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB finally ) ) ( VBD found ) ( NP ( NNP Markus ) ( NNP Hess ) ) ) ) )

The West Germans then took over and finally found Markus Hess


( S ( ADVP-TMP ( RB Eventually ) ) ( NP-SBJ-101 ( NNP Mr. ) ( NNP Stoll ) ) ( VP ( VBD was ) ( VP ( VBN invited ) ( PP-CLR ( TO to ) ( NP ( DT both ) ( NP ( DT the ) ( NNP CIA ) ) ( CC and ) ( NP ( NNP NSA ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB brief ) ( NP ( JJ high-ranking ) ( NNS officers ) ) ( PP-CLR ( IN on ) ( NP ( NN computer ) ( NN theft ) ) ) ) ) ) ) ) )

Eventually Mr. Stoll was invited to both the CIA and NSA to brief high-ranking officers on computer theft


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD savored ) ( NP ( NP ( DT the ) ( NN humor ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( JJ uncombed ) ( NN appearance ) ) ( PP-LOC ( IN among ) ( NP ( DT these ) ( JJ buttoned-up ) ( NNS chaps ) ) ) ) ) ) ) )

He savored the humor of his uncombed appearance among these buttoned-up chaps


( S ( S-ADV ( ADVP-LOC-PRD ( RB Back ) ( PP ( IN in ) ( NP ( NNP Berkeley ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD was ) ( VP ( ADVP-MNR ( RB violently ) ) ( VBN scolded ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( JJ left-wing ) ( NN lady ) ( NN friend ) ) ) ( PP-PRP ( IN for ) ( S-NOM ( VP ( VBG consorting ) ( PP-CLR ( IN with ) ( NP ( JJ such ) ( NNS people ) ) ) ) ) ) ) ) )

Back in Berkeley he was violently scolded by a left-wing lady friend for consorting with such people


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD became ) ( ADJP-PRD ( JJ angry ) ) ( PP ( IN in ) ( NP ( NN return ) ) ) ) )

He became angry in return


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD had ) ( VP ( VBN developed ) ( NP ( NP ( NP ( DT a ) ( NN hatred ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN hacker ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( JJ grudging ) ( NN appreciation ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ federal ) ( NNS spooks ) ) ( SBAR ( WHNP-135 ( WP who ) ) ( S ( VP ( VBP make ) ( S ( NP-SBJ ( JJ national ) ( NN security ) ) ( NP-PRD ( PRP$ their ) ( NN business ) ) ) ) ) ) ) ) ) ) ) ) )

He had developed a hatred for the hacker and a grudging appreciation of the federal spooks who make national security their business


( S ( PP-LOC ( IN At ) ( NP ( JJ several ) ( JJ different ) ( NNS levels ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( JJ fascinating ) ( NN tale ) ) ) )

At several different levels it 's a fascinating tale


( S ( NP-SBJ ( NNP Mr. ) ( NNP Melloan ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ deputy ) ( NN editor ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Journal ) ) ) ) ) )

Mr. Melloan is deputy editor of the Journal


( S ( NP-SBJ ( NNP Panhandle ) ( NNP Eastern ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD applied ) ( PP ( IN on ) ( NP ( NP ( NN behalf ) ) ( PP ( IN of ) ( NP ( NP ( CD two ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS subsidiaries ) ) ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NNP Federal ) ( NNP Energy ) ( NNP Regulatory ) ( NNP Commission ) ) ) ( PP-PRP ( IN for ) ( NP ( NN permission ) ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( NP ( DT a ) ( JJ 352-mile ) ( ADJP ( QP ( CD 273 ) ( CD million ) ) ) ( NN pipeline ) ( NN system ) ) ( PP ( PP ( IN from ) ( NP ( NP ( NNP Pittsburg ) ( NNP County ) ) ( NP ( NNP Okla. ) ) ) ) ( PP ( TO to ) ( NP ( NP ( NNP Independence ) ) ( NP ( NNP Miss ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Panhandle Eastern Corp. said it applied on behalf of two of its subsidiaries to the Federal Energy Regulatory Commission for permission to build a 352-mile 273 million pipeline system from Pittsburg County Okla. to Independence Miss


( S ( NP-SBJ ( DT The ) ( JJ natural ) ( NN gas ) ( NN pipeline ) ( NN concern ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-111 ( DT the ) ( NAC ( NP ( QP ( CD 500 ) ( CD million ) ) ( JJ cubic ) ( NNS feet ) ) ( NP-ADV ( DT a ) ( NN day ) ) ) ( NN capacity ) ( NN pipeline ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN built ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( VBN proposed ) ( NN joint ) ( NN venture ) ) ( PP ( IN between ) ( NP ( NP ( CD two ) ( NNP Panhandle ) ( NNP Eastern ) ( NNS units ) ) ( NP ( NNP Texas ) ( NNP Eastern ) ( NNP Transmission ) ( NNP Corp. ) ( CC and ) ( NNP Trunkline ) ( NNP Gas ) ( NNP Co ) ) ) ) ) ) ) ) ) ) ) ) )

The natural gas pipeline concern said the 500 million cubic feet a day capacity pipeline would be built by a proposed joint venture between two Panhandle Eastern units Texas Eastern Transmission Corp. and Trunkline Gas Co


( S ( NP-SBJ ( NNP Texas ) ( NNP Eastern ) ( NNP Transmission ) ) ( VP ( MD will ) ( VP ( VB build ) ( CC and ) ( VB operate ) ( NP ( NP ( DT the ) ( NN system ) ) ( SBAR ( WHNP-142 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB connect ) ( NP ( DT the ) ( NNP Arkoma ) ( NNP Basin ) ) ( PP-CLR ( IN with ) ( NP ( JJ several ) ( JJ interstate ) ( NNS pipelines ) ) ) ) ) ) ) ) ) ) )

Texas Eastern Transmission will build and operate the system which will connect the Arkoma Basin with several interstate pipelines


( S ( NP-SBJ ( NP ( DT A ) ( JJ bitter ) ( NN conflict ) ) ( PP ( IN with ) ( NP ( JJ global ) ( NNS implications ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN erupted ) ( PP ( IN between ) ( NP ( NP ( NP ( NNP Nomura ) ( NNPS Securities ) ( NNP Co. ) ) ( CC and ) ( NP ( NP ( NNP Industrial ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Japan ) ) ) ) ) ( NP ( NP ( CD two ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN world ) ( VBZ 's ) ) ( ADJP ( RBS most ) ( JJ powerful ) ) ( JJ financial ) ( NNS companies ) ) ) ) ) ) ) ) )

A bitter conflict with global implications has erupted between Nomura Securities Co. and Industrial Bank of Japan two of the world 's most powerful financial companies


( S ( NP-SBJ ( DT The ) ( NN clash ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NN sign ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ new ) ( NN toughness ) ( CC and ) ( NN divisiveness ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( JJ once-cozy ) ( JJ financial ) ( NNS circles ) ) ) ) ) ) ) )

The clash is a sign of a new toughness and divisiveness in Japan 's once-cozy financial circles


( S ( CONJP ( RB Not ) ( RB only ) ) ( SINV ( VBP are ) ( NP-SBJ ( NP ( NNP Japan ) ( POS 's ) ) ( JJ financial ) ( NNS institutions ) ) ( VP ( VBG putting ) ( NP ( PRP$ their ) ( JJ enormous ) ( NN clout ) ) ( PP-PUT ( TO to ) ( VP ( VB work ) ) ) ) ) ( ADVP ( RB increasingly ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP 're ) ( VP ( VBG squaring ) ( PRT ( RP off ) ) ( PP ( IN against ) ( NP ( CD one ) ( DT another ) ) ) ( PP-MNR ( IN in ) ( NP ( JJ unprecedented ) ( JJ public ) ( NN fashion ) ) ) ) ) ) )

Not only are Japan 's financial institutions putting their enormous clout to work increasingly they 're squaring off against one another in unprecedented public fashion


( S ( ADVP-TMP ( RB Already ) ) ( NP-SBJ-24 ( DT the ) ( NNS consequences ) ) ( VP ( VBP are ) ( VP ( VBG being ) ( VP ( VBN felt ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( JJ other ) ( NNS players ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ financial ) ( NNS markets ) ) ) ) ( JJ even ) ( NP ( NNS governments ) ) ) ) ) ) ) )

Already the consequences are being felt by other players in the financial markets even governments


( S ( SBAR-NOM-SBJ ( WHNP-42 ( WP What ) ) ( S ( VP ( VBD triggered ) ( NP ( DT the ) ( JJS latest ) ( NN clash ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN skirmish ) ) ( PP ( IN over ) ( NP ( NP ( DT the ) ( NN timing ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP New ) ( NNP Zealand ) ( NN government ) ( NN bond ) ( NN issue ) ) ) ) ) ) ) )

What triggered the latest clash was a skirmish over the timing of a New Zealand government bond issue


( S ( NP-SBJ-1 ( NNP Nomura ) ) ( VP ( VBD was ) ( VP ( VBG attempting ) ( S ( VP ( TO to ) ( VP ( VB organize ) ( NP ( DT the ) ( ADJP ( ADJP ( CD 50 ) ( JJ billion-yen ) ) ( PRN ( ADJP ( QP ( CD 352 ) ( CD million ) ) ) ) ) ( NN borrowing ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT a ) ( NN time ) ) ( SBAR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NP ( JJ many ) ( JJ Japanese ) ( NNS banks ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Industrial ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Japan ) ) ) ) ) ) ) ( VP ( VBD were ) ( VP ( VBG pressuring ) ( S ( NP-SBJ ( DT the ) ( NNP Wellington ) ( NN government ) ) ( VP ( TO to ) ( VP ( VB help ) ( S ( NP-SBJ ( PRP them ) ) ( VP ( VB recover ) ( NP ( NP ( NNS loans ) ) ( VP ( VBN made ) ( PP-DTV ( TO to ) ( NP ( NP ( DT a ) ( JJ defunct ) ( NN investment ) ( NN bank ) ) ( SBAR ( WHNP-3 ( WDT that ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN owned ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP New ) ( NNP Zealand ) ( POS 's ) ) ( JJ civil-service ) ( NN pension ) ( NN fund ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Nomura was attempting to organize the 50 billion-yen 352 million borrowing in Japan at a time when many Japanese banks led by Industrial Bank of Japan were pressuring the Wellington government to help them recover loans made to a defunct investment bank that had been owned by New Zealand 's civil-service pension fund


( S ( S-ADV ( ADJP-PRD ( JJ Unwilling ) ( S ( VP ( TO to ) ( VP ( VB put ) ( PRT ( RP up ) ) ( NP ( JJ new ) ( NN money ) ) ( PP-PRP ( IN for ) ( NP ( NNP New ) ( NNP Zealand ) ) ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ-26 ( DT those ) ( NNS debts ) ) ( VP ( VBP are ) ( VP ( VBN repaid ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( JJS most ) ( NNS banks ) ) ( VP ( VBD refused ) ( S ( VP ( ADVP ( RB even ) ) ( TO to ) ( VP ( VB play ) ( NP ( JJ administrative ) ( NNS roles ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ new ) ( NN financing ) ) ) ) ) ) ( S-ADV ( VP ( VBG forcing ) ( S ( NP-SBJ ( DT an ) ( JJ embarrassed ) ( NNP Nomura ) ) ( VP ( TO to ) ( VP ( VB postpone ) ( NP ( PRP it ) ) ( NP-TMP ( DT this ) ( NN week ) ) ) ) ) ) ) ) )

Unwilling to put up new money for New Zealand until those debts are repaid most banks refused even to play administrative roles in the new financing forcing an embarrassed Nomura to postpone it this week


( S ( NP-SBJ ( DT The ) ( NN dispute ) ) ( VP ( VBZ shows ) ( ADVP-MNR ( RB clearly ) ) ( NP ( NP ( DT the ) ( JJ global ) ( NN power ) ) ( PP ( IN of ) ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( JJ financial ) ( NNS titans ) ) ) ) ) )

The dispute shows clearly the global power of Japan 's financial titans


( S ( PP ( RB Aside ) ( PP ( IN from ) ( NP ( NP ( NNP Nomura ) ( POS 's ) ) ( JJ injured ) ( NN pride ) ) ) ) ( NP-SBJ ( DT the ) ( JJS biggest ) ( NN victim ) ) ( ADVP-TMP ( RB so ) ( RB far ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( DT the ) ( NNP New ) ( NNP Zealand ) ( NN government ) ) ) ) )

Aside from Nomura 's injured pride the biggest victim so far has been the New Zealand government


( S ( S-ADV ( VP ( VBN Barred ) ( PP ( IN by ) ( NP-LGS ( PRP$ its ) ( NN budget ) ( NN law ) ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG making ) ( NP ( DT any ) ( JJ new ) ( JJ domestic ) ( NN bond ) ( NNS issues ) ) ) ) ) ) ) ( NP-SBJ-1 ( NP ( NNP Wellington ) ( POS 's ) ) ( NNP Debt ) ( NNP Management ) ( NNP Office ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG casting ) ( ADVP-LOC ( RB abroad ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB raise ) ( NP ( NP ( NP ( NP ( DT the ) ( QP ( CD 3 ) ( CD billion ) ) ( NNP New ) ( NNP Zealand ) ( NNS dollars ) ) ( PRN ( NP ( QP ( CD 1.76 ) ( CD billion ) ) ) ) ) ( TO to ) ( NP ( QP ( CD 4 ) ( CD billion ) ) ) ) ( SBAR ( S ( NP-SBJ-5 ( PRP it ) ) ( VP ( VBZ needs ) ( S ( VP ( TO to ) ( VP ( VB come ) ( ADVP-CLR ( RB up ) ) ( PP-CLR ( IN with ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ fiscal ) ( NN year ) ) ) ( NP-TMP ( IN next ) ( NNP June ) ( CD 30 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Barred by its budget law from making any new domestic bond issues Wellington 's Debt Management Office had been casting abroad to raise the 3 billion New Zealand dollars 1.76 billion to 4 billion it needs to come up with by the end of its fiscal year next June 30


( S ( SBAR-ADV ( IN With ) ( S ( NP-SBJ-1 ( NP ( NNP Japan ) ( POS 's ) ) ( JJ cash-flush ) ( NNS banks ) ) ( VP ( VBN aligned ) ( PP ( IN against ) ( NP ( PRP it ) ) ) ) ) ) ( ADVP ( RB though ) ) ( S-NOM-SBJ ( VP ( VBG raising ) ( NP ( NN money ) ) ) ) ( VP ( MD may ) ( VP ( VB be ) ( ADJP-PRD ( JJ difficult ) ) ) ) )

With Japan 's cash-flush banks aligned against it though raising money may be difficult


( S-1 ( CONJP ( RB Not ) ( RB only ) ) ( SINV ( MD can ) ( NP-SBJ ( PRP they ) ) ( VP ( VB block ) ( NP-2 ( NNP Wellington ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG raising ) ( NP ( NN money ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NP ( NNS bankers ) ) ( ADVP-LOC ( RB here ) ) ) ( VP ( VBP say ) ) ) ) ( CC but ) ( S ( PP ( IN as ) ( NP ( NP ( DT the ) ( JJS largest ) ( NNS underwriters ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN Eurobond ) ( NN market ) ) ) ) ) ( NP-SBJ-3 ( PRP they ) ) ( VP ( MD might ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB scuttle ) ( NP ( NNS borrowings ) ) ( ADVP-LOC ( RB there ) ) ( ADVP ( RB too ) ) ) ) ) ) ) ) ) )

Not only can they block Wellington from raising money in Japan bankers here say but as the largest underwriters in the Eurobond market they might be able to scuttle borrowings there too


( S ( NP-SBJ ( NP ( NP ( NNP New ) ( NNP Zealand ) ( POS 's ) ) ( NN finance ) ( NN minister ) ) ( NP ( NNP David ) ( NNP Caygill ) ) ) ( VP ( VBD lashed ) ( ADVP-CLR ( RB out ) ) ( PP ( IN at ) ( NP ( JJ such ) ( NNS suggestions ) ) ) ) )

New Zealand 's finance minister David Caygill lashed out at such suggestions


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD told ) ( NP ( NNS reporters ) ) ( PP-LOC ( IN in ) ( NP ( NNP Wellington ) ) ) ( NP-TMP ( NNP Tuesday ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN government ) ) ( VP ( VP ( VBD had ) ( RB n't ) ( VP ( VBN guaranteed ) ( NP ( NP ( DT the ) ( NNS loans ) ) ( PP ( TO to ) ( NP ( NP ( NNP DFC ) ( NNP New ) ( NNP Zealand ) ( NNP Ltd. ) ) ( NP ( NP ( DT an ) ( NN investment ) ( NN bank ) ) ( ADJP ( JJ 80%-owned ) ( PP ( IN by ) ( NP ( DT the ) ( NNP National ) ( NNP Provident ) ( NNP Fund ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( MD would ) ( RB n't ) ( VP ( VB bail ) ( NP ( PRP it ) ) ( PRT ( RP out ) ) ) ) ) ) ) ) )

He told reporters in Wellington Tuesday that the government had n't guaranteed the loans to DFC New Zealand Ltd. an investment bank 80%-owned by the National Provident Fund and would n't bail it out


( S ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( MD may ) ( ADVP ( RB very ) ( RB well ) ) ( VP ( VB be ) ( SBAR-NOM-PRD ( WHNP-43 ( WP what ) ) ( S ( NP-SBJ ( DT the ) ( JJ Japanese ) ( NNS banks ) ) ( VP ( VBP want ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD told ) ( NP ( NNP Radio ) ( NNP New ) ( NNP Zealand ) ) ) )

It may very well be what the Japanese banks want he told Radio New Zealand


( S ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ irresponsible ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBP am ) ( RB not ) ( ADJP-PRD ( IN about ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN blackmailed ) ( PP ( IN by ) ( NP-LGS ( NP ( JJ Japanese ) ( NNS banks ) ) ( CC or ) ( NP ( DT any ) ( JJ other ) ( JJ international ) ( NNS interests ) ) ) ) ) ) ) ) ) ) ) )

I think it would be irresponsible and I am not about to be blackmailed by Japanese banks or any other international interests


( SINV ( ADJP-PRD-TPC-1 ( ADJP ( DT No ) ( RBR less ) ( JJ significant ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( JJ Japanese ) ( NNS banks ) ( POS ' ) ) ( NN attempt ) ( S ( VP ( TO to ) ( VP ( VB cut ) ( PRT ( RP off ) ) ( NP ( NNS funds ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB pressure ) ( NP ( DT a ) ( JJ foreign ) ( NN government ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBP are ) ) ( NP-SBJ ( NP ( DT the ) ( NNS implications ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN confrontation ) ) ( PP ( IN between ) ( NP ( NP ( NNP Japan ) ( NNS securities ) ) ( CC and ) ( NP ( VBG banking ) ( NNS industries ) ) ) ) ) ) ) )

No less significant than the Japanese banks ' attempt to cut off funds to pressure a foreign government are the implications of a confrontation between Japan securities and banking industries


( S ( NP-SBJ ( NN Anxiety ) ) ( VP ( VBZ is ) ( VP ( VBG rising ) ( PP ( IN over ) ( NP ( JJ recent ) ( NN government ) ( NNS proposals ) ( S ( VP ( TO to ) ( VP ( ADVP-TMP ( RB eventually ) ) ( VB lower ) ( NP ( NP ( DT the ) ( JJ strict ) ( NNS barriers ) ) ( SBAR ( WHNP-44 ( WDT that ) ) ( S ( ADVP-TMP ( RB now ) ) ( VP ( VBP separate ) ( PRN ( CC and ) ( VBP protect ) ) ( NP ( DT the ) ( CD two ) ( NNS industries ) ) ( PP-CLR ( IN from ) ( NP ( DT each ) ( JJ other ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Anxiety is rising over recent government proposals to eventually lower the strict barriers that now separate and protect the two industries from each other


( S ( S ( NP-SBJ ( DT Both ) ( NNS sides ) ) ( VP ( VBP are ) ( VP ( ADVP-MNR ( RB jealously ) ) ( VBG guarding ) ( NP ( PRP$ their ) ( NN turf ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNS relations ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( PP-LOC-PRD ( IN at ) ( NP ( DT a ) ( NN flashpoint ) ) ) ( PP-TMP ( IN for ) ( NP ( NNS months ) ) ) ) ) ) )

Both sides are jealously guarding their turf and relations have been at a flashpoint for months


( S ( NP-SBJ-1 ( DT The ) ( NNS banks ) ) ( VP ( ADVP-MNR ( RB badly ) ) ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB break ) ( PP-CLR ( IN into ) ( NP ( NP ( DT all ) ( NNS aspects ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS securities ) ( NN business ) ) ) ) ) ) ) ) ) )

The banks badly want to break into all aspects of the securities business


( S ( ADVP-TMP ( RB Meanwhile ) ) ( NP-SBJ ( NP ( DT the ) ( NNS securities ) ( NNS companies ) ) ( PRN ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ( ADJP ( ADJP ( JJR smaller ) ) ( PP ( IN than ) ( NP ( DT the ) ( NNS banks ) ) ) ) ) ) ) ( VP ( VBP are ) ( VP ( VBG seeking ) ( NP ( NP ( NN access ) ) ( PP ( ADVP ( RB only ) ) ( TO to ) ( NP ( NP ( JJ limited ) ( NNS kinds ) ) ( PP ( IN of ) ( NP ( NN banking ) ) ) ( SBAR ( WHNP-45 ( WDT that ) ) ( S ( VP ( MD would ) ( RB n't ) ( VP ( VB open ) ( NP ( PRP them ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( JJ full ) ( NN brunt ) ) ( PP ( IN of ) ( NP ( NP ( NN competition ) ) ( PP ( IN from ) ( NP ( DT the ) ( NNS banks ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Meanwhile the securities companies most of them smaller than the banks are seeking access only to limited kinds of banking that would n't open them to the full brunt of competition from the banks


( S ( NP-SBJ ( NP ( NP ( NNP Nomura ) ) ( NP ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJS biggest ) ( NNS securities ) ( NN company ) ) ( PP ( ADVP ( RB largely ) ) ( IN by ) ( NP ( NP ( NN virtue ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ protected ) ( NN home ) ( NN field ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NP ( NNP Industrial ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Japan ) ) ) ) ( NP ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( ADJP ( ADJP ( RBS most ) ( JJ innovative ) ) ( CC and ) ( ADJP ( JJ aggressive ) ) ) ( NN bank ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN capital ) ( NNS markets ) ) ( ADVP-LOC ( RB abroad ) ) ) ) ) ) ) ( VP ( VBP captain ) ( NP ( DT the ) ( VBG opposing ) ( NNS sides ) ) ) )

Nomura the world 's biggest securities company largely by virtue of its protected home field and Industrial Bank of Japan Japan 's most innovative and aggressive bank in capital markets abroad captain the opposing sides


( S ( CC And ) ( NP-SBJ ( NP ( PRP$ their ) ( NNS suspicions ) ) ( PP ( IN of ) ( NP ( DT each ) ( JJ other ) ) ) ) ( VP ( VBP run ) ( ADVP-MNR ( RB deep ) ) ) )

And their suspicions of each other run deep


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ past ) ( NN year ) ) ) ( NP-SBJ-1 ( DT both ) ) ( VP ( VBP have ) ( VP ( VBN tried ) ( S ( VP ( TO to ) ( VP ( VB stretch ) ( NP ( NP ( DT the ) ( NNS limits ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( NNS businesses ) ) ) ) ) ) ) ) ) )

In the past year both have tried to stretch the limits of their businesses


( S ( NP-SBJ-3 ( NNP Nomura ) ) ( VP ( VBD started ) ( NP ( NP ( DT a ) ( NN credit-card ) ( NN venture ) ) ) ( PP ( IN with ) ( NP ( NNP American ) ( NNP Express ) ( NNP Co. ) ) ) ( SBAR-2 ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD allowed ) ( S ( NP-SBJ ( NNS cardholders ) ) ( VP ( TO to ) ( VP ( VB use ) ( NP ( PRP$ their ) ( NNP Nomura ) ( NNS securities ) ( NNS accounts ) ) ( PP-MNR ( IN like ) ( NP ( DT a ) ( NN bank ) ( NN account ) ) ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG attracting ) ( NP ( NP ( DT the ) ( NN wrath ) ) ( PP ( IN of ) ( NP ( NNS banks ) ) ) ) ) ) ) )

Nomura started a credit-card venture with American Express Co. that allowed cardholders to use their Nomura securities accounts like a bank account attracting the wrath of banks


( S ( CC And ) ( NP-SBJ ( NP ( NNP Industrial ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Japan ) ) ) ) ( VP ( VBD started ) ( PRT ( RP up ) ) ( NP ( NP ( DT a ) ( NNP London ) ( NNS securities ) ( NN subsidiary ) ) ( SBAR ( WHNP-46 ( WDT that ) ) ( S ( VP ( VBZ sells ) ( NP ( JJ Japanese ) ( NNS stocks ) ) ( PP-DTV ( TO to ) ( NP ( NP ( JJ non-Japanese ) ( NNS institutions ) ) ( ADVP-LOC ( RB overseas ) ) ) ) ) ) ) ) ( NP-ADV ( NP ( DT a ) ( NN move ) ) ( SBAR ( WHNP-47 ( WDT that ) ) ( S ( VP ( VBD stirred ) ( NP ( NP ( DT the ) ( NN anger ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN stock ) ( NN brokerage ) ( NNS firms ) ) ) ) ) ) ) ) ) )

And Industrial Bank of Japan started up a London securities subsidiary that sells Japanese stocks to non-Japanese institutions overseas a move that stirred the anger of the stock brokerage firms


( S ( NP-SBJ ( DT The ) ( NNP New ) ( NNP Zealand ) ( NN bond ) ( NN issue ) ) ( ADVP-MNR ( RB simply ) ) ( VP ( VBZ has ) ( VP ( VBN brought ) ( S ( NP-SBJ ( DT the ) ( CD two ) ( NNS institutions ) ) ( ADVP-PRD ( RB face-to-face ) ) ) ) ) )

The New Zealand bond issue simply has brought the two institutions face-to-face


( S ( NP-SBJ ( NP ( NP ( NNP Norway ) ( POS 's ) ) ( NN unemployment ) ( NN rate ) ) ( PP ( IN for ) ( NP ( NNP October ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( CD 3.6 ) ( NN % ) ) ( UCP ( ADJP ( JJ unchanged ) ( PP ( IN from ) ( NP ( NNP September ) ) ) ) ( CC but ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( NP ( CD 2.6 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ same ) ( NN month ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) ) ) ) ) )

Norway 's unemployment rate for October was 3.6 % unchanged from September but up from 2.6 % in the same month last year


( S ( S-TPC-2 ( NP-SBJ ( DT The ) ( NN figure ) ) ( VP ( VBZ excludes ) ( NP ( NP ( DT a ) ( NN record ) ( NN number ) ) ( VP ( VBN employed ) ( PP ( IN by ) ( NP-LGS ( JJ extraordinary ) ( NN government ) ( NN work ) ( NNS programs ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Labor ) ( NNP Directorate ) ) ( VP ( VBD announced ) ( NP-TMP ( NNP Tuesday ) ) ) )

The figure excludes a record number employed by extraordinary government work programs the Labor Directorate announced Tuesday


( S ( PP ( VBG Including ) ( NP ( NP ( DT those ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN state ) ( NNS programs ) ) ) ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( NP ( NP ( CD 143,800 ) ( NNPS Norwegians ) ) ) ( CC or ) ( NP ( NP ( QP ( IN about ) ( CD 6.5 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN work ) ( NN force ) ) ) ) ) ( PP ( IN without ) ( NP ( JJ permanent ) ( NN employment ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP October ) ) ) ( ADVP-1 ( RB up ) ( PP ( IN from ) ( NP ( NP ( NNP September ) ( POS 's ) ) ( CD 136,800 ) ) ) ) ) )

Including those in the state programs there were 143,800 Norwegians or about 6.5 % of the work force without permanent employment in October up from September 's 136,800


( S ( NP-SBJ ( NP ( DT The ) ( NN number ) ) ( PP ( IN of ) ( NP ( NP ( NNS people ) ) ( VP ( VBN registered ) ( PP-CLR ( IN as ) ( ADJP ( JJ jobless ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( NNP October ) ) ) ) ) ) ) ) ) ( VP ( VBD declined ) ( PP-EXT ( IN by ) ( NP ( CD 900 ) ) ) ( PP-DIR ( IN from ) ( NP-TMP ( NNP September ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 78,600 ) ) ) ) )

The number of people registered as jobless at the end of October declined by 900 from September to 78,600


( S ( S-TPC-2 ( NP-SBJ ( NP ( DT Those ) ) ( VP ( VBN employed ) ( PP-LOC-CLR ( IN in ) ( NP ( JJ state-funded ) ( JJ special ) ( NNS programs ) ) ) ) ) ( VP ( VBN increased ) ( PP-EXT ( IN by ) ( NP ( CD 7,400 ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 65,200 ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ same ) ( NN period ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Directorate ) ) ( VP ( VBD said ) ) )

Those employed in state-funded special programs increased by 7,400 to 65,200 in the same period the Directorate said


( S ( PP-TMP ( IN In ) ( NP ( NNP October ) ( CD 1988 ) ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( CD 40,800 ) ( JJR fewer ) ) ( VP ( VBN employed ) ( PP ( IN by ) ( NP-LGS ( NN government ) ( NNS programs ) ) ) ) ) ) )

In October 1988 there were 40,800 fewer employed by government programs