( S ( S-2 ( NP-SBJ ( NP ( NNS Conservatives ) ) ( VP ( VBG pushing ) ( PP-CLR ( IN for ) ( NP ( DT a ) ( JJ line-item ) ( NN veto ) ) ) ( ADVP-TMP ( RB now ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ notes ) ) ) ) ( VP ( MD may ) ( VP ( VB regret ) ( NP ( PRP it ) ) ( ADVP-TMP ( RB later ) ) ) ) ) ( S ( ADVP-TMP ( RB Sometime ) ) ( NP-SBJ-3 ( PRP you ) ) ( VP ( VBP 're ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( JJ Democratic ) ( NN president ) ) ) ( ADVP-TMP ( RB again ) ) ( SBAR-1 ( WHNP-4 ( WP who ) ) ( S ( VP ( MD 'll ) ( VP ( VB use ) ( NP ( PRP$ his ) ( JJ expanded ) ( NNS powers ) ) ( PP-CLR ( IN against ) ( NP ( DT those ) ( ADJP ( JJ very ) ( JJ same ) ) ( NNS conservatives ) ) ) ) ) ) ) ) ) ) ) ) ) )

Conservatives pushing for a line-item veto now he notes may regret it later Sometime you 're going to have a Democratic president again who 'll use his expanded powers against those very same conservatives


( S ( NP-SBJ-2 ( NP ( DT Every ) ( NN order ) ( NN resolution ) ( CC or ) ( NN vote ) ) ( SBAR ( WHPP-1 ( TO to ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NN concurrence ) ) ( PP ( IN of ) ( NP ( DT the ) ( NX ( NX ( NNP Senate ) ) ( CC and ) ( NX ( NX ( NNP House ) ) ( PP ( IN of ) ( NP ( NNPS Representatives ) ) ) ) ) ) ) ) ( VP ( MD may ) ( VP ( VB be ) ( ADJP-PRD ( JJ necessary ) ) ( PRN ( PP ( IN except ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NN question ) ) ( PP ( IN of ) ( NP ( NN adjournment ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VP ( MD shall ) ( VP ( VB be ) ( VP ( VBN presented ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NNP President ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP United ) ( NNPS States ) ) ) ) ) ) ) ) ( CC and ) ( VP ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( DT the ) ( JJ same ) ) ( VP ( MD shall ) ( VP ( VB take ) ( NP ( NN effect ) ) ) ) ) ) ( MD shall ) ( VP ( VB be ) ( VP ( VBN approved ) ( PP ( IN by ) ( NP-LGS ( PRP him ) ) ) ) ) ) ( CC or ) ( VP ( S-ADV ( VP ( VBG being ) ( VP ( VBN disapproved ) ( PP ( IN by ) ( NP-LGS ( PRP him ) ) ) ) ) ) ( MD shall ) ( VP ( VB be ) ( VP ( VBN repassed ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS two-thirds ) ) ( PP ( IN of ) ( NP ( DT the ) ( NX ( NX ( NNP Senate ) ) ( CC and ) ( NX ( NX ( NNP House ) ) ( PP ( IN of ) ( NP ( NNPS Representatives ) ) ) ) ) ) ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NNS rules ) ( CC and ) ( NNS limitations ) ) ( VP ( VBN prescribed ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN case ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN bill ) ) ) ) ) ) ) ) ) ) )

Every order resolution or vote to which the concurrence of the Senate and House of Representatives may be necessary except on a question of adjournment shall be presented to the President of the United States and before the same shall take effect shall be approved by him or being disapproved by him shall be repassed by two-thirds of the Senate and House of Representatives according to the rules and limitations prescribed in the case of a bill


( S ( NP-SBJ ( NP ( NNP Appalachian ) ( NNP Power ) ( NNP Co. ) ) ( NP ( NP ( DT a ) ( NN subsidiary ) ) ( PP ( IN of ) ( NP ( NNP American ) ( NNP Electric ) ( NNP Power ) ( NNP Co. ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB redeem ) ( PP-TMP ( IN on ) ( NP ( NNP Dec. ) ( CD 1 ) ) ) ( NP ( NP ( DT the ) ( JJ entire ) ( QP ( CD 44.2 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( ADJP ( QP ( CD 12 ) ( CD 7\/8 ) ) ( NN % ) ) ( JJ first ) ( NN mortgage ) ( NNS bonds ) ) ( ADJP ( JJ due ) ( NP-TMP ( CD 2013 ) ) ) ) ) ) ) ) ) ) ) )

Appalachian Power Co. a subsidiary of American Electric Power Co. said it will redeem on Dec. 1 the entire 44.2 million of its 12 7\/8 % first mortgage bonds due 2013


( S ( NP-SBJ ( DT The ) ( NN redemption ) ( NN price ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( NP ( NP ( CD 109.66 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN principal ) ( NN amount ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS bonds ) ) ) ) ) ) ( CC plus ) ( NP ( NP ( JJ accrued ) ( NN interest ) ) ( PP-TMP ( TO to ) ( NP ( NP ( DT the ) ( NN date ) ) ( PP ( IN of ) ( NP ( NN redemption ) ) ) ) ) ) ) ) ) )

The redemption price will be 109.66 % of the principal amount of the bonds plus accrued interest to the date of redemption


( S ( NP-SBJ-1 ( NNP Montedison ) ( NNP S.p.A. ) ) ( VP ( ADVP-MNR ( RB definitively ) ) ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( ADJP ( RB publicly ) ( VBN held ) ) ( NNS shares ) ) ( PP ( IN of ) ( NP ( NNP Erbamont ) ( NNP N.V. ) ) ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( CD 37 ) ) ( NP-ADV ( DT each ) ) ) ) ) ) ) ) )

Montedison S.p.A. definitively agreed to buy all of the publicly held shares of Erbamont N.V. for 37 each


( S ( NP-SBJ ( NNP Montedison ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ owns ) ( NP ( NP ( QP ( RB about ) ( CD 72 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Erbamont ) ( POS 's ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) )

Montedison now owns about 72 % of Erbamont 's shares outstanding


( S ( NP-SBJ ( DT The ) ( NNS companies ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN accord ) ) ( VP ( VBD was ) ( VP ( ADVP-MNR ( RB unanimously ) ) ( VBN approved ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( JJ special ) ( NN committee ) ) ( PP ( IN of ) ( NP ( NP ( NNP Erbamont ) ( NNS directors ) ) ( ADJP ( JJ unaffiliated ) ( PP ( IN with ) ( NP ( NNP Montedison ) ) ) ) ) ) ) ) ) ) ) ) ) )

The companies said the accord was unanimously approved by a special committee of Erbamont directors unaffiliated with Montedison


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( NN pact ) ) ) ( NP-SBJ ( NN Montedision ) ) ( VP ( MD will ) ( VP ( VB make ) ( NP ( NP ( DT a ) ( ADJP ( JJ 37-a-share ) ) ( NN tender ) ( NN offer ) ) ( PP ( IN for ) ( NP ( NP ( NNP Erbamont ) ( NN stock ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) )

Under the pact Montedision will make a 37-a-share tender offer for Erbamont stock outstanding


( S ( NP-SBJ-1 ( DT The ) ( NN tender ) ( NN offer ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN followed ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( NP ( NNP Erbamont ) ( POS 's ) ) ( NNS assets ) ) ) ( ADJP ( JJ subject ) ( PP ( TO to ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS liabilities ) ) ) ) ) ) ) ) ( PP ( TO to ) ( NP ( NNP Montedison ) ) ) ) ) ) ) ) )

The tender offer will be followed by the sale of all of Erbamont 's assets subject to all of its liabilities to Montedison


( S ( NP-SBJ-1 ( NNP Erbamont ) ) ( VP ( MD will ) ( ADVP-TMP ( RB then ) ) ( VP ( VB be ) ( VP ( VBN liquidated ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( DT any ) ( VBG remaining ) ( NNP Erbamont ) ( NNS holders ) ) ( VP ( VBG receiving ) ( NP ( NP ( DT a ) ( NN distribution ) ) ( PP ( IN of ) ( NP ( NP ( CD 37 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) ) )

Erbamont will then be liquidated with any remaining Erbamont holders receiving a distribution of 37 a share


( S ( NP-SBJ ( DT The ) ( NNS companies ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN transaction ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN structured ) ( NP-MNR ( DT this ) ( NN way ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS laws ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNPS Netherlands ) ( NNPS Antilles ) ) ) ( SBAR ( WHPP-3 ( IN under ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-2 ( NNP Erbamont ) ) ( VP ( VBZ is ) ( VP ( VBN organized ) ) ) ) ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB provide ) ( PP-CLR ( IN for ) ( NP ( NN merger ) ( NNS transactions ) ) ) ) ) ) ) ) ) ) ) ) ) )

The companies said the transaction is being structured this way because the laws of the Netherlands Antilles under which Erbamont is organized do n't provide for merger transactions


( SINV ( ADJP-PRD-TPC-1 ( VBG Following ) ) ( VP ( VBZ is ) ) ( NP-SBJ ( NP ( DT a ) ( JJ weekly ) ( NN listing ) ) ( PP ( IN of ) ( NP ( NP ( JJ unadited ) ( JJ net ) ( NN asset ) ( NNS values ) ) ( PP ( IN of ) ( NP ( NP ( ADJP ( RB publicly ) ( VBN traded ) ) ( NN investment ) ( NN fund ) ( NNS shares ) ) ( VP ( VBN reported ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNS companies ) ) ) ( PP-TMP ( IN as ) ( PP ( IN of ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN close ) ) ) ) ) ) ) ) ) ) )

Following is a weekly listing of unadited net asset values of publicly traded investment fund shares reported by the companies as of Friday 's close


( SINV ( ADVP ( RB Also ) ) ( VP-TPC-2 ( VBN shown ) ) ( VP ( VBZ is ) ) ( NP-SBJ-1 ( NP ( NP ( DT the ) ( NN closing ) ( JJ listed ) ( NN market ) ( NN price ) ) ( CC or ) ( NP ( DT a ) ( JJ dealer-to-dealer ) ( JJ asked ) ( NN price ) ) ) ( PP ( IN of ) ( NP ( NP ( DT each ) ( NN fund ) ( POS 's ) ) ( NNS shares ) ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN percentage ) ) ( PP ( IN of ) ( NP ( NN difference ) ) ) ) ) ) )

Also shown is the closing listed market price or a dealer-to-dealer asked price of each fund 's shares with the percentage of difference


( NP-HLN ( JJ Closed ) ( NN End ) ( NN Bond ) ( NNS Funds ) )

Closed End Bond Funds


( NP-HLN ( JJ Flexible ) ( NN Portfolio ) ( NNS Funds ) )

Flexible Portfolio Funds


( NP-HLN ( JJ Specialized ) ( NN Equity ) ( CC and ) ( JJ Convertible ) ( NNS Funds ) )

Specialized Equity and Convertible Funds


( X ( X ( SYM a ) ) ( NP ( NN Ex-dividend ) ) )

a Ex-dividend


( X ( X ( SYM b ) ) ( PP-TMP ( IN As ) ( PP ( IN of ) ( NP ( NP ( NNP Thursday ) ( POS 's ) ) ( NN close ) ) ) ) )

b As of Thursday 's close


( X ( X ( SYM c ) ) ( VP ( VBN Translated ) ( PP-CLR ( IN at ) ( NP ( NNP Commercial ) ( NNP Rand ) ( NN exchange ) ( NN rate ) ) ) ) )

c Translated at Commercial Rand exchange rate


( X ( X ( SYM e ) ) ( PP ( IN In ) ( NP ( JJ Canadian ) ( NNS dollars ) ) ) )

e In Canadian dollars


( X ( X ( SYM f ) ) ( PP-TMP ( IN As ) ( PP ( IN of ) ( NP ( NP ( NNP Wednesday ) ( POS 's ) ) ( NN close ) ) ) ) )

f As of Wednesday 's close


( X ( X ( SYM z ) ) ( ADJP ( RB Not ) ( JJ available ) ) )

z Not available


( S ( NP-SBJ ( NP ( JJ Federal ) ( NN drug ) ( NNS regulators ) ) ( ADJP ( VBN concerned ) ( PP ( IN over ) ( NP ( JJ British ) ( NNS reports ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS diabetics ) ) ( VP ( VBP have ) ( VP ( VBN died ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG shifting ) ( PP-CLR ( IN from ) ( ADJP ( JJ animal ) ) ) ( PP-CLR ( TO to ) ( NP ( JJ human-based ) ( NN insulin ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP are ) ( VP ( VBG considering ) ( NP ( NP ( DT a ) ( NN study ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB see ) ( SBAR ( IN if ) ( S ( NP-SBJ ( JJ similar ) ( NNS deaths ) ) ( VP ( VB have ) ( VP ( VBN occurred ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Federal drug regulators concerned over British reports that diabetics have died after shifting from animal to human-based insulin say they are considering a study to see if similar deaths have occurred here


( S ( NP-SBJ ( DT The ) ( NNP United ) ( NNP Kingdom ) ( NNS reports ) ) ( VP ( VBD came ) ( PP-DIR ( IN from ) ( NP ( NP ( NNP Dr. ) ( NNP Patrick ) ( NNP Toseland ) ) ( NP ( NP ( NN head ) ) ( PP ( IN of ) ( NP ( JJ clinical ) ( NN chemistry ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NP ( NNP Guy ) ( POS 's ) ) ( NNP Hospital ) ) ( PP-LOC ( IN in ) ( NP ( NNP London ) ) ) ) ) ) ) ) ) )

The United Kingdom reports came from Dr. Patrick Toseland head of clinical chemistry at Guy 's Hospital in London


( S ( PP-LOC ( IN In ) ( NP ( DT a ) ( NN telephone ) ( NN interview ) ) ) ( NP-TMP ( NNP Friday ) ) ( NP-SBJ ( NNP Dr. ) ( NNP Toseland ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN number ) ) ( PP ( IN of ) ( NP ( NP ( JJ sudden ) ( JJ unexplained ) ( NNS deaths ) ) ( PP ( IN of ) ( NP ( NNS diabetics ) ) ) ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN seen ) ( NP-TMP ( DT this ) ( NN year ) ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( CD 17 ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( RB just ) ( CD two ) ) ( PP-TMP ( IN in ) ( NP ( CD 1985 ) ) ) ) ) ) ) ) ) ) ) )

In a telephone interview Friday Dr. Toseland said the number of sudden unexplained deaths of diabetics he had seen this year was 17 compared with just two in 1985


( S ( S-TPC-2 ( NP-SBJ ( NP ( QP ( IN At ) ( JJS least ) ( CD six ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS deaths ) ) ) ) ( VP ( VBD occurred ) ( PP-LOC ( IN among ) ( NP ( NP ( ADJP ( RB relatively ) ( JJ young ) ) ( NNS diabetics ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN switched ) ( PP-CLR ( IN from ) ( NP ( NN animal ) ) ) ( PP-CLR ( TO to ) ( NP ( JJ human ) ( NN insulin ) ) ) ( PP-TMP ( IN within ) ( NP ( DT the ) ( JJ past ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

At least six of the deaths occurred among relatively young diabetics who had switched from animal to human insulin within the past year he said


( S ( NP-SBJ ( NP ( NNP Dr. ) ( NNP Solomon ) ( NNP Sobel ) ) ( NP ( NP ( NN director ) ) ( PP ( IN of ) ( NP ( NN metabolism ) ( CC and ) ( JJ endrocrine ) ( NN drug ) ( NNS products ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP U.S. ) ( NNP Food ) ( CC and ) ( NNP Drug ) ( NNP Administration ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP FDA ) ( NNS officials ) ) ( VP ( VBP have ) ( VP ( VBN discussed ) ( NP ( NP ( NNP Dr. ) ( NNP Toseland ) ( POS 's ) ) ( NNS findings ) ) ( ADVP-MNR ( RB fairly ) ( RB intensively ) ) ) ) ) ) ) )

Dr. Solomon Sobel director of metabolism and endrocrine drug products for the U.S. Food and Drug Administration said FDA officials have discussed Dr. Toseland 's findings fairly intensively


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT no ) ( NNS reports ) ) ( PP ( IN of ) ( NP ( NP ( JJ similar ) ( JJ sudden ) ( JJ unexplained ) ( NNS deaths ) ) ( PP-LOC ( IN among ) ( NP ( NP ( NNS diabetics ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Dr. ) ( NNP Sobel ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NNP FDA ) ) ( VP ( VP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB examine ) ( NP ( NP ( NNP Dr. ) ( NNP Toseland ) ( POS 's ) ) ( NN evidence ) ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( VP ( VBG considering ) ( NP ( NP ( PRP$ its ) ( JJ own ) ( NN study ) ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ) ) ) )

While there have been no reports of similar sudden unexplained deaths among diabetics in the U.S. Dr. Sobel said the FDA plans to examine Dr. Toseland 's evidence and is considering its own study here


( S ( NP-SBJ ( NP ( NNP Dr. ) ( NNP Toseland ) ) ( NP ( DT a ) ( NN toxicologist ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBG preparing ) ( NP-2 ( DT an ) ( NN article ) ) ( PP-CLR ( IN for ) ( NP ( DT a ) ( JJ British ) ( JJ forensic ) ( JJ medical ) ( NN journal ) ) ) ( S-ADV ( VP ( VBG raising ) ( NP ( DT the ) ( NN possibility ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNS deaths ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN occurred ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( JJ human ) ( NN insulin ) ) ( VP ( VBD blunted ) ( NP ( NP ( JJ critical ) ( NN warning ) ( NNS signs ) ) ( VP ( VBG indicating ) ( NP ( NP ( NP ( NN hypoglycemia ) ) ( CC or ) ( NP ( JJ low ) ( NN blood ) ( NN sugar ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD can ) ( VP ( VB kill ) ( NP ( NNS diabetics ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Dr. Toseland a toxicologist said he was preparing an article for a British forensic medical journal raising the possibility that the deaths may have occurred after human insulin blunted critical warning signs indicating hypoglycemia or low blood sugar which can kill diabetics


( S ( NP-SBJ ( NP ( DT The ) ( JJ usual ) ( NN warning ) ( NNS signs ) ) ( PP ( IN of ) ( NP ( NN hypoglycemia ) ) ) ) ( VP ( VBP include ) ( NP ( NN sweating ) ( NN anxiety ) ( CC and ) ( NNS cramps ) ) ) )

The usual warning signs of hypoglycemia include sweating anxiety and cramps


( S ( PP ( IN With ) ( NP ( JJ proper ) ( NN warning ) ) ) ( NP-SBJ-1 ( NNS diabetics ) ) ( VP ( MD can ) ( VP ( ADVP-MNR ( RB easily ) ) ( VB raise ) ( NP ( PRP$ their ) ( NN blood ) ( NN sugar ) ) ( PP-CLR ( TO to ) ( NP ( JJ safe ) ( NNS levels ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG eating ) ( NP ( NP ( NN sugar ) ) ( CC or ) ( NP ( JJ sugary ) ( NN food ) ) ) ) ) ) ) ) )

With proper warning diabetics can easily raise their blood sugar to safe levels by eating sugar or sugary food


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( JJ anecdotal ) ( NN data ) ) ( ADVP ( RB certainly ) ) ( VP ( VBZ shows ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS people ) ) ) ) ( VP ( VBD were ) ( RB not ) ( ADJP-PRD ( JJ aware ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ rapid ) ( NN onset ) ) ( PP ( IN of ) ( NP ( NN hypoglycemia ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Dr. ) ( NNP Toseland ) ) ( VP ( VBD said ) ) )

The anecdotal data certainly shows that some of the people were not aware of the rapid onset of hypoglycemia Dr. Toseland said


( S ( PP-LOC ( IN At ) ( NP ( NP ( DT the ) ( NNP U.S. ) ( NNP National ) ( NNP Institutes ) ) ( PP ( IN of ) ( NP ( NNP Health ) ) ) ) ) ( NP-SBJ ( NP ( NNP Dr. ) ( NNP Robert ) ( NNP E. ) ( NNP Silverman ) ) ( NP ( NP ( NN chief ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN diabetes ) ( NN program ) ( NN branch ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT no ) ( NN evidence ) ) ( PP ( IN of ) ( NP ( NP ( JJ unexpected ) ( NNS deaths ) ) ( PP ( IN from ) ( NP ( NN hypoglycemia ) ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN shown ) ( PRT ( RP up ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN study ) ) ( PP ( IN of ) ( NP ( CD 1,500 ) ( NNS diabetics ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN been ) ( PP-PRD ( IN under ) ( NP ( NN way ) ) ) ( PP-LOC ( IN at ) ( NP ( NNP NIH ) ) ) ( PP-TMP ( IN for ) ( NP ( CD five ) ( NNS years ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

At the U.S. National Institutes of Health Dr. Robert E. Silverman chief of the diabetes program branch said no evidence of unexpected deaths from hypoglycemia had shown up in a study of 1,500 diabetics that has been under way at NIH for five years


( S ( ADVP ( RB However ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNS officials ) ) ( VP ( VBG conducting ) ( NP ( DT the ) ( NN study ) ) ) ) ( VP ( VBD had ) ( RB n't ) ( VP ( VBN been ) ( VP ( VBG looking ) ( PP-CLR ( IN for ) ( NP ( NP ( NNS signs ) ) ( PP ( IN of ) ( NP ( NP ( NNS problems ) ) ( ADJP ( VBN related ) ( PP ( TO to ) ( NP ( NN hypoglycemia ) ( NN unawareness ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

However he said officials conducting the study had n't been looking for signs of problems related to hypoglycemia unawareness


( S ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB now ) ) ( VP ( VBG monitoring ) ( PP-CLR ( IN for ) ( NP ( PRP it ) ) ) ( ADVP-MNR ( RB much ) ( RBR more ) ( RB closely ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

We are now monitoring for it much more closely he said


( S ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP do ) ( VP ( VB know ) ( SBAR ( S ( NP-SBJ ( EX there ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( JJ slight ) ( NNS differences ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN way ) ) ( SBAR ( S ( NP-SBJ ( ADJP ( JJ human ) ( CC and ) ( JJ animal ) ) ( NNS insulins ) ) ( VP ( VBP drive ) ( PRT ( RP down ) ) ( NP ( NN blood ) ( NN sugar ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Dr. ) ( NNP Sobel ) ) ( VP ( VBD said ) ) )

We do know there are slight differences in the way human and animal insulins drive down blood sugar Dr. Sobel said


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( JJ human-based ) ( NN drug ) ) ( VP ( VP ( VBZ starts ) ( NP ( DT the ) ( NN blood ) ( NN sugar ) ( VBG dropping ) ) ( ADVP-TMP ( RBR sooner ) ) ) ( CC and ) ( VP ( VBZ drives ) ( NP ( PRP it ) ) ( PRT ( RP down ) ) ( ADVP-MNR ( RBR faster ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

The human-based drug starts the blood sugar dropping sooner and drives it down faster he said


( S ( S-TPC-1 ( CC But ) ( NP-SBJ ( PRP we ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB believe ) ( SBAR ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ enough ) ( PP ( IN of ) ( NP ( DT a ) ( NN difference ) ) ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( RB clinically ) ( JJ significant ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Dr. ) ( NNP Sobel ) ) ( VP ( VBD said ) ) )

But we do n't believe there is enough of a difference to be clinically significant Dr. Sobel said


( S ( NP-SBJ ( NP ( NNS Reports ) ) ( PP ( IN of ) ( NP ( NP ( NNP Dr. ) ( NNP Toseland ) ( POS 's ) ) ( NNS findings ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ British ) ( NN press ) ) ) ) ( VP ( VBP have ) ( VP ( VBN triggered ) ( NP ( JJ widespread ) ( NN concern ) ) ( PP-LOC ( IN among ) ( NP ( NP ( NNS diabetics ) ) ( ADVP-LOC ( RB there ) ) ) ) ) ) )

Reports of Dr. Toseland 's findings in the British press have triggered widespread concern among diabetics there


( S ( NP-SBJ ( DT Both ) ( NP ( DT the ) ( NNP British ) ( NNP Diabetic ) ( NNP Association ) ) ( CC and ) ( NP ( NP ( DT the ) ( NNP Committee ) ) ( PP ( IN on ) ( NP ( NP ( NNP Safety ) ) ( PP-LOC ( IN in ) ( NP ( NNP Medicines ) ) ) ) ) ( PRN ( NP ( NP ( NP ( NNP Britain ) ( POS 's ) ) ( NN equivalent ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP U.S. ) ( NNP FDA ) ) ) ) ) ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD issued ) ( NP ( NP ( NNS statements ) ) ( VP ( VBG noting ) ( NP ( NP ( DT the ) ( NN lack ) ) ( PP ( IN of ) ( NP ( NP ( JJ hard ) ( JJ scientific ) ( NN evidence ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB support ) ( NP ( NP ( NNP Dr. ) ( NNP Toseland ) ( POS 's ) ) ( NNS findings ) ) ) ) ) ) ) ) ) ) ) ) )

Both the British Diabetic Association and the Committee on Safety in Medicines Britain 's equivalent of the U.S. FDA recently issued statements noting the lack of hard scientific evidence to support Dr. Toseland 's findings


( S ( PP-TMP ( IN On ) ( NP ( NNP Friday ) ) ) ( NP-SBJ ( DT the ) ( NNP American ) ( NNP Diabetes ) ( NNP Association ) ) ( VP ( VBD issued ) ( NP ( NP ( DT a ) ( JJ similar ) ( NN statement ) ) ( VP ( VBG urging ) ( NP-1 ( DT the ) ( QP ( CD six ) ( CD million ) ) ( NNP U.S. ) ( NNS diabetics ) ) ( S ( RB not ) ( VP ( TO to ) ( VP ( VB overreact ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ British ) ( NN report ) ) ) ) ) ) ) ) ) )

On Friday the American Diabetes Association issued a similar statement urging the six million U.S. diabetics not to overreact to the British report


( S ( S-TPC-2 ( NP-SBJ ( NP ( DT A ) ( NN loss ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN warning ) ( NNS symptoms ) ) ( PP ( IN of ) ( NP ( NN hypoglycemia ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ complex ) ( NN problem ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( RB very ) ( JJ unlikely ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADVP-PRD ( RB due ) ( PP ( ADVP ( RB simply ) ) ( TO to ) ( NP ( NP ( DT the ) ( NN type ) ) ( PP ( IN of ) ( NP ( NN insulin ) ) ) ( VP ( VBN used ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ American ) ( NN association ) ) ( VP ( VBD said ) ) )

A loss of the warning symptoms of hypoglycemia is a complex problem that is very unlikely to be due simply to the type of insulin used the American association said


( S ( NP-SBJ ( DT The ) ( NNP FDA ) ) ( ADVP-TMP ( RB already ) ) ( VP ( VBZ requires ) ( S ( NP-SBJ ( NN drug ) ( NNS manufacturers ) ) ( VP ( TO to ) ( VP ( VB include ) ( NP ( NNS warnings ) ) ( PP-CLR ( IN with ) ( NP ( NN insulin ) ( NNS products ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( NP ( NNS symptoms ) ) ( PP ( IN of ) ( NP ( NN hypoglycemia ) ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( ADJP ( RBR less ) ( JJ pronounced ) ) ( PP ( IN with ) ( NP ( JJ human ) ( NN insulin ) ) ) ( PP ( IN than ) ( PP ( IN with ) ( NP ( JJ animal-based ) ( NNS products ) ) ) ) ) ) ) ) ) ) ) ) )

The FDA already requires drug manufacturers to include warnings with insulin products that symptoms of hypoglycemia are less pronounced with human insulin than with animal-based products


( S ( NP-SBJ ( NP ( NNP Eli ) ( NNP Lilly ) ( CC & ) ( NNP Co. ) ) ( NP ( DT the ) ( JJ Indianapolis-based ) ( NN drug ) ( NN manufacturer ) ) ) ( VP ( VBZ dominates ) ( NP ( DT the ) ( NNP U.S. ) ( JJ human ) ( NN insulin ) ( NN market ) ) ( PP ( IN with ) ( NP ( NP ( PRP$ its ) ( NN product ) ) ( VP ( VBN known ) ( PP-CLR ( IN as ) ( NP ( NNP Humulin ) ) ) ) ) ) ) )

Eli Lilly & Co. the Indianapolis-based drug manufacturer dominates the U.S. human insulin market with its product known as Humulin


( S ( NP-SBJ ( NNP Lilly ) ) ( VP ( VBZ is ) ( VP ( VBG building ) ( NP ( NP ( NNS plants ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( DT the ) ( NN insulin ) ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Indianapolis ) ) ( CC and ) ( NP ( NP ( NNP Fagershein ) ) ( NP-LOC ( NNP France ) ) ) ) ) ) ) )

Lilly is building plants to make the insulin in Indianapolis and Fagershein France


( S ( PP-LOC ( IN In ) ( NP ( PRP$ its ) ( JJS latest ) ( JJ annual ) ( NN report ) ) ) ( NP-SBJ ( NNP Lilly ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Humulin ) ( NNS sales ) ) ( VP ( VBP have ) ( VP ( VBN shown ) ( NP ( JJ excellent ) ( NN growth ) ) ) ) ) ) ) )

In its latest annual report Lilly said Humulin sales have shown excellent growth


( S ( NP-SBJ ( NNP Lilly ) ( NNS officials ) ) ( VP ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD had ) ( VP ( VBN seen ) ( NP ( NP ( NNS reports ) ) ( PP ( IN of ) ( NP ( NP ( JJ hypoglycemic ) ( NN unawareness ) ) ( PP-LOC ( IN among ) ( NP ( NP ( DT some ) ( NNS patients ) ) ( VP ( VBG making ) ( NP ( NP ( DT the ) ( NN shift ) ) ( PP ( IN from ) ( ADJP ( JJ animal ) ) ) ( PP ( TO to ) ( NP ( JJ human ) ( NN insulin ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB know ) ( SBAR ( IN if ) ( S ( NP-SBJ ( DT the ) ( NN problem ) ) ( VP ( VBD had ) ( VP ( VBN caused ) ( NP ( DT any ) ( NNS deaths ) ) ) ) ) ) ) ) ) )

Lilly officials said they had seen reports of hypoglycemic unawareness among some patients making the shift from animal to human insulin but did n't know if the problem had caused any deaths


( S ( NP-SBJ ( NP ( NNP Dr. ) ( NNP Leigh ) ( NNP Thompson ) ) ( NP ( DT a ) ( NNP Lilly ) ( NN group ) ( NN vice ) ( NN president ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ clinical ) ( NNS trials ) ) ( PP ( IN of ) ( NP ( CC both ) ( PRP$ its ) ( ADJP ( JJ animal ) ( CC and ) ( JJ human-based ) ) ( NNS insulins ) ) ) ) ( VP ( VBD indicated ) ( NP ( NP ( DT no ) ( NN difference ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN level ) ) ( PP ( IN of ) ( NP ( NN hypoglycemia ) ) ) ) ) ( PP-LOC ( IN between ) ( NP ( NP ( NNS users ) ) ( PP ( IN of ) ( NP ( DT either ) ( NN product ) ) ) ) ) ) ) ) ) ) )

Dr. Leigh Thompson a Lilly group vice president said the company 's clinical trials of both its animal and human-based insulins indicated no difference in the level of hypoglycemia between users of either product


( S ( NP-SBJ ( NNP Dr. ) ( NNP Toseland ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ British ) ( NNS diabetics ) ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD died ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG taking ) ( NP ( NP ( DT a ) ( JJ human-based ) ( NN insulin ) ) ( VP ( VBN made ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Novo\/Nordisk ) ) ( NP ( DT a ) ( JJ Danish ) ( NN manufacturer ) ) ) ) ) ) ) ) ) ) ) ) )

Dr. Toseland said most of the British diabetics who died had been taking a human-based insulin made by Novo\/Nordisk a Danish manufacturer


( S ( NP-SBJ ( NP ( NN None ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS diabetics ) ) ) ) ( VP ( VBD were ) ( VP ( VBG using ) ( NP ( NP ( NNP Lilly ) ( POS 's ) ) ( NN insulin ) ) ) ) )

None of the diabetics were using Lilly 's insulin


( S ( NP-SBJ ( NP ( NNP Milton ) ( NNP Petrie ) ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP Petrie ) ( NNPS Stores ) ( NNP Corp. ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( NP ( PRP$ his ) ( ADJP ( CD 15.2 ) ( NN % ) ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( NNP Deb ) ( NNPS Shops ) ( NNP Corp. ) ) ) ) ( PP-DTV ( TO to ) ( NP ( NNP Petrie ) ( NNP Stores ) ) ) ) ) ) ) ) ) ) ) )

Milton Petrie chairman of Petrie Stores Corp. said he has agreed to sell his 15.2 % stake in Deb Shops Corp. to Petrie Stores


( S ( PP-LOC ( IN In ) ( NP ( DT a ) ( NNPS Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ( VBG filing ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Petrie ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( PP-TMP ( IN on ) ( NP ( NNP Oct. ) ( CD 26 ) ) ) ( NP-SBJ-1 ( NNP Petrie ) ( NNPS Stores ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB purchase ) ( NP ( NP ( NNP Mr. ) ( NNP Petrie ) ( POS 's ) ) ( CD 2,331,100 ) ( NNP Deb ) ( NNPS Shops ) ( NNS shares ) ) ) ) ) ) ) ) ) )

In a Securities and Exchange Commission filing Mr. Petrie said that on Oct. 26 Petrie Stores agreed to purchase Mr. Petrie 's 2,331,100 Deb Shops shares


( S ( NP-SBJ ( DT The ) ( NN transaction ) ) ( VP ( MD will ) ( VP ( VB take ) ( NP ( NN place ) ) ( NP-TMP ( NN tomorrow ) ) ) ) )

The transaction will take place tomorrow


( S ( NP-SBJ ( DT The ) ( NN filing ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Petrie ) ( NNPS Stores ) ) ( PP ( IN of ) ( NP-LOC ( NP ( NNP Secaucus ) ) ( NP ( NNP N.J. ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG purchasing ) ( NP ( NP ( NNP Mr. ) ( NNP Petrie ) ( POS 's ) ) ( NNP Deb ) ( NNPS Shops ) ( NN stake ) ) ( PP-CLR ( IN as ) ( NP ( DT an ) ( NN investment ) ) ) ) ) ) ) ) )

The filing said Petrie Stores of Secaucus N.J. is purchasing Mr. Petrie 's Deb Shops stake as an investment


( S ( S-TPC-3 ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( NNP Petrie ) ( NNPS Stores ) ) ( VP ( VBZ has ) ( VP ( VBN considered ) ( S ( VP ( VBG seeking ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( DT the ) ( VBG remaining ) ( NN equity ) ) ( PP ( IN of ) ( NP ( NNP Deb ) ( NNPS Stores ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( NP ( DT no ) ( JJ current ) ( NN intention ) ( S ( VP ( TO to ) ( VP ( VB pursue ) ( NP ( PDT such ) ( DT a ) ( NN possibility ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN filing ) ) ( VP ( VBD said ) ) )

Although Petrie Stores has considered seeking to acquire the remaining equity of Deb Stores it has no current intention to pursue such a possibility the filing said


( S ( NP-SBJ ( JJ Philadelphia-based ) ( NNP Deb ) ( NNPS Shops ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD saw ) ( NP ( JJ little ) ( NN significance ) ) ( PP-LOC-CLR ( IN in ) ( S-NOM ( NP-SBJ ( NNP Mr. ) ( NNP Petrie ) ) ( VP ( VBG selling ) ( NP ( PRP$ his ) ( NN stock ) ) ( PP-CLR ( TO to ) ( NP ( NNP Petrie ) ( NNPS Stores ) ) ) ) ) ) ) ) ) ) )

Philadelphia-based Deb Shops said it saw little significance in Mr. Petrie selling his stock to Petrie Stores


( SINV ( S-TPC-2 ( NP-SBJ ( PRP We ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VP ( NN look ) ( PP-CLR ( IN at ) ( NP ( PRP it ) ) ) ) ( CC and ) ( VP ( VB say ) ( S ( INTJ ( UH Oh ) ( PRP$ my ) ( NNP God ) ) ( NP-SBJ-1 ( NN something ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB happen ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Stanley ) ( NNP Uhr ) ) ( NP ( NP ( NN vice ) ( NN president ) ) ( CC and ) ( NP ( JJ corporate ) ( NN counsel ) ) ) ) )

We did n't look at it and say Oh my God something is going to happen said Stanley Uhr vice president and corporate counsel


( S ( NP-SBJ ( NNP Mr. ) ( NNP Uhr ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Petrie ) ) ( CC or ) ( NP ( PRP$ his ) ( NN company ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG accumulating ) ( NP ( NNP Deb ) ( NNPS Shops ) ( NN stock ) ) ( PP-TMP ( IN for ) ( NP ( JJ several ) ( NNS years ) ) ) ( S-ADV ( NP-TMP ( DT each ) ( NN time ) ) ( VP ( VBG issuing ) ( NP ( DT a ) ( JJ similar ) ( JJ regulatory ) ( NN statement ) ) ) ) ) ) ) ) ) ) )

Mr. Uhr said that Mr. Petrie or his company have been accumulating Deb Shops stock for several years each time issuing a similar regulatory statement


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT no ) ( NNS discussions ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBP are ) ( VP ( VBG taking ) ( NP ( NN place ) ) ( PP-LOC ( IN between ) ( NP ( DT the ) ( CD two ) ( NNS companies ) ) ) ) ) ) ) ) )

He said no discussions currently are taking place between the two companies


( S ( NP-SBJ ( NNP MEDICINE ) ( NNP SHOPPE ) ( NNP INTERNATIONAL ) ( NNP Inc. ) ) ( VP ( VP ( VBD declared ) ( NP ( DT a ) ( JJ 3-for-2 ) ( NN stock ) ( NN split ) ) ) ( CC and ) ( VP ( ADVP-MNR ( RB substantially ) ) ( VBD boosted ) ( NP ( DT the ) ( NN dividend ) ( NN payout ) ) ) ) )

MEDICINE SHOPPE INTERNATIONAL Inc. declared a 3-for-2 stock split and substantially boosted the dividend payout


( S ( NP-SBJ ( NP ( DT The ) ( NN franchiser ) ) ( PP ( IN of ) ( NP ( NNS pharmacies ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( JJ added ) ( NNS shares ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN distributed ) ( NP-TMP ( NNP Dec. ) ( CD 4 ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NN stock ) ) ( PP ( IN of ) ( NP ( NN record ) ) ) ( NP-TMP ( NNP Nov. ) ( CD 13 ) ) ) ) ) ) ) ) ) ) )

The franchiser of pharmacies said the added shares will be distributed Dec. 4 to stock of record Nov. 13


( S ( NP-SBJ-4 ( DT The ) ( NN company ) ) ( ADVP ( RB also ) ) ( VP ( VBD changed ) ( NP ( NP ( PRP$ its ) ( NN dividend ) ( NN policy ) ) ( SBAR ( WHPP-2 ( IN under ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NNS holders ) ) ( VP ( VBD had ) ( VP ( VBN received ) ( NP ( DT an ) ( JJ annual ) ( ADJP ( CD 10 ) ( JJ cents-a-share ) ) ( NN payment ) ) ) ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG declaring ) ( NP ( NP ( DT a ) ( JJ four-cents-a-share ) ( NN dividend ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN paid ) ( ADVP-TMP ( RB quarterly ) ) ( PP ( IN on ) ( NP ( JJ post-split ) ( NNS shares ) ) ) ) ) ) ) ) ) ) ) ) ) )

The company also changed its dividend policy under which holders had received an annual 10 cents-a-share payment by declaring a four-cents-a-share dividend to be paid quarterly on post-split shares


( S ( NP-SBJ ( NNP Lockheed ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB trim ) ( NP ( NP ( PRP$ its ) ( NNP Aeronautical ) ( NNP Systems ) ( NN work ) ( NN force ) ) ( PP-LOC ( IN in ) ( NP ( NNP California ) ( CC and ) ( NNP Georgia ) ) ) ) ( PP-EXT ( IN by ) ( NP ( JJ several ) ( CD hundred ) ( NNS workers ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( DT the ) ( NN defense ) ( NN industry ) ( POS 's ) ) ( NN decline ) ) ) ) ) ) ) ) ) )

Lockheed Corp. said it will trim its Aeronautical Systems work force in California and Georgia by several hundred workers reflecting the defense industry 's decline


( S ( S ( NP-SBJ ( DT The ) ( NNP Lockheed ) ( NN unit ) ) ( VP ( VBZ has ) ( NP ( CD 24,000 ) ( NNS workers ) ) ) ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( DT the ) ( NNS cuts ) ) ( PP-MNR ( IN through ) ( NP ( NP ( DT a ) ( NN combination ) ) ( PP ( IN of ) ( NP ( NNS furloughs ) ( NN attrition ) ( CC and ) ( NNS retirements ) ) ) ) ) ) ) ) ) ) )

The Lockheed unit has 24,000 workers it expects to make the cuts through a combination of furloughs attrition and retirements


( S ( S-TPC-3 ( NP-SBJ ( DT The ) ( NNS reductions ) ) ( VP ( MD should ) ( VP ( VB be ) ( ADJP-PRD ( JJ complete ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN year ) ) ) ) ) ) ) ) ( NP-SBJ-4 ( DT a ) ( NN spokesman ) ) ( VP ( VBD said ) ( S-ADV ( VP ( VBG adding ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( JJ exact ) ( NN number ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN cut ) ) ) ) ) ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN been ) ( VP ( VBN determined ) ) ) ) ) ) ) ) ) )

The reductions should be complete by the end of the year a spokesman said adding that the exact number to be cut has n't been determined


( S ( NP-SBJ ( NNP Lockheed ) ) ( VP ( VBD reported ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 32 ) ( CD million ) ) ) ( JJ third-quarter ) ( JJ net ) ( NN loss ) ) ( PP-PRP ( ADVP ( RB largely ) ) ( IN because ) ( IN of ) ( NP ( NP ( NN cost ) ( NNS overruns ) ) ( PP-LOC ( IN on ) ( NP ( JJ fixed-price ) ( JJ military ) ( NNS contracts ) ) ) ) ) ) ) )

Lockheed reported a 32 million third-quarter net loss largely because of cost overruns on fixed-price military contracts


( S ( S-ADV ( VP ( VBG Noting ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ other ) ( NN defense ) ( NNS contractors ) ) ( VP ( VBP are ) ( VP ( VBG complaining ) ( PP-CLR ( IN of ) ( NP ( NP ( NNS losses ) ) ( PP-LOC ( IN on ) ( NP ( JJ such ) ( NNS contracts ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNS analysts ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NNS taxpayers ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG getting ) ( NP ( NP ( JJ illusionary ) ( NNS bargains ) ) ( PP-LOC ( IN on ) ( NP ( NNS weapons ) ( NNS systems ) ) ) ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS years ) ) ) ) ) ) ) ) ) )

Noting that other defense contractors are complaining of losses on such contracts analysts say taxpayers have been getting illusionary bargains on weapons systems in recent years


( SINV ( S-TPC-2 ( NP-SBJ-1 ( NN Defense ) ( NNS contractors ) ) ( VP ( MD can ) ( RB not ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB get ) ( NP ( NNS contracts ) ) ( PP ( IN on ) ( NP ( DT that ) ( NN basis ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Howard ) ( NNP Rubel ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NP ( NNP C.J. ) ( NNP Lawrence ) ( NNP Morgan ) ( NNP Grenfell ) ( NNP Inc. ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ) ) )

Defense contractors can not continue to get contracts on that basis said Howard Rubel an analyst with C.J. Lawrence Morgan Grenfell Inc. in New York


( S ( NP-SBJ ( DT The ) ( NN pain ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB too ) ( JJ great ) ) ) )

The pain is too great


( S ( NP-SBJ ( DT THE ) ( NNP YALE ) ( JJ POLITICAL ) ( NN UNION ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB pay ) ( NP ( DT an ) ( NN honorarium ) ) ( PP-DTV ( TO to ) ( NP ( NNS speakers ) ) ) ) ) )

THE YALE POLITICAL UNION does n't pay an honorarium to speakers


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Thursday ) ( POS 's ) ) ( NN edition ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( VP ( ADVP-MNR ( RB incorrectly ) ) ( VBN indicated ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN union ) ) ( VP ( VBD had ) ( VP ( VBN paid ) ( NP ( DT a ) ( NN fee ) ) ( PP-DTV ( TO to ) ( NP ( JJ former ) ( NNP House ) ( NNP Speaker ) ( NNP Jim ) ( NNP Wright ) ) ) ) ) ) ) ) ) )

In Thursday 's edition it was incorrectly indicated that the union had paid a fee to former House Speaker Jim Wright


( S ( NP-SBJ ( NNP Nelson ) ( NNPS Holdings ) ( NNP International ) ( NNP Ltd. ) ( NNS shareholders ) ) ( VP ( VBD approved ) ( NP ( NP ( DT a ) ( JJ 1-for-10 ) ( NN consolidation ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ common ) ( NN stock ) ) ) ) ( PP-LOC ( IN at ) ( NP ( DT a ) ( JJ special ) ( NN meeting ) ) ) ) )

Nelson Holdings International Ltd. shareholders approved a 1-for-10 consolidation of the company 's common stock at a special meeting


( S ( PP-TMP ( IN At ) ( NP ( DT the ) ( JJ same ) ( NN time ) ) ) ( NP-SBJ ( NNS shareholders ) ) ( VP ( VBD approved ) ( NP ( NP ( DT the ) ( NN adoption ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NNS rights ) ( NN plan ) ) ( CC and ) ( NP ( DT a ) ( JJ super-majority ) ( NN voting ) ( NN approval ) ( NN requirement ) ) ) ) ) ) )

At the same time shareholders approved the adoption of a rights plan and a super-majority voting approval requirement


( S ( NP-SBJ ( PRP They ) ) ( ADVP ( RB also ) ) ( VP ( VBD approved ) ( NP ( NP ( NP ( DT the ) ( NN relocation ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ registered ) ( NN office ) ) ) ( PP ( TO to ) ( NP ( NNP Toronto ) ) ) ( PP ( IN from ) ( NP ( NNP Vancouver ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN name ) ( NN change ) ) ( PP ( TO to ) ( NP ( NNP NHI ) ( NNP Nelson ) ( NNPS Holdings ) ( NNP International ) ( NNP Ltd ) ) ) ) ) ) )

They also approved the relocation of the company 's registered office to Toronto from Vancouver and a name change to NHI Nelson Holdings International Ltd


( S ( PP-TMP ( VBG Following ) ( NP ( DT the ) ( NN consolidation ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN entertainment ) ( NN company ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ has ) ( NP ( NN film ) ( CC and ) ( NN television ) ( NNS operations ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Beverly ) ( NNP Hills ) ) ( NP ( NNP Calif. ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB have ) ( NP ( NP ( QP ( RB about ) ( CD 4.1 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) )

Following the consolidation the entertainment company which has film and television operations in Beverly Hills Calif. will have about 4.1 million shares outstanding


( S ( NP-SBJ ( NP ( DT The ) ( NN number ) ) ( PP ( IN of ) ( NP ( JJ authorized ) ( JJ common ) ( NNS shares ) ) ) ) ( VP ( MD will ) ( VP ( VB remain ) ( PP-CLR ( IN at ) ( NP ( CD 100 ) ( CD million ) ) ) ) ) )

The number of authorized common shares will remain at 100 million


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( NNS rights ) ( NN plan ) ) ) ( NP-SBJ ( NNS holders ) ) ( VP ( MD will ) ( VP ( VB have ) ( NP ( CD one ) ( NN right ) ) ( PP ( IN for ) ( NP ( NP ( DT each ) ( JJ common ) ( NN share ) ) ( VP ( VBN held ) ) ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( DT each ) ( NN right ) ) ( VP ( VBG entitling ) ( NP ( NP ( DT the ) ( NN purchase ) ) ( PP ( IN of ) ( NP ( CD one ) ( JJ common ) ( NN share ) ) ) ( PP ( IN for ) ( NP ( CD 100 ) ( JJ Canadian ) ( NNS dollars ) ) ) ) ) ) ) ) ) )

Under the rights plan holders will have one right for each common share held with each right entitling the purchase of one common share for 100 Canadian dollars


( S ( NP-SBJ-1 ( DT The ) ( NNS rights ) ( NN plan ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN triggered ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-2 ( DT a ) ( NN person ) ( CC or ) ( NN group ) ) ( VP ( VBZ acquires ) ( NP ( NP ( CD 20 ) ( NN % ) ( QP ( CC or ) ( JJR more ) ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ common ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ( PP ( IN without ) ( S-NOM ( VP ( VBG making ) ( NP ( DT an ) ( NN offer ) ) ( PP-CLR ( TO to ) ( NP ( DT all ) ( NNS shareholders ) ) ) ) ) ) ) ) ) ) ) ) )

The rights plan would be triggered if a person or group acquires 20 % or more of the common shares outstanding without making an offer to all shareholders


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( JJ super-majority ) ( NN amendment ) ) ) ( NP-SBJ ( NP ( JJ certain ) ( NNS mergers ) ) ( CC and ) ( NP ( JJ other ) ( NNS transactions ) ) ) ( VP ( MD would ) ( VP ( VB require ) ( NP ( NP ( NN approval ) ) ( PP ( IN of ) ( NP ( NP ( NNS holders ) ) ( PP ( IN of ) ( NP ( NP ( CD 80 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ common ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) ) ) ) ) )

Under the super-majority amendment certain mergers and other transactions would require approval of holders of 80 % of the company 's common shares outstanding


( S ( NP-SBJ-1 ( NNP October ) ( NN employment ) ( NNS data ) ) ( ADVP ( RB also ) ) ( VP ( MD could ) ( VP ( VB turn ) ( PRT ( RP out ) ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT the ) ( ADJP ( RBS most ) ( JJ confusing ) ) ) ) ) ) ) ) )

October employment data also could turn out to be the most confusing


( S ( PP-LOC ( IN On ) ( NP ( DT the ) ( NN surface ) ) ) ( NP-SBJ-1 ( DT the ) ( JJ overall ) ( NN unemployment ) ( NN rate ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( ADVP-MNR ( RB little ) ) ( VBN changed ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP September ) ( POS 's ) ) ( CD 5.3 ) ( NN % ) ) ) ) ) ) ) ) ) )

On the surface the overall unemployment rate is expected to be little changed from September 's 5.3 %


( S ( S-TPC-2 ( CC But ) ( NP-SBJ-3 ( NP ( DT the ) ( JJ actual ) ( NN head ) ( NN count ) ) ( PP ( IN of ) ( NP ( JJ non-farm ) ( NN employment ) ( NN payroll ) ( NNS jobs ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN muddied ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN impact ) ) ( PP ( IN of ) ( NP ( NP ( NNP Hurricane ) ( NNP Hugo ) ) ( NP ( NNS strikes ) ) ( CC and ) ( NP ( JJ less-than-perfect ) ( JJ seasonal ) ( NNS adjustments ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNS economists ) ) ( VP ( VBD said ) ) )

But the actual head count of non-farm employment payroll jobs is likely to be muddied by the impact of Hurricane Hugo strikes and less-than-perfect seasonal adjustments economists said


( S ( NP-SBJ ( DT The ) ( NN consensus ) ( NN view ) ) ( VP ( VBZ calls ) ( PP-CLR ( IN for ) ( NP ( NP ( DT an ) ( JJ overall ) ( NN job ) ( NN gain ) ) ( PP ( IN of ) ( NP ( CD 155,000 ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( NNP September ) ( POS 's ) ) ( CD 209,000 ) ( NN increase ) ) ) ) ) ) ) )

The consensus view calls for an overall job gain of 155,000 compared with September 's 209,000 increase


( S ( CC But ) ( NP-SBJ-3 ( NP ( DT the ) ( JJ important ) ( NNS factory-jobs ) ( NN segment ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( NP-TMP ( JJ last ) ( NN month ) ) ( VP ( VP ( VBD plunged ) ( PP-EXT ( IN by ) ( NP ( CD 103,000 ) ( NNS positions ) ) ) ) ( CC and ) ( VP ( VBD raised ) ( NP ( NN recession ) ( NNS fears ) ) ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RBS most ) ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN skewed ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN month ) ( POS 's ) ) ( JJ unusual ) ( NNS events ) ) ) ) ) ) ) ) ) )

But the important factory-jobs segment which last month plunged by 103,000 positions and raised recession fears is most likely to be skewed by the month 's unusual events


( S ( NP-SBJ ( NP ( JJ Several ) ( JJ other ) ( NNS reports ) ) ) ( VP ( VBN come ) ( PP-TMP ( IN before ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NNS jobs ) ( NNS data ) ) ) ( PP-1 ( VBG including ) ( NP ( NP ( NP ( NP ( DT the ) ( NNP September ) ( JJ leading ) ( NNS indicators ) ( NN index ) ) ( NP ( JJ new-home ) ( NNS sales ) ) ( CC and ) ( NP ( NNP October ) ( JJ agricultural ) ( NNS prices ) ( NNS reports ) ) ) ( ADJP ( JJ due ) ( ADVP ( RB out ) ) ( NP-TMP ( NN tomorrow ) ) ) ) ( NP ( NP ( NP ( NP ( DT the ) ( NNP October ) ( NN purchasing ) ( NNS managers ) ( POS ' ) ) ( NN index ) ) ( CC and ) ( NP ( NNP September ) ( NX ( NX ( NN construction ) ( NN spending ) ) ( CC and ) ( NX ( NP ( NNS manufacturers ) ( POS ' ) ) ( NNS orders ) ) ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Wednesday ) ) ) ) ( CC and ) ( NP ( NP ( NNP October ) ( JJ chain-store ) ( NNS sales ) ) ( PP-TMP ( IN on ) ( NP ( NNP Thursday ) ) ) ) ) ) ) )

Several other reports come before Friday 's jobs data including the September leading indicators index new-home sales and October agricultural prices reports due out tomorrow the October purchasing managers ' index and September construction spending and manufacturers ' orders on Wednesday and October chain-store sales on Thursday


( S ( NP-SBJ ( NNP Friday ) ) ( VP ( VBZ brings ) ( NP ( NP ( DT the ) ( JJ final ) ( NN count ) ) ( PP ( IN on ) ( NP ( NNP October ) ( NN auto ) ( NNS sales ) ) ) ) ) )

Friday brings the final count on October auto sales


( SINV ( S-TPC-1 ( NP-SBJ-2 ( DT The ) ( NN employment ) ( NN report ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ difficult ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB interpret ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Michael ) ( NNP Englund ) ) ( NP ( NP ( NN economist ) ) ( PP ( IN with ) ( NP ( NP ( NNP MMS ) ( NNP International ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NP ( NNP McGraw-Hill ) ( NNP Inc. ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ) ) ) ) ) ) )

The employment report is going to be difficult to interpret said Michael Englund economist with MMS International a unit of McGraw-Hill Inc. New York


( S ( NP-SBJ ( NNP Mr. ) ( NNP Englund ) ) ( VP ( VBD added ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NP ( JJ next ) ( NN month ) ( POS 's ) ) ( NN data ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( RB much ) ( JJR better ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN distorted ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP San ) ( NNP Francisco ) ( POS 's ) ) ( NN earthquake ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Englund added that next month 's data is n't likely to be much better because it will be distorted by San Francisco 's earthquake


( S ( SBAR-ADV ( WHNP-1 ( WP What ) ) ( S ( VP ( VBZ 's ) ( NP-PRD ( JJR more ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ believes ) ( SBAR ( S ( NP-SBJ ( NP ( JJ seasonal ) ( NNS swings ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN auto ) ( NN industry ) ) ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( VP ( VBP are ) ( RB n't ) ( VP ( VBG occurring ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( JJ same ) ( NN time ) ) ( PP ( IN as ) ( PP ( IN in ) ( NP ( DT the ) ( NN past ) ) ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( NN production ) ( CC and ) ( NN pricing ) ( NNS differences ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBP are ) ( VP ( VBG curbing ) ( NP ( NP ( DT the ) ( NN accuracy ) ) ( PP ( IN of ) ( NP ( NP ( JJ seasonal ) ( NNS adjustments ) ) ( VP ( VBN built ) ( PP-CLR ( IN into ) ( NP ( DT the ) ( NN employment ) ( NN data ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

What 's more he believes seasonal swings in the auto industry this year are n't occurring at the same time as in the past because of production and pricing differences that are curbing the accuracy of seasonal adjustments built into the employment data


( S ( NP-SBJ-1 ( NP ( NP ( NNP Wednesday ) ( POS 's ) ) ( NN report ) ) ( PP ( IN from ) ( NP ( DT the ) ( VBG purchasing ) ( NNS agents ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN watched ) ( S-PRP ( VP ( TO to ) ( VP ( VB see ) ( SBAR ( IN if ) ( S ( NP-SBJ ( DT the ) ( NN index ) ) ( VP ( VBZ maintains ) ( NP ( NP ( DT a ) ( NN level ) ) ( PP-LOC ( IN below ) ( NP ( CD 50 ) ( NN % ) ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( PP-TMP ( IN for ) ( NP ( NP ( DT the ) ( JJ past ) ( NN couple ) ) ( PP ( IN of ) ( NP ( NNS months ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Wednesday 's report from the purchasing agents will be watched to see if the index maintains a level below 50 % as it has for the past couple of months


( S ( NP-SBJ ( NP ( DT A ) ( NN reading ) ) ( PP ( IN of ) ( NP ( QP ( JJR less ) ( IN than ) ( CD 50 ) ) ( NN % ) ) ) ) ( VP ( VBZ indicates ) ( NP ( NP ( DT an ) ( NN economy ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ is ) ( ADVP ( RB generally ) ) ( VP ( VBG contracting ) ) ) ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NP ( DT a ) ( NN reading ) ) ( PP-LOC ( IN above ) ( NP ( CD 50 ) ( NN % ) ) ) ) ( VP ( VBZ indicates ) ( NP ( NP ( DT an ) ( NN economy ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ 's ) ( VP ( VBG expanding ) ) ) ) ) ) ) ) ) ) )

A reading of less than 50 % indicates an economy that is generally contracting while a reading above 50 % indicates an economy that 's expanding


( S ( NP-SBJ ( NP ( NNP Samuel ) ( NNP D. ) ( NNP Kahan ) ) ( NP ( NP ( JJ chief ) ( JJ financial ) ( NN economist ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Kleinwort ) ( NNP Benson ) ( NNP Government ) ( NNPS Securities ) ( NNP Inc. ) ) ( NP-LOC ( NNP Chicago ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS purchasers ) ( POS ' ) ) ( NN report ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ valuable ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB often ) ) ( VP ( VBZ presents ) ( NP ( NP ( DT the ) ( JJ first ) ( NN inkling ) ) ( PP ( IN of ) ( NP ( NP ( JJ economic ) ( NNS data ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN month ) ) ) ) ) ) ) ) ) ) ) ) ) )

Samuel D. Kahan chief financial economist at Kleinwort Benson Government Securities Inc. Chicago said that the purchasers ' report is valuable because it often presents the first inkling of economic data for the month


( S ( CC But ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ( S ( S ( NP-SBJ ( DT Some ) ( NNS people ) ) ( VP ( VBP use ) ( NP ( NP ( DT the ) ( NNS purchasers ) ( POS ' ) ) ( NN index ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( JJ leading ) ( NN indicator ) ) ) ) ) ( S ( NP-SBJ ( DT some ) ) ( VP ( VBP use ) ( NP ( PRP it ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( JJ coincident ) ( NN indicator ) ) ) ) ) ) ) )

But he added Some people use the purchasers ' index as a leading indicator some use it as a coincident indicator


( S ( CC But ) ( NP-TPC-3 ( NP ( DT the ) ( NN thing ) ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ 's ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VB measure ) ) ) ) ) ) ) ) ( PRN ( NP ( NN manufacturing ) ( NN strength ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD missed ) ( ADVP-MNR ( RB altogether ) ) ( NP-TMP ( JJ last ) ( NN month ) ) ) )

But the thing it 's supposed to measure manufacturing strength it missed altogether last month


( S ( NP-SBJ-1 ( NP ( NNP David ) ( NNP Wyss ) ) ( NP ( NP ( JJ chief ) ( JJ financial ) ( NN economist ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Data ) ( NNP Resources ) ( NNP Inc. ) ) ( NP-LOC ( NNP Boston ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS purchasers ) ( POS ' ) ) ( NN index ) ) ( VP ( VBZ does ) ( VP ( VB miss ) ( ADVP-TMP ( RB occasionally ) ) ) ) ) ) ( S-ADV ( VP ( VBG adding ) ( S ( SBAR-TMP ( WHADVP-2 ( WRB When ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ misses ) ( NP ( CD one ) ( NN month ) ) ) ) ) ( NP-SBJ-3 ( PRP it ) ) ( VP ( VBZ tends ) ( S ( VP ( TO to ) ( VP ( VB miss ) ( NP ( DT the ) ( JJ next ) ( NN month ) ) ( ADVP ( RB too ) ) ) ) ) ) ) ) ) ) )

David Wyss chief financial economist at Data Resources Inc. Boston said that the purchasers ' index does miss occasionally adding When it misses one month it tends to miss the next month too


( S ( NP-SBJ ( NP ( DT The ) ( NN consensus ) ( NN view ) ) ( PP ( IN on ) ( NP ( NNP September ) ( JJ leading ) ( NNS indicators ) ) ) ) ( VP ( VBZ calls ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( DT a ) ( NN gain ) ) ( PP ( IN of ) ( NP ( CD 0.3 ) ( NN % ) ) ) ) ( NP ( NP ( DT the ) ( JJ same ) ) ( PP ( IN as ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ) ) ) ) ) ) ) )

The consensus view on September leading indicators calls for a gain of 0.3 % the same as in August


( S ( NP-SBJ ( NNS Economists ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( ADJP ( RB greatly ) ( JJ increased ) ) ( NN consumer ) ( NN optimism ) ) ( NP ( DT a ) ( JJR larger ) ( NN money ) ( NN supply ) ) ( CC and ) ( NP ( JJR higher ) ( NN stock ) ( NNS prices ) ) ) ( VP ( VBD helped ) ( S ( VP ( VB lift ) ( NP ( DT the ) ( NN index ) ) ) ) ) ) ) ) )

Economists said greatly increased consumer optimism a larger money supply and higher stock prices helped lift the index


( S ( NP-SBJ-1 ( NP ( DT All ) ( JJ orders-related ) ( NNS components ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNS consumer-goods ) ( NNS orders ) ) ( CC and ) ( NP ( NN building ) ( NNS permits ) ) ) ) ) ( VP ( VBP are ) ( VP ( VBN thought ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN been ) ( ADJP-PRD ( JJR weaker ) ) ) ) ) ) ) ) )

All orders-related components such as consumer-goods orders and building permits are thought to have been weaker


( S ( NP-SBJ ( NP ( NNP Data ) ( NNP Resources ) ( POS ' ) ) ( NNP Mr. ) ( NNP Wyss ) ) ( VP ( VBD added ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBG keeping ) ( NP-CLR ( NP ( DT a ) ( JJR closer ) ( NN eye ) ) ( PP ( IN than ) ( ADJP ( JJ ususal ) ) ) ) ( PP-CLR ( IN on ) ( NP ( NNP October ) ( JJ chain-store ) ( NNS sales ) ) ) ) ) ) ) ) ) )

Data Resources ' Mr. Wyss added that he will be keeping a closer eye than ususal on October chain-store sales


( S ( S-TPC-2 ( ADVP-TMP ( RB Usually ) ) ( NP-SBJ ( NNP October ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( DT a ) ( ADJP ( RB very ) ( JJ interesting ) ) ( NN month ) ) ( PP ( IN for ) ( NP ( JJ retail ) ( NNS figures ) ) ) ( SBAR-PRP ( IN because ) ( S ( S ( NP-SBJ-1 ( NN school ) ( NNS clothes ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN bought ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-3 ( NNS people ) ) ( VP ( VBP are ) ( VP ( VBG waiting ) ( PP-CLR ( IN for ) ( NP ( NNP December ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NNP Christmas ) ( NNS presents ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

Usually October is n't a very interesting month for retail figures because school clothes have been bought and people are waiting for December to buy Christmas presents he said


( S ( CC But ) ( NP-SBJ ( NNP Mr. ) ( NNP Wyss ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( MD will ) ( VP ( VB watch ) ( NP ( DT the ) ( NNS numbers ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB get ) ( NP ( NP ( DT an ) ( NN inkling ) ) ( PP ( IN of ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( NP ( NNS consumers ) ( POS ' ) ) ( JJ general ) ( NN buying ) ( NNS habits ) ) ( VP ( MD may ) ( VP ( VB slack ) ( PRT ( RP off ) ) ( ADVP ( ADVP ( RB as ) ( RB much ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP$ their ) ( NN auto-buying ) ) ( ADVP ( RB apparently ) ) ( VP ( VBZ has ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Mr. Wyss said he will watch the numbers to get an inkling of whether consumers ' general buying habits may slack off as much as their auto-buying apparently has


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD noted ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( JJR higher ) ( NN gasoline ) ( NNS prices ) ) ( VP ( MD will ) ( VP ( VB help ) ( S ( VP ( VB buoy ) ( NP ( DT the ) ( NNP October ) ( NNS totals ) ) ) ) ) ) ) ) ) )

He noted that higher gasoline prices will help buoy the October totals


( S ( NP-SBJ-2 ( JJ Seasonal ) ( NNS factors ) ) ( VP ( VBP are ) ( ADVP ( RB also ) ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN taken ) ( NP-CLR ( PRP$ their ) ( NN toll ) ) ( PP-CLR ( IN on ) ( NP ( NP ( NNP September ) ( JJ new-home ) ( NNS sales ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP are ) ( VP ( VBN believed ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN fallen ) ( ADVP-MNR ( RB sharply ) ) ( PP-DIR ( IN from ) ( NP ( NP ( NNP August ) ( POS 's ) ) ( CD 755,000 ) ( NNS units ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Seasonal factors are also expected to have taken their toll on September new-home sales which are believed to have fallen sharply from August 's 755,000 units


( S ( NP-SBJ-1 ( NN Construction ) ( NN spending ) ) ( VP ( VBZ is ) ( VP ( VBN believed ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN slipped ) ( NP-EXT ( QP ( RB about ) ( CD 0.5 ) ) ( NN % ) ) ( PP-DIR ( IN from ) ( NP ( NNP August ) ( NNS levels ) ) ) ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( NNS economists ) ) ( VP ( VBD noted ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN rate ) ) ( ADVP ( RB probably ) ) ( VP ( MD will ) ( VP ( VB pick ) ( PRT ( RP up ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NNS months ) ) ( ADVP-LOC ( RB ahead ) ) ) ) ( PP ( IN in ) ( NP ( NP ( NN response ) ) ( PP ( TO to ) ( NP ( NN hurricane ) ( CC and ) ( NN earthquake ) ( NN damage ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Construction spending is believed to have slipped about 0.5 % from August levels although economists noted the rate probably will pick up in the months ahead in response to hurricane and earthquake damage


( S ( NP-SBJ ( NP ( NNP Lion ) ( NNP Nathan ) ( NNP Ltd. ) ) ( NP ( DT a ) ( NNP New ) ( NNP Zealand ) ( NN brewing ) ( CC and ) ( NN retail ) ( NN concern ) ) ) ( VP ( VBD said ) ( NP-TMP ( NNP Friday ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNP Bond ) ( NNP Corp ) ( NNPS Holdings ) ( NNP Ltd. ) ) ( VP ( VBZ is ) ( VP ( JJ committed ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( NN transaction ) ) ( SBAR ( WHADVP-2 ( WRB whereby ) ) ( S ( NP-SBJ ( NNP Lion ) ( NNP Nathan ) ) ( VP ( MD would ) ( VP ( VB acquire ) ( NP ( NP ( CD 50 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP Bond ) ( POS 's ) ) ( JJ Australian ) ( NN brewing ) ( NNS assets ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Lion Nathan Ltd. a New Zealand brewing and retail concern said Friday that Bond Corp Holdings Ltd. is committed to a transaction whereby Lion Nathan would acquire 50 % of Bond 's Australian brewing assets


( S ( NP-SBJ ( NNP Lion ) ( NNP Nathan ) ) ( VP ( VBD issued ) ( NP ( NP ( DT a ) ( NN statement ) ) ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBG applying ) ( PP-CLR ( TO to ) ( NP ( NP ( NP ( NNP Australia ) ( POS 's ) ) ( NNP National ) ( NNPS Companies ) ( CC & ) ( NNPS Securities ) ( NNP Commission ) ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJ corporate ) ( NN watchdog ) ( NN agency ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( NN modification ) ) ( PP ( TO to ) ( NP ( NN takeover ) ( NNS regulations ) ) ) ( ADJP ( JJ similar ) ( PP ( TO to ) ( NP ( NP ( DT that ) ) ( VP ( VBN obtained ) ( PP ( IN by ) ( NP-LGS ( NNP S.A. ) ( NNP Brewing ) ( NNPS Holdings ) ( NNP Ltd ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Lion Nathan issued a statement saying it is applying to Australia 's National Companies & Securities Commission the nation 's corporate watchdog agency for a modification to takeover regulations similar to that obtained by S.A. Brewing Holdings Ltd


( S ( NP-SBJ-1 ( NP ( NNP SA ) ( NNP Brewing ) ) ( NP ( DT an ) ( JJ Australian ) ( NN brewer ) ) ) ( NP-TMP ( JJ last ) ( NNP Thursday ) ) ( VP ( VBD was ) ( VP ( VBN given ) ( NP ( NP ( NN approval ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( DT an ) ( NN option ) ) ( PP ( IN for ) ( NP ( NP ( QP ( IN up ) ( TO to ) ( CD 20 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP Bell ) ( NNPS Resources ) ( NNP Ltd. ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP Bond ) ( NNP Corp ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

SA Brewing an Australian brewer last Thursday was given approval to acquire an option for up to 20 % of Bell Resources Ltd. a unit of Bond Corp


( S ( NP-SBJ ( NNP Bell ) ( NNPS Resources ) ) ( VP ( VBZ is ) ( VP ( VBG acquiring ) ( NP ( NP ( NNP Bond ) ( POS 's ) ) ( NN brewing ) ( NNS businesses ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 2.5 ) ( CD billion ) ) ( JJ Australian ) ( NNS dollars ) ) ( PRN ( NP ( QP ( CD 1.9 ) ( CD billion ) ) ) ) ) ) ) ) )

Bell Resources is acquiring Bond 's brewing businesses for 2.5 billion Australian dollars 1.9 billion


( S ( NP-SBJ ( NNP S.A. ) ( NN brewing ) ) ( VP ( MD would ) ( VP ( VB make ) ( NP ( NP ( DT a ) ( NN takeover ) ( NN offer ) ) ( PP ( IN for ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( NNP Bell ) ( NNPS Resources ) ) ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ exercises ) ( NP ( DT the ) ( NN option ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT the ) ( NN commission ) ) ) ) ) ) )

S.A. brewing would make a takeover offer for all of Bell Resources if it exercises the option according to the commission


( S ( NP-SBJ-1 ( NP ( NNP Bond ) ( NNP Corp. ) ) ( NP ( DT a ) ( NN brewing ) ( NN property ) ( NNS media ) ( CC and ) ( NNS resources ) ( NN company ) ) ) ( VP ( VBZ is ) ( VP ( VBG selling ) ( NP ( NP ( JJ many ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS assets ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( PRP$ its ) ( NNS debts ) ) ) ) ) ) ) )

Bond Corp. a brewing property media and resources company is selling many of its assets to reduce its debts


( S ( S-TPC-1 ( NP-SBJ ( NNP Lion ) ( NNP Nathan ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( VBN concluded ) ( NN contract ) ) ( PP ( IN with ) ( NP ( NNP Bond ) ( CC and ) ( NNP Bell ) ( NNP Resources ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Douglas ) ( NNP Myers ) ) ( NP ( NP ( JJ chief ) ( NN executive ) ) ( PP ( IN of ) ( NP ( NNP Lion ) ( NNP Nathan ) ) ) ) ) )

Lion Nathan has a concluded contract with Bond and Bell Resources said Douglas Myers chief executive of Lion Nathan


( S ( NP-SBJ ( NP ( NNP PARKER ) ( NNP HANNIFIN ) ( NNP Corp. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( VP ( VBG selling ) ( NP ( CD three ) ( JJ automotive ) ( NN replacement ) ( NNS parts ) ( NNS divisions ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB retain ) ( NP ( PRP$ its ) ( NNP Automotive ) ( NNPS Connectors ) ( CC and ) ( NNP Cliff ) ( NNP Impact ) ( NNS divisions ) ) ) ) ) ) ) )

PARKER HANNIFIN Corp. which is selling three automotive replacement parts divisions said it will retain its Automotive Connectors and Cliff Impact divisions


( S ( NP-SBJ-2 ( NP ( DT The ) ( NNS divisions ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( NP-SBJ ( NNP Parker ) ( NNP Hannifin ) ) ( VP ( VBZ is ) ( VP ( VBG retaining ) ) ) ) ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN mentioned ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Thursday ) ( POS 's ) ) ( NN edition ) ) ) ) ) )

The divisions that Parker Hannifin is retaining were n't mentioned in Thursday 's edition


( S ( NP-SBJ ( NNP Kerr-McGee ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( MD will ) ( VP ( VB spend ) ( NP ( QP ( CD 42 ) ( CD million ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VP ( VB purchase ) ( NP ( NN land ) ) ) ( CC and ) ( VP ( VB relocate ) ( NP ( PRP$ its ) ( NN ammonium ) ( NN perchlorate ) ( NN storage ) ( NN facility ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NNP Clark ) ( NNP County ) ) ( NP ( NNP Nev. ) ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP Henderson ) ) ( NP ( NNP Nev ) ) ) ) ) ) ) ) ) ) ) ) ) )

Kerr-McGee Corp. said it will spend 42 million to purchase land and relocate its ammonium perchlorate storage facility to Clark County Nev. from Henderson Nev


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( MD will ) ( VP ( VB move ) ( NP ( NP ( DT the ) ( NN storage ) ) ( CC and ) ( NP ( JJ cross-blending ) ( NNS operations ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( NN site ) ) ( ADVP ( NP-ADV ( CD 23 ) ( NNS miles ) ) ( RB northeast ) ( PP ( IN of ) ( NP ( NNP Las ) ( NNP Vegas ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB distance ) ( NP ( DT the ) ( NNS operations ) ) ( PP-CLR ( IN from ) ( NP ( JJ residential ) ( NNS areas ) ) ) ) ) ) ) ) ) ) ) )

The company said it will move the storage and cross-blending operations to a site 23 miles northeast of Las Vegas to distance the operations from residential areas


( S ( NP-SBJ ( NN Ammonium ) ( NN perchlorate ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( NN oxidizer ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ is ) ( VP ( VBN mixed ) ( PP-CLR ( IN with ) ( NP ( DT a ) ( NN propellant ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( NN rocket ) ( NN fuel ) ) ( VP ( VBN used ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( DT the ) ( NN space ) ( NN shuttle ) ) ( CC and ) ( NP ( JJ military ) ( NNS rockets ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Ammonium perchlorate is an oxidizer that is mixed with a propellant to make rocket fuel used in the space shuttle and military rockets


( S ( PP-TMP ( IN In ) ( NP ( NNP May ) ( CD 1988 ) ) ) ( NP-SBJ-1 ( NP ( DT an ) ( NN ammonium ) ( NN perchlorate ) ( NN plant ) ) ( PP-LOC ( IN in ) ( NP ( NNP Henderson ) ) ) ( VP ( VBN owned ) ( PP ( IN by ) ( NP-LGS ( DT an ) ( NNP American ) ( NNP Pacific ) ( NNP Corp. ) ( NN unit ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN leveled ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NN series ) ) ( PP ( IN of ) ( NP ( NNS explosions ) ) ) ) ) ) ) )

In May 1988 an ammonium perchlorate plant in Henderson owned by an American Pacific Corp. unit was leveled by a series of explosions


( S ( PP-TMP ( IN After ) ( NP ( DT the ) ( NN explosion ) ) ) ( NP-SBJ ( NNP Kerr-McGee ) ) ( ADVP-TMP ( RB temporarily ) ) ( VP ( VBD shut ) ( PRT ( RP down ) ) ( NP ( NP ( PRP$ its ) ( NN facility ) ) ( ADVP ( RB just ) ( RB south ) ( PP ( IN of ) ( NP ( NNP Las ) ( NNP Vegas ) ) ) ) ) ( PP-PRP ( IN for ) ( NP ( DT a ) ( NN safety ) ( NN inspection ) ) ) ) )

After the explosion Kerr-McGee temporarily shut down its facility just south of Las Vegas for a safety inspection


( S ( NP-SBJ ( NP ( NNP American ) ( NNP Pacific ) ) ( CC and ) ( NP ( NNP Kerr-McGee ) ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT the ) ( QP ( JJ only ) ( CD two ) ) ( NNP U.S. ) ( NNS manufacturers ) ) ( PP ( IN of ) ( NP ( NN ammonium ) ( NN perchlorate ) ) ) ) ) )

American Pacific and Kerr-McGee are the only two U.S. manufacturers of ammonium perchlorate


( S ( S-TPC-3 ( SBAR-TMP ( WHADVP-2 ( WRB When ) ) ( S ( NP-SBJ-1 ( DT the ) ( NN plant ) ) ( VP ( VBD was ) ( VP ( VBN destroyed ) ) ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( S ( NP-SBJ ( NN everyone ) ) ( VP ( VBD got ) ( ADJP-PRD ( JJ concerned ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ same ) ( NN thing ) ) ( VP ( MD would ) ( VP ( VB happen ) ( PP-LOC ( IN at ) ( NP ( PRP$ our ) ( NN plant ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NNP KerrMcGee ) ( NN spokeswoman ) ) ( VP ( VBD said ) ) )

When the plant was destroyed I think everyone got concerned that the same thing would happen at our plant a KerrMcGee spokeswoman said


( S ( NP-SBJ ( DT That ) ) ( VP ( VBD prompted ) ( S ( NP-SBJ-1 ( NNP Kerr-McGee ) ) ( VP ( TO to ) ( VP ( VB consider ) ( S ( VP ( VBG moving ) ( NP ( DT the ) ( ADJP ( RB potentially ) ( JJ volatile ) ) ( NX ( NX ( NN storage ) ( NNS facilities ) ) ( CC and ) ( NX ( JJ cross-blending ) ( NNS operations ) ) ) ) ( ADVP-DIR ( RB away ) ( PP ( IN from ) ( NP ( NN town ) ) ) ) ) ) ) ) ) ) )

That prompted Kerr-McGee to consider moving the potentially volatile storage facilities and cross-blending operations away from town


( S ( NP-SBJ ( NNP Kerr-McGee ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VP ( VBN purchased ) ( NP ( CD 3,350 ) ( NNS acres ) ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( JJ federal ) ( NN government ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Clark ) ( NNP County ) ) ) ) ( CC and ) ( VP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB begin ) ( NP ( NN construction ) ) ( NP-TMP ( RB early ) ( JJ next ) ( NN year ) ) ) ) ) ) ) ) ) ) ) )

Kerr-McGee said it has purchased 3,350 acres from the federal government in Clark County and plans to begin construction early next year


( S ( NP-SBJ-1 ( DT The ) ( JJ new ) ( NN facility ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB begin ) ( NP ( NNS operations ) ) ( PP-TMP ( IN in ) ( NP ( JJ early ) ( CD 1991 ) ) ) ) ) ) ) ) )

The new facility is expected to begin operations in early 1991


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNP Henderson ) ( NN plant ) ) ( VP ( MD will ) ( VP ( VB continue ) ( NP ( PRP$ its ) ( JJ other ) ( JJ chemical ) ( NNS operations ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) )

The Henderson plant will continue its other chemical operations the company said


( S ( NP-SBJ ( NNP Telxon ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( NP ( PRP$ its ) ( NN vice ) ( NN president ) ) ( PP ( IN for ) ( NP ( NN manufacturing ) ) ) ) ( VP ( VBD resigned ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( PRP$ its ) ( NNP Houston ) ( NN work ) ( NN force ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN trimmed ) ( PP-EXT ( IN by ) ( NP ( NP ( CD 40 ) ( NNS people ) ) ( CC or ) ( NP ( QP ( RB about ) ( CD 15 ) ) ( NN % ) ) ) ) ) ) ) ) ) ) ) )

Telxon Corp. said its vice president for manufacturing resigned and its Houston work force has been trimmed by 40 people or about 15 %


( S ( NP-SBJ ( NP ( DT The ) ( NN maker ) ) ( PP ( IN of ) ( NP ( JJ hand-held ) ( NNS computers ) ( CC and ) ( NN computer ) ( NNS systems ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NNS personnel ) ( NNS changes ) ) ( VP ( VBD were ) ( VP ( VBN needed ) ( S-CLR ( VP ( TO to ) ( VP ( VB improve ) ( NP ( NP ( DT the ) ( NN efficiency ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN manufacturing ) ( NN operation ) ) ) ) ) ) ) ) ) ) ) ) )

The maker of hand-held computers and computer systems said the personnel changes were needed to improve the efficiency of its manufacturing operation


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN named ) ( NP ( NP ( DT a ) ( NN successor ) ) ( PP ( TO to ) ( NP ( NP ( NNP Ronald ) ( NNP Bufton ) ) ( NP ( NP ( DT the ) ( NN vice ) ( NN president ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD resigned ) ) ) ) ) ) ) ) ) ) ) ) ) )

The company said it has n't named a successor to Ronald Bufton the vice president who resigned


( S ( NP-SBJ ( PRP$ Its ) ( NNP Houston ) ( NN work ) ( NN force ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ totals ) ( NP ( CD 230 ) ) ) )

Its Houston work force now totals 230


( S ( PP-TMP ( IN During ) ( NP ( PRP$ its ) ( NN centennial ) ( NN year ) ) ) ( NP-SBJ ( DT The ) ( NNP Wall ) ( NNP Street ) ( NNP Journal ) ) ( VP ( MD will ) ( VP ( VB report ) ( NP ( NP ( NNS events ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ past ) ( NN century ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP stand ) ( PP-CLR ( IN as ) ( NP ( NP ( NNS milestones ) ) ( PP ( IN of ) ( NP ( JJ American ) ( NN business ) ( NN history ) ) ) ) ) ) ) ) ) ) ) )

During its centennial year The Wall Street Journal will report events of the past century that stand as milestones of American business history


( S ( NP-SBJ-1 ( NNP Thomas ) ( NNP Jefferson ) ) ( VP ( VBD sold ) ( NP ( NNP Congress ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN idea ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ decimal ) ( NN system ) ) ( PP ( IN for ) ( NP ( NN currency ) ) ) ) ) ) ) ( S-ADV ( ADVP ( RB thus ) ) ( VP ( VBG saving ) ( NP ( NNPS Americans ) ) ( NP ( NP ( DT the ) ( NNS headaches ) ) ( PP ( IN of ) ( NP ( NNS pounds ) ( NNS shillings ) ( CC and ) ( NNS pence ) ) ) ) ) ) ) )

Thomas Jefferson sold Congress on the idea of the decimal system for currency thus saving Americans the headaches of pounds shillings and pence


( S ( CC But ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD struck ) ( PRT ( RP out ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( JJ decimal ) ( NN system ) ) ( PP ( IN of ) ( NP ( JJ metric ) ( NNS weights ) ( CC and ) ( VBZ measures ) ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP French ) ) ( VP ( VBD had ) ( VP ( VBN invented ) ) ) ) ) ) ) ) )

But he struck out with the decimal system of metric weights and measures the French had invented


( S ( ADVP ( RB Instead ) ) ( NP-SBJ ( NNP Congress ) ) ( VP ( VBD opted ) ( PP-CLR ( IN for ) ( NP ( NP ( DT the ) ( NNS inches ) ( NNS feet ) ( CC and ) ( NNS yards ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS colonists ) ) ( VP ( VBD had ) ( VP ( VBN brought ) ( PP-CLR ( IN with ) ( NP ( PRP them ) ) ) ) ) ) ) ) ) ) )

Instead Congress opted for the inches feet and yards the colonists had brought with them


( S ( S ( NP-SBJ ( NNPS Americans ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB dislike ) ( NP ( NNS metrics ) ) ) ) ) ( S ( NP-SBJ ( PRP they ) ) ( ADVP ( RB simply ) ) ( VP ( VBD ignored ) ( NP ( PRP them ) ) ) ) )

Americans did n't dislike metrics they simply ignored them


( S ( NP-SBJ ( NNS Scientists ) ) ( VP ( VBD felt ) ( ADVP-MNR ( RB differently ) ) ) )

Scientists felt differently


( S ( PP-TMP ( IN In ) ( NP ( CD 1807 ) ) ) ( NP-SBJ ( NP ( DT the ) ( JJ Swiss ) ( NN mathematician ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD headed ) ( NP ( DT the ) ( UCP ( NNP U.S. ) ( NNP Coast ) ( CC and ) ( NNP Geodetic ) ) ( NNP Survey ) ) ) ) ) ) ( VP ( VBD made ) ( S ( NP-SBJ ( NP ( DT an ) ( NN iron ) ( NN meter ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN brought ) ( PP-CLR ( IN from ) ( NP ( NNP Europe ) ) ) ) ) ) ) ) ( NP-PRD ( NP ( DT the ) ( NN standard ) ) ( PP ( IN of ) ( NP ( NN measure ) ) ) ) ) ) )

In 1807 the Swiss mathematician who headed the U.S. Coast and Geodetic Survey made an iron meter that he had brought from Europe the standard of measure


( S ( PP-TMP ( IN By ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN century ) ) ) ) ) ( NP-SBJ ( NNS scientists ) ) ( VP ( VBD had ) ( VP ( VBN embraced ) ( NP ( DT the ) ( NN system ) ) ) ) )

By the end of the century scientists had embraced the system


( S ( NP-SBJ ( NNS Businessmen ) ) ( VP ( VBD took ) ( NP ( PRP$ their ) ( NN cue ) ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NNS engineers ) ) ) ) )

Businessmen took their cue from the engineers


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( NNP Congress ) ) ( ADVP-TMP ( RB finally ) ) ( VP ( VBD passed ) ( NP ( DT the ) ( NNP Metric ) ( NNP Conversion ) ( NNP Act ) ) ( PP-TMP ( IN in ) ( NP ( CD 1975 ) ) ) ) ) ) ( NP-SBJ ( NN industry ) ) ( VP ( VBD was ) ( ADVP-PRD ( RB far ) ( RB ahead ) ) ) )

When Congress finally passed the Metric Conversion Act in 1975 industry was far ahead


( S ( SBAR-PRP ( IN Because ) ( S ( NP-SBJ ( DT the ) ( NN law ) ) ( VP ( VBD made ) ( S ( NP-SBJ ( NN compliance ) ) ( ADJP-PRD ( JJ voluntary ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD inspired ) ( NP ( NP ( JJ little ) ( JJR more ) ) ( PP ( IN than ) ( NP ( NNS jokes ) ) ) ) ) )

Because the law made compliance voluntary it inspired little more than jokes


( S ( NP-SBJ ( DT The ) ( NN press ) ) ( VP ( VBD had ) ( NP ( DT a ) ( NN field ) ( NN day ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NNS questions ) ) ( PP ( IN about ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( VP ( MD would ) ( VP ( VB happen ) ( PP-CLR ( TO to ) ( NP ( NN six-footer ) ( NN yardstick ) ( CC and ) ( NN inchworm ) ) ) ) ) ) ) ) ) ) ) )

The press had a field day with questions about what would happen to six-footer yardstick and inchworm


( S ( NP-TMP ( NN Today ) ) ( SBAR-ADV ( IN though ) ( S ( NP-SBJ ( DT the ) ( NN public ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB barely ) ( JJ aware ) ) ) ) ) ( NP-SBJ ( NP ( NP ( JJ much ) ) ( PP ( IN of ) ( NP ( NNP U.S. ) ( NN industry ) ) ) ) ( ADVP ( RB particularly ) ) ( NP ( NP ( NNS companies ) ) ( VP ( VBG manufacturing ) ( CC or ) ( VBG selling ) ( ADVP-LOC ( RB overseas ) ) ) ) ) ( VP ( VB have ) ( VP ( VBN made ) ( S ( NP-SBJ ( NNS metrics ) ) ( ADJP-PRD ( JJ routine ) ) ) ) ) )

Today though the public is barely aware much of U.S. industry particularly companies manufacturing or selling overseas have made metrics routine


( S ( NP-SBJ ( NNP General ) ( NNP Motors ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VBZ uses ) ( NP ( JJ metric ) ( NNS terms ) ) ( PP-CLR ( IN for ) ( NP ( PRP$ its ) ( NX ( NX ( NN automobile ) ( NNS bodies ) ) ( CC and ) ( NX ( NN power ) ( NNS trains ) ) ) ) ) ) )

General Motors for example uses metric terms for its automobile bodies and power trains


( S ( PP-LOC ( IN In ) ( NP ( NN auto ) ( NN advertising ) ) ) ( ADVP ( RB however ) ) ( NP-SBJ-1 ( NP ( NNS items ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NNS wheelbases ) ) ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB still ) ) ( VP ( VBN described ) ( PP-MNR ( IN in ) ( NP ( NNS inches ) ) ) ) ) )

In auto advertising however items such as wheelbases are still described in inches


( S ( NP-SBJ ( NP ( NN Farm-machine ) ( NNS makers ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NNP Caterpillar ) ( CC and ) ( NNP Deere ) ) ) ) ( VP ( VBP work ) ( PP-MNR ( IN in ) ( NP ( DT the ) ( JJ metric ) ( NN system ) ) ) ) )

Farm-machine makers such as Caterpillar and Deere work in the metric system


( S ( NP-SBJ ( DT The ) ( NN liquor ) ( NN industry ) ) ( VP ( VBD went ) ( ADJP-PRD ( JJ metric ) ) ( ADVP-TMP ( NP ( CD 10 ) ( NNS years ) ) ( RB ago ) ) ) )

The liquor industry went metric 10 years ago


( S ( NP-SBJ ( DT The ) ( NNP Pentagon ) ) ( VP ( VBZ has ) ( VP ( VBN led ) ( NP ( DT the ) ( NN charge ) ) ( SBAR-TMP ( ADVP ( RB particularly ) ) ( IN as ) ( S ( NP-SBJ ( JJ military ) ( NNS alliances ) ) ( VP ( VBD spread ) ( ADVP-LOC-CLR ( RB world-wide ) ) ) ) ) ) ) )

The Pentagon has led the charge particularly as military alliances spread world-wide


( SINV ( S-TPC-1 ( NP-SBJ ( JJ New ) ( NNS weapons ) ( NNS systems ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADVP-PRD ( RB around ) ) ( PP-TMP ( IN until ) ( NP ( DT the ) ( JJ next ) ( NN century ) ) ) ) ) ) ( VP ( VBZ notes ) ) ( NP-SBJ ( NP ( NNP John ) ( NNP Tascher ) ) ( NP ( NP ( DT the ) ( NNP Defense ) ( NNP Department ) ( POS 's ) ) ( JJ metric ) ( NN coordinator ) ) ) )

New weapons systems will be around until the next century notes John Tascher the Defense Department 's metric coordinator


( S ( ADVP ( RB Still ) ) ( PP ( IN like ) ( NP ( DT the ) ( NN auto ) ( NNS makers ) ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( VP ( VBG dealing ) ( PP-CLR ( IN with ) ( NP ( NNP Mr. ) ( NNP Everyman ) ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NNP Pentagon ) ) ( VP ( NNS sticks ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( ADJP ( JJ tried ) ( CC and ) ( JJ true ) ) ) ) ) )

Still like the auto makers when dealing with Mr. Everyman the Pentagon sticks to the tried and true


( S ( NP-SBJ-1 ( NNS Soldiers ) ( CC and ) ( NNS sailors ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB still ) ) ( VP ( VBN measured ) ( PP-MNR ( IN in ) ( NP ( NNS inches ) ( CC and ) ( NNS pounds ) ) ) ) ) )

Soldiers and sailors are still measured in inches and pounds


( S ( NP-SBJ ( NNP SharesBase ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB reduce ) ( NP ( PRP$ its ) ( JJ 221-person ) ( NN work ) ( NN force ) ) ( PP-EXT ( IN by ) ( NP ( QP ( RB about ) ( CD 25 ) ) ( NN % ) ) ) ( ADJP ( JJ effective ) ( NP-TMP ( NN tomorrow ) ) ) ( PP ( IN in ) ( NP ( DT an ) ( NN effort ) ( S ( VP ( TO to ) ( VP ( VB stem ) ( NP ( VBG continuing ) ( NNS losses ) ) ) ) ) ) ) ) ) ) ) ) )

SharesBase Corp. said it will reduce its 221-person work force by about 25 % effective tomorrow in an effort to stem continuing losses


( S ( NP-SBJ ( NP ( DT The ) ( NN company ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ makes ) ( NP ( NN data ) ( NN base ) ( NNS systems ) ( CC and ) ( NN software ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB report ) ( NP ( DT a ) ( NN loss ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ( VP ( VBD ended ) ( NP-TMP ( NNP Sept. ) ( CD 30 ) ) ) ) ) ) ) ) ) ) ) ) )

The company which makes data base systems and software said it expects to report a loss for the third quarter ended Sept. 30


( S ( NP-SBJ ( NP ( DT The ) ( NN head ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJS largest ) ( NNS car-dealers ) ( NN group ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG telling ) ( NP-1 ( NNS dealers ) ) ( S ( VP ( TO to ) ( VP ( ADVP ( RB just ) ) ( VB say ) ( INTJ ( UH no ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NN auto ) ( NNS makers ) ) ( VP ( VBP pressure ) ( S ( NP-SBJ ( PRP them ) ) ( VP ( TO to ) ( VP ( VB stockpile ) ( NP ( NNS cars ) ) ( PP-LOC ( IN on ) ( NP ( PRP$ their ) ( NNS lots ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The head of the nation 's largest car-dealers group is telling dealers to just say no when auto makers pressure them to stockpile cars on their lots


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT an ) ( JJ open ) ( NN letter ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD will ) ( VP ( VB run ) ( NP-TMP ( NN today ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN trade ) ( NN journal ) ( NNP Automotive ) ( NNP News ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Ron ) ( NNP Tonkin ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP National ) ( NNP Car ) ( NNPS Dealers ) ( NNP Association ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( NNS dealers ) ) ( VP ( MD should ) ( VP ( VB cut ) ( NP ( PRP$ their ) ( NNS inventories ) ) ( PP-CLR ( TO to ) ( NP ( NP ( QP ( DT no ) ( JJR more ) ( IN than ) ( PDT half ) ) ( DT the ) ( NN level ) ) ( VP ( ADVP ( RB traditionally ) ) ( VBN considered ) ( S ( ADJP-PRD ( JJ desirable ) ) ) ) ) ) ) ) ) ) ) )

In an open letter that will run today in the trade journal Automotive News Ron Tonkin president of the National Car Dealers Association says dealers should cut their inventories to no more than half the level traditionally considered desirable


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Tonkin ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG feuding ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NNP Big ) ( NNP Three ) ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD took ) ( NP ( NN office ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NP ( NN half ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( NNS dealers ) ) ) ) ( VP ( VP ( VBG losing ) ( NP ( NN money ) ) ) ( CC or ) ( VP ( VBG breaking ) ( ADVP-CLR ( RB even ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NN time ) ) ( PP ( IN for ) ( NP ( NN emergency ) ( NN action ) ) ) ) ) ) ) ) )

Mr. Tonkin who has been feuding with the Big Three since he took office earlier this year said that with half of the nation 's dealers losing money or breaking even it was time for emergency action


( S ( NP-SBJ ( NNP U.S. ) ( NN car ) ( NNS dealers ) ) ( VP ( VBD had ) ( NP ( NP ( DT an ) ( NN average ) ) ( PP ( IN of ) ( NP ( NP ( NP ( CD 59 ) ( NNS days ) ( POS ' ) ) ( NN supply ) ) ( PP ( IN of ) ( NP ( NNS cars ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NNS lots ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( NNP September ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNP Ward ) ( POS 's ) ) ( NNP Automotive ) ( NNPS Reports ) ) ) ) ) )

U.S. car dealers had an average of 59 days ' supply of cars in their lots at the end of September according to Ward 's Automotive Reports


( S ( CC But ) ( NP-SBJ ( NNP Mr. ) ( NNP Tonkin ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NNS dealers ) ) ( VP ( MD should ) ( VP ( VB slash ) ( NP ( NNS stocks ) ) ( PP-CLR ( TO to ) ( NP ( QP ( IN between ) ( CD 15 ) ( CC and ) ( CD 30 ) ) ( NNS days ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NP ( DT the ) ( NNS costs ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG financing ) ( NP ( NN inventory ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Mr. Tonkin said dealers should slash stocks to between 15 and 30 days to reduce the costs of financing inventory


( S ( NP-SBJ ( PRP$ His ) ( NN message ) ) ( VP ( VBZ is ) ( VP ( VBG getting ) ( NP ( DT a ) ( JJ chilly ) ( NN reception ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Detroit ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ-1 ( DT the ) ( NNP Big ) ( NNP Three ) ( NN auto ) ( NNS makers ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB already ) ) ( VP ( VBG being ) ( VP ( VBN forced ) ( S ( VP ( TO to ) ( VP ( VB close ) ( NP ( NNS plants ) ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( JJ soft ) ( NNS sales ) ) ( CC and ) ( NP ( JJ reduced ) ( NN dealer ) ( NNS orders ) ) ) ) ) ) ) ) ) ) ) ) ) )

His message is getting a chilly reception in Detroit where the Big Three auto makers are already being forced to close plants because of soft sales and reduced dealer orders


( S ( PP-TMP ( ADVP ( RB Even ) ) ( IN before ) ( NP ( NP ( NNP Mr. ) ( NNP Tonkin ) ( POS 's ) ) ( NN broadside ) ) ) ( NP-SBJ ( DT some ) ( JJ large ) ( NNS dealers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBG cutting ) ( NP ( NNS inventories ) ) ) ) ) ) ) )

Even before Mr. Tonkin 's broadside some large dealers said they were cutting inventories


( S ( NP-SBJ ( NP ( NNP Ford ) ( NNP Motor ) ( NNP Co. ) ) ( CC and ) ( NP ( NNP Chrysler ) ( NNP Corp. ) ( NNS representatives ) ) ) ( VP ( VBD criticized ) ( NP ( NP ( NNP Mr. ) ( NNP Tonkin ) ( POS 's ) ) ( NN plan ) ) ( PP-CLR ( IN as ) ( ADJP ( JJ unworkable ) ) ) ) )

Ford Motor Co. and Chrysler Corp. representatives criticized Mr. Tonkin 's plan as unworkable


( S ( S-TPC-6 ( NP-SBJ-1 ( PRP It ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( VP ( TO to ) ( VP ( VB sound ) ( ADJP-PRD ( JJ neat ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN dealer ) ) ) ) ) ( IN except ) ( VP ( SBAR-TMP=7 ( WHADVP-4 ( WRB when ) ) ( S ( S ( NP-SBJ ( PRP$ his ) ( JJ 15-day ) ( NN car ) ( NN supply ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB include ) ( NP ( NP ( DT the ) ( ADJP ( JJ bright ) ( JJ red ) ) ( NN one ) ) ( SBAR ( WHNP-2 ( IN that ) ) ( S ( NP-SBJ-3 ( DT the ) ( NN lady ) ) ( VP ( VBZ wants ) ( S ( VP ( TO to ) ( VP ( VB buy ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-5 ( PRP she ) ) ( VP ( VBZ goes ) ( PP-DIR ( IN up ) ( NP ( DT the ) ( NN street ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB buy ) ( NP ( CD one ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NNP Chrysler ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

It is going to sound neat to the dealer except when his 15-day car supply does n't include the bright red one that the lady wants to buy and she goes up the street to buy one a Chrysler spokesman said


( S ( NP-SBJ ( NN Defense ) ( NNS intellectuals ) ) ( VP ( VBP have ) ( VP ( VBN complained ) ( PP-TMP ( IN for ) ( NP ( NNS years ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNP Pentagon ) ) ( VP ( MD can ) ( RB not ) ( VP ( VB determine ) ( NP ( NNS priorities ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( NP ( DT no ) ( NN strategy ) ) ) ) ) ) ) ) ) ) ) )

Defense intellectuals have complained for years that the Pentagon can not determine priorities because it has no strategy


( S ( NP-TMP ( JJ Last ) ( NNP April ) ) ( NP-SBJ ( NP ( DT the ) ( JJ new ) ( NN defense ) ( NN secretary ) ) ( NP ( NNP Richard ) ( NNP Cheney ) ) ) ( VP ( VBD acknowledged ) ( SBAR ( IN that ) ( S ( PP ( VBN given ) ( NP ( DT an ) ( JJ ideal ) ( NN world ) ) ) ( NP-SBJ ( PRP we ) ) ( VP ( MD 'd ) ( VP ( VB have ) ( NP ( DT a ) ( JJ nice ) ( JJ neat ) ( JJ orderly ) ( NN process ) ) ) ) ) ) ) )

Last April the new defense secretary Richard Cheney acknowledged that given an ideal world we 'd have a nice neat orderly process


( S ( S ( NP-SBJ ( PRP We ) ) ( VP ( MD 'd ) ( VP ( VB do ) ( NP ( DT the ) ( NN strategy ) ) ) ) ) ( CC and ) ( S ( ADVP ( RB then ) ) ( NP-SBJ ( PRP we ) ) ( VP ( MD 'd ) ( VP ( VP ( VB come ) ( ADVP-CLR ( RB around ) ) ) ( CC and ) ( VP ( VB do ) ( NP ( DT the ) ( NN budget ) ) ) ) ) ) )

We 'd do the strategy and then we 'd come around and do the budget


( S ( NP-SBJ ( DT This ) ( NN city ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB work ) ( NP-MNR ( DT that ) ( NN way ) ) ) ) )

This city does n't work that way


( S ( PP ( IN With ) ( NP ( NP ( DT a ) ( JJ five-year ) ( NN defense ) ( NN plan ) ) ( VP ( VBG costing ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 1.6 ) ( CD trillion ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( RB about ) ( NN time ) ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP put ) ( PRT ( RP together ) ) ( NP ( NP ( DT a ) ( NN defense ) ( NN strategy ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ works ) ( PP-LOC ( IN in ) ( NP ( NNP Washington ) ) ) ) ) ) ) ) ) ) ) ) )

With a five-year defense plan costing more than 1.6 trillion it 's about time we put together a defense strategy that works in Washington


( S ( NP-SBJ ( DT This ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB happen ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ-1 ( NNS strategists ) ) ( VP ( VP ( VBP come ) ( ADVP-DIR ( IN down ) ( PP ( IN from ) ( NP ( PRP$ their ) ( NN ivory ) ( NN tower ) ) ) ) ) ( CC and ) ( VP ( VB learn ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ real ) ( NN world ) ) ( PP ( IN of ) ( NP ( NP ( JJ limited ) ( NNS budgets ) ) ( CC and ) ( NP ( JJ uncertain ) ( NNS futures ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

This wo n't happen until strategists come down from their ivory tower and learn to work in the real world of limited budgets and uncertain futures


( S ( SBAR-ADV ( IN As ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ) ) ) ( S ( NP-SBJ-2 ( PRP we ) ) ( VP ( VBP identify ) ( NP ( NP ( JJ national ) ( NNS goals ) ) ( CC and ) ( NP ( NP ( DT the ) ( NNS threats ) ) ( PP ( TO to ) ( NP ( DT these ) ( NNS goals ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP shape ) ( NP ( NP ( DT a ) ( NN strategy ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB counter ) ( NP ( DT these ) ( NNS threats ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP determine ) ( NP ( NP ( DT the ) ( NNS forces ) ) ( VP ( VBN needed ) ( S-CLR ( VP ( TO to ) ( VP ( VB execute ) ( NP ( DT the ) ( NN strategy ) ) ) ) ) ) ) ) ) ( PP-TMP ( IN before ) ( S-NOM ( ADVP-TMP ( RB finally ) ) ( VP ( VBG forging ) ( NP ( NP ( DT the ) ( NNS budgets ) ) ( VP ( VBN needed ) ( S-CLR ( VP ( TO to ) ( VP ( VB build ) ( CC and ) ( VB maintain ) ( NP ( DT the ) ( NNS forces ) ) ) ) ) ) ) ) ) ) )

As it is we identify national goals and the threats to these goals we shape a strategy to counter these threats we determine the forces needed to execute the strategy before finally forging the budgets needed to build and maintain the forces


( S ( S ( NP-SBJ ( DT These ) ( NNS procedures ) ) ( VP ( VP ( VBP consume ) ( NP ( NP ( NNS millions ) ) ( PP ( IN of ) ( NP ( NP ( NN man-hours ) ) ( PP ( IN of ) ( NP ( NN labor ) ) ) ) ) ) ) ( CC and ) ( VP ( VB produce ) ( NP ( NP ( NNS tons ) ) ( PP ( IN of ) ( NP ( NN paper ) ) ) ) ) ) ) ( CC and ) ( S ( NP-TMP ( DT each ) ( NN year ) ) ( NP-SBJ ( NP ( PRP$ their ) ( JJ end ) ( NN product ) ) ( PRN ( NP ( DT the ) ( CD Five ) ( NN Year ) ( NN Defense ) ( NN Plan ) ) ) ) ( ADVP-TMP ( RB promptly ) ) ( VP ( VBZ melts ) ( ADVP-CLR ( RB away ) ) ) ) )

These procedures consume millions of man-hours of labor and produce tons of paper and each year their end product the Five Year Defense Plan promptly melts away


( S ( NP-SBJ ( NP ( DT The ) ( NN graph ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NN left ) ) ) ) ( VP ( VBZ shows ) ( SBAR-NOM ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( DT this ) ) ( VP ( VBZ happens ) ) ) ) ( PRN ( S ( VP ( VB see ) ( NP ( NP ( VBG accompanying ) ( NN illustration ) ) ( NP-LOC ( NP-TTL ( NNP WSJ ) ) ( NP-TMP ( NNP Oct. ) ( CD 30 ) ( CD 1989 ) ) ) ) ) ) ) ) )

The graph on the left shows how this happens see accompanying illustration WSJ Oct. 30 1989


( S ( VP ( VB Compare ) ( NP ( DT the ) ( JJ past ) ( CD eight ) ( JJ five-year ) ( NNS plans ) ) ( PP-CLR ( IN with ) ( NP ( JJ actual ) ( NNS appropriations ) ) ) ) )

Compare the past eight five-year plans with actual appropriations


( S ( NP-SBJ ( NP ( DT The ) ( NNP Pentagon ) ( POS 's ) ) ( NNS strategists ) ) ( VP ( VBP produce ) ( NP ( NP ( NNS budgets ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( ADVP ( RB simply ) ) ( VP ( MD can ) ( RB not ) ( VP ( VB be ) ( VP ( VBN executed ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP assume ) ( SBAR ( S ( NP-SBJ ( DT a ) ( NN defense ) ( NN strategy ) ) ( VP ( VBZ depends ) ( PP-CLR ( ADVP ( RB only ) ) ( IN on ) ( NP ( NNS goals ) ( CC and ) ( NNS threats ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Pentagon 's strategists produce budgets that simply can not be executed because they assume a defense strategy depends only on goals and threats


( S ( NP-SBJ ( NN Strategy ) ) ( ADVP ( RB however ) ) ( VP ( VBZ is ) ( PP-PRD ( IN about ) ( NP ( NP ( NNS possibilities ) ) ( RB not ) ( NP ( NNS hopes ) ( CC and ) ( NNS dreams ) ) ) ) ) )

Strategy however is about possibilities not hopes and dreams


( S ( PP-MNR ( IN By ) ( S-NOM ( VP ( VBG ignoring ) ( NP ( NNS costs ) ) ) ) ) ( NP-SBJ-1 ( NNP U.S. ) ( NNS strategists ) ) ( VP ( VBP abdicate ) ( NP ( NP ( PRP$ their ) ( NN responsibility ) ) ( PP ( IN for ) ( NP ( JJ hard ) ( NNS decisions ) ) ) ) ) )

By ignoring costs U.S. strategists abdicate their responsibility for hard decisions


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ puts ) ( NP ( DT the ) ( JJ real ) ( JJ strategic ) ( NNS decisions ) ) ( PP-PUT ( IN in ) ( NP ( NP ( DT the ) ( NNS hands ) ) ( PP ( IN of ) ( NP ( NP ( NNS others ) ) ( NP ( NP ( NN bean ) ( NNS counters ) ) ( NP ( NNS budgeteers ) ) ( CC and ) ( NP ( NNS pork-barrelers ) ) ) ) ) ) ) ) )

That puts the real strategic decisions in the hands of others bean counters budgeteers and pork-barrelers


( S ( NP-SBJ ( DT These ) ( NNS people ) ) ( VP ( VBP have ) ( NP ( JJ different ) ( NNS agendas ) ) ) )

These people have different agendas


( S ( CC And ) ( PP-PRP ( IN as ) ( NP ( DT a ) ( NN result ) ) ) ( PRN ( SBAR-MNR ( IN as ) ( S ( NP-SBJ ( NP ( DT the ) ( JJ recent ) ( NN vote ) ) ( PP ( IN by ) ( NP ( DT the ) ( NNP House ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB undo ) ( NP ( NP ( NNP Mr. ) ( NNP Cheney ) ( POS 's ) ) ( NN program ) ( NNS terminations ) ) ) ) ) ) ( VP ( VBZ suggests ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN preservation ) ) ( PP ( IN of ) ( NP ( NNS jobs ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG becoming ) ( NP-PRD ( NP ( DT the ) ( JJ real ) ( NN goal ) ) ( PP ( IN of ) ( NP ( NN defense ) ( NN strategy ) ) ) ) ) ) )

And as a result as the recent vote by the House to undo Mr. Cheney 's program terminations suggests the preservation of jobs is becoming the real goal of defense strategy


( SBARQ ( WHADVP-1 ( WRB How ) ) ( SINV ( MD can ) ( NP-SBJ ( PRP we ) ) ( VP ( VB turn ) ( NP ( DT this ) ( NN situation ) ) ( ADVP-CLR ( RB around ) ) ) ) )

How can we turn this situation around


( S ( NP-SBJ ( NN Reform ) ) ( VP ( VBZ starts ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Pentagon ) ) ) ) )

Reform starts in the Pentagon


( S ( NP-SBJ ( NNS Strategists ) ) ( VP ( MD should ) ( VP ( VB consider ) ( NP ( NP ( DT the ) ( NN impact ) ) ( PP ( IN of ) ( NP ( NN budget ) ( NNS uncertainties ) ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN beginning ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN planning ) ( NN process ) ) ) ) ) ) ) )

Strategists should consider the impact of budget uncertainties at the beginning of the planning process


( S ( NP-SBJ-2 ( PRP They ) ) ( VP ( MD ought ) ( S ( VP ( TO to ) ( VP ( VB examine ) ( SBAR-NOM ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( NP ( DT a ) ( NN range ) ) ( PP ( IN of ) ( NP ( ADJP ( JJ optimistic ) ( TO to ) ( JJ pessimistic ) ) ( NN budget ) ( NNS scenarios ) ) ) ) ( VP ( MD would ) ( VP ( VB change ) ( NP ( DT the ) ( NN defense ) ( NN program ) ) ) ) ) ) ) ) ) ) )

They ought to examine how a range of optimistic to pessimistic budget scenarios would change the defense program


( S ( NP-SBJ-1 ( PRP They ) ) ( VP ( MD would ) ( ADVP-TMP ( RB then ) ) ( VP ( VB develop ) ( NP ( NNS priorities ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG identifying ) ( NP ( DT the ) ( ADJP ( JJS least ) ( JJ painful ) ) ( NN program ) ( NNS cuts ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD moved ) ( PP-DIR ( PP ( IN from ) ( ADJP ( JJR higher ) ) ) ( PP ( TO to ) ( NP ( JJR lower ) ( NNS budgets ) ) ) ) ) ) ) ) ) ) ) ) )

They would then develop priorities by identifying the least painful program cuts as they moved from higher to lower budgets