( S ( NP-SBJ ( NP ( DT The ) ( NN measure ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB take ) ( NP-CLR ( NN effect ) ) ( NP-TMP ( JJ next ) ( NNP Wednesday ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB create ) ( NP ( DT a ) ( JJ two-tier ) ( NN exchange ) ( NN rate ) ) ) ) )

The measure which will take effect next Wednesday will create a two-tier exchange rate


( S ( NP-SBJ-2 ( JJ Commercial ) ( NNS transactions ) ) ( VP ( MD will ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( JJ official ) ( NN rate ) ) ( PP ( IN of ) ( NP ( NP ( QP ( IN about ) ( CD 0.63 ) ) ( NNS rubles ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN dollar ) ) ) ) ) ) ) ) ) ) ) ) ) )

Commercial transactions will continue to be based on the official rate of about 0.63 rubles to the dollar


( S ( CC But ) ( PP ( IN for ) ( NP ( NP ( JJ Soviet ) ( NNS citizens ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP travel ) ( ADVP-LOC ( RB abroad ) ) ( PP ( IN for ) ( NP ( NN business ) ( CC or ) ( NN tourism ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN rate ) ) ( VP ( MD will ) ( VP ( VB jump ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 6.26 ) ( NNS rubles ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN dollar ) ) ) ) ) ) ) )

But for Soviet citizens who travel abroad for business or tourism the rate will jump to 6.26 rubles to the dollar


( S ( NP-SBJ ( NNP Tass ) ( NN news ) ( NN agency ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN devaluation ) ) ( ADVP ( RB also ) ) ( VP ( MD will ) ( VP ( VB apply ) ( PP-CLR ( TO to ) ( NP ( NP ( NNS foreigners ) ( POS ' ) ) ( NNS transactions ) ) ) ) ) ) ) ) )

Tass news agency said the devaluation also will apply to foreigners ' transactions


( S ( CC But ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB elaborate ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ remains ) ( ADJP-PRD ( JJ unclear ) ) ( SBAR-1 ( WHADVP-2 ( WRB how ) ( RB far ) ) ( S ( NP-SBJ-3 ( NP ( JJ Western ) ( NNS tourists ) ) ( CC and ) ( NP ( NP ( NNS foreigners ) ) ( VP ( VBG living ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP Moscow ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN allowed ) ( S ( VP ( TO to ) ( VP ( VB benefit ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( VBG sweeping ) ( NN rate ) ( NN cut ) ) ) ) ) ) ) ) ) ) ) ) ) )

But it did n't elaborate and it remains unclear how far Western tourists and foreigners living in Moscow will be allowed to benefit from the sweeping rate cut


( S ( NP-SBJ ( DT The ) ( JJ current ) ( NN ruble ) ( NN rate ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB long ) ) ( VP ( VBN been ) ( PP-PRD ( IN out ) ( PP ( IN of ) ( NP ( NP ( NN line ) ) ( PP ( IN with ) ( NP ( DT the ) ( JJ black ) ( NN market ) ) ) ) ) ) ) ) )

The current ruble rate has long been out of line with the black market


( S ( SBAR-ADV ( IN As ) ( S ( NP-SBJ ( JJ Soviet ) ( NN leader ) ( NNP Mikhail ) ( NNP Gorbachev ) ) ( VP ( VBZ has ) ( VP ( VBN opened ) ( PRT ( RP up ) ) ( NP ( DT the ) ( NN country ) ) ( PP-CLR ( TO to ) ( NP ( JJ foreign ) ( NN trade ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN discrepancy ) ) ( VP ( VBZ has ) ( VP ( VBN become ) ( ADJP-PRD ( RB ever ) ( JJR greater ) ) ) ) )

As Soviet leader Mikhail Gorbachev has opened up the country to foreign trade the discrepancy has become ever greater


( S ( NP-SBJ-1 ( NP ( JJ Western ) ( NNS tourists ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Soviet ) ( NNP Union ) ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( MD could ) ( VP ( VB exchange ) ( NP ( DT a ) ( NN dollar ) ) ( ADVP-MNR ( IN albeit ) ( RB illegally ) ) ( PP-CLR ( IN for ) ( NP ( IN about ) ( CD four ) ( NNS rubles ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) ) ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB now ) ) ( VP ( VBG being ) ( VP ( VBN offered ) ( NP ( CD 15 ) ( NNS rubles ) ( QP ( CC or ) ( JJR more ) ) ) ) ) ) )

Western tourists in the Soviet Union who could exchange a dollar albeit illegally for about four rubles a year ago are now being offered 15 rubles or more


( S ( PP ( RB Even ) ( IN at ) ( NP ( JJ such ) ( NNS rates ) ) ) ( NP-SBJ-1 ( JJ black ) ( NNS marketeers ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( JJ big ) ( NNS profits ) ) ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( JJ dire ) ( NN shortage ) ) ( PP ( IN of ) ( NP ( NN consumer ) ( NNS goods ) ) ) ( ADVP-LOC ( RB here ) ) ) ) ) ) )

Even at such rates black marketeers have been able to make big profits because of the dire shortage of consumer goods here


( S ( NP-SBJ-1 ( PRP They ) ) ( VP ( VP ( VBP use ) ( NP ( NNS dollars ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( JJ Western ) ( NNS items ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( JJ video ) ( NNS recorders ) ) ( CC and ) ( NP ( JJ personal ) ( NNS computers ) ) ) ) ) ) ) ) ) ( CC and ) ( ADVP ( RB then ) ) ( VP ( VB sell ) ( NP ( PRP them ) ) ( PP-CLR ( IN at ) ( NP ( DT a ) ( JJ huge ) ( NN mark-up ) ) ) ) ) )

They use dollars to buy Western items such as video recorders and personal computers and then sell them at a huge mark-up


( S ( NP-SBJ ( NP ( DT The ) ( JJ going ) ( NN rate ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( JJ small ) ( JJ personal ) ( NN computer ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ costs ) ( NP ( QP ( IN about ) ( CD 2,000 ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN West ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( QP ( RB anywhere ) ( IN from ) ( CD 50,000 ) ( TO to ) ( CD 100,000 ) ) ( NNS rubles ) ) ) )

The going rate for a small personal computer that costs about 2,000 in the West is anywhere from 50,000 to 100,000 rubles


( S ( NP-SBJ ( NP ( RB Even ) ( DT a ) ( NN pack ) ) ( PP ( IN of ) ( NP ( CD 20 ) ( JJ Western ) ( NNS cigarettes ) ) ) ) ( VP ( MD can ) ( VP ( VB fetch ) ( NP ( CD 20 ) ( NNS rubles ) ( QP ( CC or ) ( JJR more ) ) ) ) ) )

Even a pack of 20 Western cigarettes can fetch 20 rubles or more


( S ( PP ( IN With ) ( NP ( NP ( NP ( QP ( JJR more ) ( IN than ) ( CD 300 ) ( CD billion ) ) ( NNS rubles ) ) ( PP-LOC ( IN in ) ( NP ( NN savings ) ( NNS accounts ) ) ) ) ( CC and ) ( NP ( NP ( JJ little ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB spend ) ( NP ( PRP them ) ) ( PP ( IN on ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( JJ Soviet ) ( NNS consumers ) ) ( VP ( VBP grumble ) ( PP ( IN at ) ( NP ( NP ( DT the ) ( JJ exorbitant ) ( NN black-market ) ( NNS prices ) ) ( PP ( IN for ) ( NP ( JJ such ) ( NNS goods ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP buy ) ( NP ( PRP them ) ) ( ADVP ( RB anyway ) ) ) ) )

With more than 300 billion rubles in savings accounts and little to spend them on Soviet consumers grumble at the exorbitant black-market prices for such goods but they buy them anyway


( S ( NP-SBJ-2 ( NNP Moscow ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB already ) ) ( VP ( ADVP-MNR ( RB tacitly ) ) ( VBN admitted ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN ruble ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( JJ worth ) ( RB much ) ) ) ) ) ( S-ADV ( VP ( VBG announcing ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP ( JJ Soviet ) ( NNS farmers ) ) ( PP-MNR ( IN in ) ( NP ( JJ hard ) ( NN currency ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( NN grain ) ) ( CC and ) ( NP ( JJ other ) ( NN produce ) ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP grow ) ( PP ( IN in ) ( NP ( NP ( NN excess ) ) ( PP ( IN of ) ( NP ( JJ state-plan ) ( NNS quotas ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Moscow has already tacitly admitted that the ruble is n't worth much announcing in August that it will pay Soviet farmers in hard currency for grain and other produce that they grow in excess of state-plan quotas


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT The ) ( NN absurdity ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ official ) ( NN rate ) ) ) ) ( VP ( MD should ) ( VP ( VB seem ) ( ADJP-PRD ( JJ obvious ) ) ( PP ( TO to ) ( NP ( NN everyone ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN afternoon ) ( NN newspaper ) ( NNP Izvestia ) ) ( VP ( VBD wrote ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ brief ) ( NN commentary ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN devaluation ) ) ) ) ) ) )

The absurdity of the official rate should seem obvious to everyone the afternoon newspaper Izvestia wrote in a brief commentary on the devaluation


( S ( NP-SBJ ( NP ( DT The ) ( NNP State ) ( NNP Bank ) ( POS 's ) ) ( NN move ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN drive ) ( S ( VP ( TO to ) ( VP ( VB iron ) ( PRT ( RP out ) ) ( NP ( JJ exchange-rate ) ( NNS discrepancies ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( NNP Moscow ) ) ( VP ( VBZ moves ) ( PP-DIR ( IN toward ) ( NP ( S-NOM ( VP ( VBG making ) ( S ( NP-SBJ ( DT the ) ( NN ruble ) ) ( ADJP-PRD ( JJ convertible ) ) ) ) ) ( NP ( NP ( DT a ) ( NN goal ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( NP-SBJ ( JJ Soviet ) ( NNS bankers ) ( CC and ) ( NNS economists ) ) ( VP ( VBP say ) ( SBAR ( S ( VP ( VBZ is ) ( ADVP-TMP ( RB still ) ) ( ADVP-LOC-PRD ( RB far ) ( RB away ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The State Bank 's move is part of a drive to iron out exchange-rate discrepancies as Moscow moves toward making the ruble convertible a goal that Soviet bankers and economists say is still far away


( S ( S ( NP-SBJ ( NP ( NNS Rumors ) ) ( PP ( IN of ) ( NP ( DT an ) ( VBG impending ) ( NN devaluation ) ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG circulating ) ( PP-LOC ( IN in ) ( NP ( NNP Moscow ) ) ) ( PP-TMP ( IN for ) ( NP ( NNS weeks ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NP ( DT the ) ( NN size ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN cut ) ) ) ) ( VP ( VBD took ) ( NP ( JJ many ) ( JJ Western ) ( NNS bankers ) ) ( PP-CLR ( IN by ) ( NP ( NN surprise ) ) ) ) ) )

Rumors of an impending devaluation have been circulating in Moscow for weeks but the size of the cut took many Western bankers by surprise


( SINV ( S-TPC-2 ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( ADJP ( RB much ) ( JJR bigger ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBD expected ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( CD one ) ( JJ German ) ( NN banker ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD asked ) ( S ( RB not ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN named ) ) ) ) ) ) ) ) ) )

It 's much bigger than we expected said one German banker who asked not to be named


( S ( NP-SBJ ( NP ( DT The ) ( JJ next ) ( NN step ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD could ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( JJR larger ) ( NN effect ) ) ( PP ( IN on ) ( NP ( NNS businesses ) ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB come ) ( NP-TMP ( JJ early ) ( JJ next ) ( NN month ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ-3 ( NP ( DT the ) ( NNP Bank ) ) ( PP ( IN for ) ( NP ( NNP Foreign ) ( NNP Economic ) ( NNPS Affairs ) ) ) ) ( VP ( VBZ is ) ( S ( VP ( TO to ) ( VP ( VB hold ) ( NP ( NP ( PRP$ its ) ( JJ first ) ( NN auction ) ) ( PP ( IN of ) ( NP ( JJ foreign ) ( NN currency ) ) ) ) ) ) ) ) ) ) ) ) )

The next step which could have a larger effect on businesses will come early next month when the Bank for Foreign Economic Affairs is to hold its first auction of foreign currency


( S ( NP-SBJ-2 ( NP ( JJ Soviet ) ( NNS companies ) ) ( VP ( VBG needing ) ( NP ( JJ Western ) ( NNS currencies ) ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NN equipment ) ( CC and ) ( NNS supplies ) ) ( ADVP-LOC ( RB abroad ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB submit ) ( NP ( NNS bids ) ) ) ) ) ) ) ) )

Soviet companies needing Western currencies to buy equipment and supplies abroad will be able to submit bids


( S ( NP-SBJ-1 ( NP ( NNS Plans ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN auction ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD was ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VP ( VB take ) ( NP-CLR ( NN place ) ) ( NP-TMP ( JJ last ) ( NN spring ) ) ) ( CC and ) ( VP ( VB become ) ( NP-PRD ( DT a ) ( JJ regular ) ( NN event ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN thwarted ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NN lack ) ) ( PP ( IN of ) ( NP ( JJ hard ) ( NN currency ) ) ) ) ) ) ) ) )

Plans for the auction which was supposed to take place last spring and become a regular event have been thwarted by a lack of hard currency


( S ( S ( NP-SBJ-2 ( NP ( JJ Soviet ) ( NNS firms ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP hold ) ( NP ( DT some ) ) ) ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ unwilling ) ( S ( VP ( TO to ) ( VP ( VB part ) ( PP-CLR ( IN with ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-3 ( JJ joint ) ( NNS ventures ) ) ( VP ( VBP are ) ( RB n't ) ( ADVP-TMP ( RB yet ) ) ( VP ( VBN allowed ) ( S ( VP ( TO to ) ( VP ( VB participate ) ) ) ) ) ) ) )

Soviet firms that hold some are unwilling to part with it and joint ventures are n't yet allowed to participate


( S ( NP-SBJ-1 ( DT The ) ( NNP Kremlin ) ) ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( JJ unwilling ) ( S ( VP ( TO to ) ( VP ( VB provide ) ( NP ( JJ hard ) ( NN currency ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN auction ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG using ) ( NP ( NP ( DT a ) ( NN lot ) ) ( PP ( IN of ) ( NP ( PRP it ) ) ) ) ( ADVP ( RB instead ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB finance ) ( NP ( NP ( NN emergency ) ( NNS imports ) ) ( PP ( IN of ) ( NP ( NN consumer ) ( NNS goods ) ) ) ) ) ) ) ) ) ) ) )

The Kremlin also has been unwilling to provide hard currency for the auction using a lot of it instead to finance emergency imports of consumer goods


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( JJ foreign ) ( NNS tourists ) ( CC and ) ( NNS businesses ) ) ( VP ( MD could ) ( VP ( VB sell ) ( NP ( PRP$ their ) ( NNS currencies ) ) ( ADVP-MNR ( RB freely ) ) ( PP-CLR ( IN at ) ( NP ( DT the ) ( JJ new ) ( JJR better ) ( NN exchange ) ( NN rate ) ) ) ) ) ) ) ( NP-SBJ ( WDT that ) ) ( VP ( VP ( MD would ) ( VP ( VB enable ) ( S ( NP-SBJ ( DT the ) ( NNP State ) ( NNP Bank ) ) ( VP ( TO to ) ( VP ( VB increase ) ( NP ( PRP$ its ) ( NN dollar ) ( NNS reserves ) ) ) ) ) ) ) ( CC and ) ( VP ( MD would ) ( VP ( VB mop ) ( PRT ( RP up ) ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ excess ) ( NNS rubles ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ) ( PP-TMP ( IN at ) ( NP ( DT the ) ( JJ same ) ( NN time ) ) ) ) ) ) )

If foreign tourists and businesses could sell their currencies freely at the new better exchange rate that would enable the State Bank to increase its dollar reserves and would mop up some of the excess rubles in the economy at the same time


( S ( S ( CC But ) ( NP-SBJ-1 ( NP ( DT the ) ( NNS amounts ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP exchange ) ) ) ) ) ( VP ( MD may ) ( VP ( VB be ) ( VP ( VBN limited ) ) ) ) ) ( S ( NP-SBJ ( JJS most ) ( JJ Soviet ) ( NNS hotels ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VBP demand ) ( NP ( NP ( NN payment ) ) ( PP ( IN in ) ( NP ( JJ hard ) ( NN currency ) ) ) ) ( PP-CLR ( IN from ) ( NP ( JJ Western ) ( NNS visitors ) ) ) ) ) )

But the amounts they exchange may be limited most Soviet hotels for example demand payment in hard currency from Western visitors


( S ( SBAR-ADV ( IN Unless ) ( S ( NP-SBJ-1 ( JJ other ) ( NNS rules ) ) ( VP ( VBP are ) ( VP ( VBN changed ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN devaluation ) ) ( VP ( MD could ) ( VP ( VB cause ) ( NP ( NNS difficulties ) ) ( PP ( IN for ) ( NP ( NP ( NP ( DT the ) ( NNS people ) ) ( SBAR ( S ( NP-SBJ-4 ( PRP it ) ) ( VP ( VBZ is ) ( ADVP ( RB primarily ) ) ( VP ( VBN meant ) ( S ( VP ( TO to ) ( VP ( VB help ) ) ) ) ) ) ) ) ) ( NP ( NP ( NNPS Soviets ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBP travel ) ( ADVP-LOC ( RB abroad ) ) ) ) ) ) ) ) ) ) )

Unless other rules are changed the devaluation could cause difficulties for the people it is primarily meant to help Soviets who travel abroad


( S ( PP-TMP ( IN Over ) ( NP ( DT the ) ( JJ past ) ( CD three ) ( NNS years ) ) ) ( NP-SBJ-1 ( NP ( NNS thousands ) ) ( PP ( IN of ) ( NP ( NNS people ) ) ) ( ADVP-LOC ( RB here ) ) ) ( VP ( VBP have ) ( VP ( VBN made ) ( NP-CLR ( NN use ) ) ( PP-CLR ( IN of ) ( NP ( JJR looser ) ( NN travel ) ( NNS restrictions ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB get ) ( NP ( NP ( PRP$ their ) ( JJ first ) ( NN taste ) ) ( PP ( IN of ) ( NP ( NP ( NN life ) ) ( ADVP-LOC ( RB abroad ) ) ) ) ) ) ) ) ) ) )

Over the past three years thousands of people here have made use of looser travel restrictions to get their first taste of life abroad


( S ( CC But ) ( PP ( IN under ) ( NP ( JJ current ) ( NNS rules ) ) ) ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBP are ) ( VP ( VBN allowed ) ( S ( VP ( TO to ) ( VP ( VB change ) ( NP ( QP ( RB just ) ( CD 200 ) ) ( NNS rubles ) ) ( PP-CLR ( IN into ) ( NP ( NP ( NNS dollars ) ) ( CC and ) ( NP ( JJ other ) ( NNS currencies ) ) ) ) ( PP ( IN for ) ( NP ( DT each ) ( NN trip ) ) ) ) ) ) ) ) )

But under current rules they are allowed to change just 200 rubles into dollars and other currencies for each trip


( S ( PP ( IN At ) ( NP ( DT the ) ( JJ new ) ( NN rate ) ) ) ( NP-SBJ ( WDT that ) ) ( VP ( MD would ) ( VP ( VB give ) ( NP ( PRP them ) ) ( NP ( NP ( QP ( IN about ) ( CD 30 ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB travel ) ( PP-MNR ( IN on ) ) ) ) ) ) ) ) ) )

At the new rate that would give them about 30 to travel on


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ is ) ( RB n't ) ( ADVP ( RB yet ) ) ( ADJP-PRD ( JJ clear ) ) ( SBAR-2 ( IN whether ) ( S ( NP-SBJ-3 ( DT the ) ( JJ 200-ruble ) ( NN limit ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN lifted ) ) ) ) ) ) ) )

It is n't yet clear whether the 200-ruble limit will be lifted


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( RB n't ) ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( JJ black ) ( NN market ) ) ( PP ( IN for ) ( NP ( NNS dollars ) ) ) ) ( ADVP ( RB probably ) ) ( VP ( MD will ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB thrive ) ) ) ) ) ) )

If it is n't the black market for dollars probably will continue to thrive


( S ( NP-SBJ ( JJ Financial ) ( NNS markets ) ) ( VP ( VBD took ) ( NP ( NP ( DT a ) ( JJ midweek ) ( NN break ) ) ( PP ( IN from ) ( NP ( PRP$ their ) ( JJ recent ) ( JJ wild ) ( NNS gyrations ) ) ) ) ( SBAR-ADV ( IN with ) ( S ( S ( NP-SBJ ( NN stock ) ( NNS prices ) ) ( VP ( VBG falling ) ( ADVP-EXT ( RB modestly ) ) ) ) ( S ( NP-SBJ ( NN bond ) ( NNS prices ) ) ( VP ( VBG posting ) ( NP ( JJ tiny ) ( NNS gains ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NN dollar ) ) ( ADJP-PRD ( RB almost ) ( JJ unchanged ) ) ) ) ) ) )

Financial markets took a midweek break from their recent wild gyrations with stock prices falling modestly bond prices posting tiny gains and the dollar almost unchanged


( S ( NP-SBJ ( DT The ) ( NNP Dow ) ( NNP Jones ) ( NNP Industrial ) ( NNP Average ) ) ( VP ( VBD lost ) ( NP ( CD 5.94 ) ( NNS points ) ) ( PP-DIR ( TO to ) ( NP ( CD 2653.28 ) ) ) ( PP-LOC ( IN in ) ( NP ( JJ moderate ) ( NN trading ) ) ) ) )

The Dow Jones Industrial Average lost 5.94 points to 2653.28 in moderate trading


( S ( NP-SBJ ( JJ Long-term ) ( NNP Treasury ) ( NNS bonds ) ) ( VP ( VBD rose ) ( ADVP-EXT ( RB slightly ) ) ( PP ( IN despite ) ( NP ( NP ( DT the ) ( NN arrival ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN market ) ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 4.52 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( JJ 30-year ) ( NNS bonds ) ) ) ( VP ( VBN offered ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP Resolution ) ( NNP Funding ) ( NNP Corp. ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN government ) ( POS 's ) ) ( NN bailout ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS savings ) ( CC and ) ( NN loan ) ( NN industry ) ) ) ) ) ) ) ) ) ) ) ) ) )

Long-term Treasury bonds rose slightly despite the arrival on the market of 4.52 billion in 30-year bonds offered by the Resolution Funding Corp. as part of the government 's bailout of the savings and loan industry


( S ( NP-SBJ ( DT The ) ( NN dollar ) ) ( VP ( VBD was ) ( UCP-PRD ( ADJP ( RB barely ) ( VBN changed ) ( PP ( IN against ) ( NP ( DT the ) ( ADJP ( JJ West ) ( JJ German ) ) ( NN mark ) ) ) ) ( CC and ) ( ADVP ( IN up ) ( ADVP ( RB marginally ) ) ( PP ( IN against ) ( NP ( DT the ) ( JJ Japanese ) ( NN yen ) ) ) ) ) ) )

The dollar was barely changed against the West German mark and up marginally against the Japanese yen


( S ( NP-SBJ ( NP ( NN Yesterday ) ( POS 's ) ) ( JJ sluggish ) ( NN action ) ) ( VP ( VBD was ) ( PP-PRD ( IN in ) ( NP ( NP ( VBN marked ) ( NN contrast ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN rearing ) ( CC and ) ( NN plunging ) ) ( PP ( IN of ) ( NP ( NN stock ) ( NNS prices ) ) ) ( NP-TMP ( NNP Tuesday ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( NP ( DT the ) ( VBN proposed ) ( NN buy-out ) ) ( PP ( IN of ) ( NP ( NNP UAL ) ( NNP Corp. ) ) ) ) ( ADVP-TMP ( RB once ) ( RB again ) ) ( VP ( VBN collapsed ) ) ) ) ) ) ) ) ) )

Yesterday 's sluggish action was in marked contrast to the rearing and plunging of stock prices Tuesday after the proposed buy-out of UAL Corp. once again collapsed


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN stock ) ( NN market ) ( POS 's ) ) ( VBG lurching ) ( NNS moves ) ) ( VP ( VBP have ) ( VP ( VBN prompted ) ( S ( NP-SBJ ( JJ many ) ( NNS investors ) ) ( VP ( TO to ) ( VP ( VB head ) ( PP-DIR ( IN for ) ( NP ( DT the ) ( NNS sidelines ) ) ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ regains ) ( NP ( NP ( DT some ) ( NN semblance ) ) ( PP ( IN of ) ( NP ( NN stability ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Traders said the stock market 's lurching moves have prompted many investors to head for the sidelines until it regains some semblance of stability


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( NN bond ) ( NNS prices ) ) ( VP ( VBD were ) ( RB n't ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ volatile ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Tuesday ) ( NN trading ) ) ) ( PP-1 ( IN as ) ( NP ( NN stock ) ( NNS prices ) ) ) ) ) ) ( NP-SBJ ( NNS traders ) ) ( ADVP ( RB nevertheless ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN action ) ) ( ADVP ( RB also ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB much ) ( JJR slower ) ) ( NP-TMP ( NN yesterday ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Treasury ) ( NN market ) ) ) ) ) ) ) )

Although bond prices were n't as volatile on Tuesday trading as stock prices traders nevertheless said action also was much slower yesterday in the Treasury market


( S ( NP-SBJ-2 ( NN Bond ) ( NNS investors ) ) ( VP ( VP ( VBD paid ) ( NP ( NP ( JJ close ) ( NN attention ) ) ( PP ( TO to ) ( NP ( NP ( NNS comments ) ) ( PP ( IN by ) ( NP ( NP ( NNP Federal ) ( NNP Reserve ) ( NNP Chairman ) ( NNP Alan ) ( NNP Greenspan ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD was ) ( VP ( VBG testifying ) ( PP-LOC ( IN before ) ( NP ( DT a ) ( JJ congressional ) ( NN hearing ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( VP ( VBD were ) ( RB n't ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB extract ) ( NP ( NP ( JJ many ) ( NNS clues ) ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( JJ future ) ( NN course ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Fed ) ( POS 's ) ) ( JJ monetary ) ( NN policy ) ) ) ) ) ) ) ) ) ) ) ) )

Bond investors paid close attention to comments by Federal Reserve Chairman Alan Greenspan who was testifying before a congressional hearing but were n't able to extract many clues about the future course of the Fed 's monetary policy


( S ( NP-SBJ ( JJ Many ) ( NNS analysts ) ) ( VP ( VBP are ) ( VP ( VBG expecting ) ( S ( NP-SBJ ( DT the ) ( NNP Fed ) ) ( VP ( TO to ) ( VP ( VB lower ) ( NP ( NN interest ) ( NNS rates ) ) ( ADVP-TMP ( ADVP ( IN at ) ( JJS least ) ) ( RB once ) ( JJR more ) ) ( PP-TMP ( IN before ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN year ) ) ) ) ) ) ) ) ) ) )

Many analysts are expecting the Fed to lower interest rates at least once more before the end of the year


( S ( NP-SBJ ( NNS Investors ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBP are ) ( VP ( VBG awaiting ) ( NP ( NP ( NP ( NN today ) ( POS 's ) ) ( NN release ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ preliminary ) ( NN estimate ) ) ( PP ( IN of ) ( NP ( NN third-quarter ) ( JJ gross ) ( JJ national ) ( NN product ) ) ) ) ) ) ) ) )

Investors now are awaiting today 's release of the preliminary estimate of third-quarter gross national product


( S ( NP-SBJ ( NNS Economists ) ) ( VP ( VBP predict ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN report ) ) ( VP ( MD will ) ( VP ( VB show ) ( NP ( NP ( JJ economic ) ( NN growth ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 2.5 ) ) ( NN % ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD would ) ( VP ( VB have ) ( NP ( NP ( JJ little ) ( NN effect ) ) ( PP ( IN on ) ( NP ( JJ financial ) ( NNS markets ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Economists predict the report will show economic growth of about 2.5 % in the third quarter which would have little effect on financial markets


( S ( CC But ) ( NP-SBJ ( NP ( DT an ) ( JJ unexpected ) ( NN deviation ) ) ( NP-ADV ( DT either ) ( NN way ) ) ) ( VP ( MD could ) ( VP ( VB roil ) ( NP ( NN bond ) ( CC and ) ( NN currency ) ( NNS markets ) ) ) ) )

But an unexpected deviation either way could roil bond and currency markets


( PP-LOC-HLN ( IN In ) ( NP ( JJ major ) ( NN market ) ( NN activity ) ) )

In major market activity


( S ( NP-SBJ ( NNP Stock ) ( NNS prices ) ) ( VP ( VBD slipped ) ( ADVP-CLR ( JJR lower ) ) ( PP-LOC ( IN in ) ( NP ( JJ moderate ) ( NN trading ) ) ) ) )

Stock prices slipped lower in moderate trading


( S ( NP-SBJ ( NP ( NN Volume ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ) ) ) ( VP ( VBD totaled ) ( NP ( QP ( CD 155.7 ) ( CD million ) ) ( NNS shares ) ) ) )

Volume on the New York Stock Exchange totaled 155.7 million shares


( S ( CC But ) ( NP-SBJ ( NP ( VBG advancing ) ( NNS issues ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP Big ) ( NNP Board ) ) ) ) ( VP ( VBD were ) ( ADVP-PRD ( RB ahead ) ( PP ( IN of ) ( NP ( NNS decliners ) ) ) ( NP-ADV ( NP ( CD 784 ) ) ( PP ( TO to ) ( NP ( CD 700 ) ) ) ) ) ) )

But advancing issues on the Big Board were ahead of decliners 784 to 700


( S ( NP-SBJ ( NN Bond ) ( NNS prices ) ) ( VP ( VBD inched ) ( ADVP-DIR ( JJR higher ) ) ) )

Bond prices inched higher


( S ( NP-SBJ ( NP ( DT The ) ( NNP Treasury ) ( POS 's ) ) ( NN benchmark ) ( JJ 30-year ) ( NN issue ) ) ( VP ( VBD rose ) ( NP-EXT ( NP ( NP ( NP ( QP ( JJR less ) ( IN than ) ( DT an ) ( NN eighth ) ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN point ) ) ) ) ( CC or ) ( NP ( QP ( JJS less ) ( IN than ) ( CD 1.25 ) ) ) ) ( PP ( IN for ) ( NP ( NP ( DT each ) ( CD 1,000 ) ) ( PP ( IN of ) ( NP ( NN face ) ( NN amount ) ) ) ) ) ) ) )

The Treasury 's benchmark 30-year issue rose less than an eighth of a point or less than 1.25 for each 1,000 of face amount


( S ( NP-SBJ ( NP ( DT The ) ( NN yield ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN issue ) ) ) ) ( VP ( VBD stood ) ( PP-CLR ( IN at ) ( NP ( CD 7.88 ) ( NN % ) ) ) ) )

The yield on the issue stood at 7.88 %


( S ( NP-SBJ ( DT The ) ( NN dollar ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB virtually ) ( JJ unchanged ) ) ) )

The dollar was virtually unchanged


( S ( PP-LOC ( IN In ) ( NP ( JJ late ) ( NNP New ) ( NNP York ) ( NN trading ) ) ) ( NP-SBJ-1 ( DT the ) ( NNP U.S. ) ( NN currency ) ) ( VP ( VBD was ) ( VP ( VBN quoted ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 1.8353 ) ( NNS marks ) ) ( CC and ) ( NP ( CD 141.52 ) ( NN yen ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( NP ( CD 1.8355 ) ( NNS marks ) ) ( CC and ) ( NP ( CD 141.45 ) ( NN yen ) ) ) ( NP-TMP ( NNP Tuesday ) ) ) ) ) ) ) )

In late New York trading the U.S. currency was quoted at 1.8353 marks and 141.52 yen compared with 1.8355 marks and 141.45 yen Tuesday


( S ( NP-SBJ-1 ( NNP Brooks ) ( NNP Armored ) ( NNP Car ) ( NNP Service ) ( NNP Inc. ) ) ( ADVP-TMP ( RB never ) ) ( VP ( VBD wanted ) ( S ( VP ( TO to ) ( VP ( VB get ) ( PP-CLR ( IN into ) ( NP ( NN money ) ( NN laundering ) ) ) ) ) ) ) )

Brooks Armored Car Service Inc. never wanted to get into money laundering


( S ( CC But ) ( NP-TMP ( NNP July ) ( CD 5 ) ) ( NP-SBJ ( NP ( DT a ) ( NN thunderstorm ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Wilmington ) ) ( NP ( NNP Del. ) ) ) ) ) ( VP ( VBD caused ) ( S ( NP-SBJ ( NNP Shellpot ) ( NNP Creek ) ) ( VP ( TO to ) ( VP ( VB rise ) ( NP-EXT ( CD 15 ) ( NNS feet ) ) ) ) ) ( S-ADV ( VP ( VBG pouring ) ( NP ( NP ( QP ( CD 1.3 ) ( CD million ) ) ( NNS gallons ) ) ( PP ( IN of ) ( NP ( NN water ) ) ) ) ( PP-DIR ( IN into ) ( NP ( NN basement ) ( NNS vaults ) ) ) ) ) ) )

But July 5 a thunderstorm in Wilmington Del. caused Shellpot Creek to rise 15 feet pouring 1.3 million gallons of water into basement vaults


( S ( NP-SBJ ( DT The ) ( NN water ) ) ( VP ( VP ( VBD destroyed ) ( NP ( NP ( QP ( IN about ) ( CD 75 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NN currency ) ) ) ) ) ( CC and ) ( VP ( VBD caked ) ( NP ( NP ( QP ( CD 4 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NNS coins ) ) ) ) ( PP-CLR ( IN with ) ( NP ( NN mud ) ) ) ( S-ADV ( VP ( VBG rendering ) ( S ( NP-SBJ ( PRP them ) ) ( ADJP-PRD ( JJ dangerous ) ( PP ( TO to ) ( NP ( VBG counting ) ( NNS machines ) ) ) ) ) ) ) ) ) )

The water destroyed about 75 million in currency and caked 4 million of coins with mud rendering them dangerous to counting machines


( S ( NP-SBJ-1 ( NP ( DT The ) ( QP ( CD 75 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NN paper ) ( NN money ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( ADJP-PRD ( JJ moldy ) ( JJ mildewy ) ( CC and ) ( JJ smelly ) ) ) ) ( VP ( VBD was ) ( VP ( VBN exchanged ) ( PP ( IN through ) ( NP ( NP ( DT the ) ( NNP Federal ) ( NNP Reserve ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Philadelphia ) ) ) ) ) ( PP-MNR ( IN without ) ( NP ( NN incident ) ) ) ) ) )

The 75 million in paper money although moldy mildewy and smelly was exchanged through the Federal Reserve Bank of Philadelphia without incident


( S ( CC But ) ( NP-SBJ-1 ( NNP Brooks ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ unable ) ( S ( VP ( TO to ) ( VP ( VB reach ) ( NP ( DT a ) ( JJ coin-cleaning ) ( NN agreement ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN government ) ) ) ) ) ) ) ) )

But Brooks was unable to reach a coin-cleaning agreement with the government


( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( ADVP ( NN kind ) ( IN of ) ) ( VP ( VBD got ) ( VP ( VBN caught ) ( PP-CLR ( IN between ) ( NP ( NNS bureaucracies ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP President ) ( NNP William ) ( NNP F. ) ( NNP Brooks ) ( NNP Jr ) ) )

We kind of got caught between bureaucracies says President William F. Brooks Jr


( S ( S-TPC-1 ( S ( NP-SBJ ( DT The ) ( NNP U.S. ) ( NNP Mint ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB take ) ( NP ( DT the ) ( NN coin ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBN mutilated ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NNP Federal ) ( NNP Reserve ) ( NNP Bank ) ) ( VP ( VBZ accepts ) ( NP ( JJ only ) ( JJ clean ) ( NNS coins ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

The U.S. Mint would n't take the coin because it was n't mutilated and the Federal Reserve Bank accepts only clean coins he says


( S ( NP-SBJ ( DT The ) ( NNP Philadelphia ) ( NNP Fed ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( ADVP ( RB merely ) ) ( NP-PRD ( NP ( DT an ) ( NN agent ) ) ( PP ( IN for ) ( NP ( NNS coins ) ) ) ( ADJP ( JJ responsible ) ( PP ( RB only ) ( IN for ) ( NP ( NN storage ) ( CC and ) ( NN distribution ) ) ) ) ) ) ) ) ) )

The Philadelphia Fed says it is merely an agent for coins responsible only for storage and distribution


( SINV ( S-TPC-1 ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP issue ) ( NP ( NN paper ) ( NN money ) ) ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP destroy ) ( NP ( NN paper ) ( NN money ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Jane ) ( NNP Hinkle ) ) ( NP ( DT a ) ( NNP Philadelphia ) ( NNP Fed ) ( NN spokeswoman ) ) ) )

We issue paper money we destroy paper money says Jane Hinkle a Philadelphia Fed spokeswoman


( S ( NP-SBJ ( DT The ) ( NN coin ) ) ( VP ( VBZ is ) ( NP-PRD ( PRP$ their ) ( NN problem ) ) ) )

The coin is their problem


( S ( NP-SBJ ( DT A ) ( NNP Mint ) ( NN official ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN agency ) ) ( VP ( VBD offered ) ( S ( VP ( TO to ) ( VP ( VB clean ) ( NP ( DT the ) ( NNS coins ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ its ) ( JJ bare-bones ) ( NN cost ) ) ( PP ( IN of ) ( NP ( NP ( CD 17,000 ) ) ( CC plus ) ( NP ( JJ certain ) ( JJ other ) ( NNS expenses ) ) ) ) ) ) ) ) ) ) ) ) ) )

A Mint official says the agency offered to clean the coins for its bare-bones cost of 17,000 plus certain other expenses


( S ( CC But ) ( NP-SBJ-1 ( NNP Brooks ) ) ( VP ( VBD declined ) ( S-ADV ( VP ( VBG figuring ) ( SBAR ( IN that ) ( S ( S-NOM-SBJ ( VP ( VBG transporting ) ( NP ( DT the ) ( ADJP ( VBN mucked ) ( IN up ) ) ( NN money ) ) ( PP-DIR ( TO to ) ( NP ( NNP Washington ) ) ) ) ) ( VP ( MD would ) ( VP ( VB cost ) ( NP ( DT the ) ( NN company ) ) ( NP ( NNS thousands ) ( RBR more ) ) ) ) ) ) ) ) ) )

But Brooks declined figuring that transporting the mucked up money to Washington would cost the company thousands more


( S ( IN So ) ( NP-SBJ ( NNP Brooks ) ) ( VP ( VBD gave ) ( NP ( DT the ) ( JJ dirty ) ( NN work ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NNP Coin ) ( NNP Wrap ) ( NNP Inc. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD came ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( DT an ) ( JJ unusual ) ( NN solution ) ) ) ) ) ) ) ) ) )

So Brooks gave the dirty work to Coin Wrap Inc. which came up with an unusual solution


( S ( PP-TMP ( IN For ) ( NP ( NP ( CD eight ) ( NNS hours ) ) ( NP-ADV ( DT a ) ( NN day ) ) ) ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( JJ past ) ( CD two ) ( NNS weeks ) ) ) ( PP ( IN in ) ( NP ( NP ( NNS aggregates ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 27,000 ) ) ( NNS pounds ) ) ( PRN ( VP ( VBG equaling ) ( NP ( NP ( CD 20,000 ) ) ( PP ( IN in ) ( NP ( NNS pennies ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Coin ) ( NNP Wrap ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG pouring ) ( NP ( NN money ) ) ( PP-DIR ( IN into ) ( NP ( DT a ) ( JJ cement-mixing ) ( NN truck ) ) ) ) ) ) )

For eight hours a day for the past two weeks in aggregates of as much as 27,000 pounds equaling 20,000 in pennies Coin Wrap has been pouring money into a cement-mixing truck


( S ( NP-SBJ-1 ( DT A ) ( JJ giant ) ( NN heater ) ) ( S-ADV ( VP ( VBG working ) ( PP-MNR ( IN like ) ( NP ( DT a ) ( NN blowtorch ) ) ) ) ) ( VP ( VP ( VBZ causes ) ( S ( NP-SBJ ( DT the ) ( NN mud ) ) ( VP ( TO to ) ( VP ( NN crust ) ) ) ) ) ( CC and ) ( VP ( NNS burns ) ( PRT ( RP off ) ) ( NP ( DT any ) ( NNS wrappers ) ) ) ) )

A giant heater working like a blowtorch causes the mud to crust and burns off any wrappers


( S ( PP-TMP ( IN After ) ( S-NOM ( VP ( VBG clanging ) ( ADVP-CLR ( RB around ) ) ( PP-TMP ( IN for ) ( NP ( DT an ) ( NN hour ) ( QP ( CC or ) ( RB so ) ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( JJ shiny ) ( JJ hot ) ( NN money ) ) ( VP ( VBZ pours ) ( PP-DIR ( IN out ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN cement ) ( NN chute ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( DT a ) ( JJ giant ) ( NN vacuum ) ) ( VP ( VBZ sucks ) ( ADVP-CLR ( RB away ) ) ( NP ( DT the ) ( NX ( NX ( VBN dried ) ( NN mud ) ) ( CC and ) ( NX ( JJ burnt ) ( NNS wrappers ) ) ) ) ) ) ) ) ) ) ) )

After clanging around for an hour or so the shiny hot money pours out of the cement chute where a giant vacuum sucks away the dried mud and burnt wrappers


( S ( PP-TMP ( IN After ) ( S-NOM ( VP ( VBG cooling ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NNS coins ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB then ) ) ( VP ( NN rewrapped ) ) ) )

After cooling the coins are then rewrapped


( S ( NP-SBJ-1 ( NNP Brooks ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NNP Coin ) ( NNP Wrap ) ) ( NP ( NP ( NP ( DT a ) ( NN total ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 20,000 ) ) ) ) ) ( NP ( NP ( DT a ) ( NN cost ) ) ( SBAR ( WHNP-2 ( DT that ) ) ( S ( NP-SBJ ( NN insurance ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB cover ) ) ) ) ) ) ) ) ) ) ) )

Brooks expects to pay Coin Wrap a total of about 20,000 a cost that insurance wo n't cover


( S ( CC And ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ-1 ( DT the ) ( NN job ) ) ( VP ( VBZ is ) ( ADVP ( RB half ) ) ( VP ( VBN done ) ) ) ) ) ( NP-SBJ ( NNP Brooks ) ) ( VP ( VBZ is ) ( ADVP ( RB still ) ) ( ADJP-PRD ( JJ bitter ) ) ) )

And while the job is half done Brooks is still bitter


( S ( PP ( IN In ) ( NP ( NN fact ) ) ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( QP ( RB only ) ( CD one ) ) ( NN person ) ) ( VP ( VBN involved ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ 's ) ( ADJP-PRD ( JJ happy ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NNP Floyd ) ( NNP String ) ) ( NP ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NNP Coin ) ( NNP Wrap ) ) ) ) ( CC and ) ( NP ( NP ( NN conceiver ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ cement-truck ) ( NN solution ) ) ) ) ) ) ) ) )

In fact there 's only one person involved who 's happy and that 's Floyd String president of Coin Wrap and conceiver of the cement-truck solution


( S ( CONJP ( RB Not ) ( RB only ) ) ( SINV ( VBD did ) ( NP-SBJ ( PRP$ his ) ( NN company ) ) ( VP ( VB find ) ( NP ( NP ( CD 20,000 ) ) ( ADJP ( NN worth ) ) ( PP ( IN of ) ( NP ( NN work ) ) ) ) ) ) ( CC but ) ( S-2 ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ-1 ( DT the ) ( NN approach ) ) ( VP ( VBD was ) ( VP ( VBN suggested ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP String ) ) ( VP ( VBZ says ) ) ) ) ( NP-SBJ ( NNP Brooks ) ( NNS officials ) ) ( VP ( VBD did ) ( RB n't ) ( UCP ( VP ( NN laugh ) ( PP-CLR ( IN at ) ( NP ( PRP me ) ) ) ) ( CC or ) ( NP-ADV ( NN anything ) ) ) ) ) )

Not only did his company find 20,000 worth of work but when the approach was suggested Mr. String says Brooks officials did n't laugh at me or anything


( S ( S ( VP ( VB Call ) ( NP ( NP ( NNP Jim ) ( NNP Wright ) ( POS 's ) ) ( NN office ) ( PP-LOC ( IN in ) ( NP ( NP ( NN downtown ) ( NNP Fort ) ( NNP Worth ) ) ( NP ( NNP Texas ) ) ) ) ) ( NP-TMP ( DT these ) ( NNS days ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NN receptionist ) ) ( ADVP ( RB still ) ) ( VP ( VBZ answers ) ( NP ( DT the ) ( NN phone ) ) ( NP ( NP ( NNP Speaker ) ( NNP Wright ) ( POS 's ) ) ( NN office ) ) ) ) )

Call Jim Wright 's office in downtown Fort Worth Texas these days and the receptionist still answers the phone Speaker Wright 's office


( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ former ) ( NN congressman ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD resigned ) ( PP-CLR ( IN as ) ( NP ( NP ( NN speaker ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP House ) ) ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( DT an ) ( NN investigation ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ financial ) ( NNS dealings ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN ensconced ) ( PP-CLR ( IN in ) ( NP ( NP ( PRP$ his ) ( NN district ) ( NN office ) ) ( VP ( VBN maintained ) ( PP ( IN by ) ( NP-LGS ( NNS taxpayers ) ) ) ( PP ( IN on ) ( NP ( DT a ) ( ADJP ( CD 200,000 ) ) ( NN allowance ) ) ) ) ) ) ) ) )

The former congressman who resigned as speaker of the House after an investigation of his financial dealings is ensconced in his district office maintained by taxpayers on a 200,000 allowance


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ is ) ( VP ( VBG negotiating ) ( NP ( DT a ) ( JJ rich ) ( NN book ) ( NN contract ) ) ( PP ( TO to ) ( NP ( NN boot ) ) ) ) ) )

He is negotiating a rich book contract to boot


( S ( NP-SBJ ( NP ( CD One ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJS hottest ) ( NNS tickets ) ) ( PP ( IN on ) ( NP ( NP ( NNP Washington ) ( POS 's ) ) ( JJ social ) ( NN calendar ) ) ) ( NP-TMP ( DT this ) ( NN fall ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN charity ) ( NN benefit ) ) ( VP ( VBG honoring ) ( NP ( NP ( JJ former ) ( NNP Congressman ) ( NNP Tony ) ( NNP Coelho ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD landed ) ( NP ( NP ( DT a ) ( JJ million-dollar ) ( NN job ) ) ( PP-LOC ( IN on ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG resigning ) ( PP ( IN over ) ( NP ( DT a ) ( JJ controversial ) ( NN junk-bond ) ( NN investment ) ) ) ( NP-TMP ( JJ last ) ( NN summer ) ) ) ) ) ) ) ) ) ) ) ) )

One of the hottest tickets on Washington 's social calendar this fall was a charity benefit honoring former Congressman Tony Coelho who landed a million-dollar job on Wall Street after resigning over a controversial junk-bond investment last summer


( S ( NP-SBJ ( NP ( NNP Michael ) ( NNP Deaver ) ) ( NP ( DT the ) ( JJ former ) ( NNP White ) ( NNP House ) ( NN aide ) ) ) ( VP ( VBZ has ) ( VP ( VBN become ) ( NP-PRD ( NP ( DT the ) ( RBS most ) ( JJ recent ) ( NN addition ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( VBG teeming ) ( NNS ranks ) ) ( PP ( IN of ) ( NP ( NP ( VBN fallen ) ( NNS politicians ) ( CC and ) ( NNS officials ) ) ( VP ( VBG earning ) ( NP ( PRP$ their ) ( NN way ) ) ( PP-MNR ( IN as ) ( NP ( NNS lobbyists ) ( CC and ) ( NNS consultants ) ) ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ) ) ) ) )

Michael Deaver the former White House aide has become the most recent addition to the teeming ranks of fallen politicians and officials earning their way as lobbyists and consultants here


( S ( NP-SBJ ( NNP Mr. ) ( NNP Deaver ) ) ( VP ( VBZ has ) ( VP ( VBN reopened ) ( NP ( DT a ) ( NNS public-relations ) ( NN business ) ) ) ) )

Mr. Deaver has reopened a public-relations business


( S ( S-NOM-SBJ ( VP ( VBG Surviving ) ( NP ( NN scandal ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN become ) ( NP-PRD ( NP ( DT a ) ( NN rite ) ) ( PP ( IN of ) ( NP ( JJ political ) ( NN passage ) ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT a ) ( NN time ) ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NP ( DT a ) ( NN glut ) ) ( PP ( IN of ) ( NP ( NN scandal ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN blunted ) ( NP ( NP ( DT this ) ( NN town ) ( POS 's ) ) ( NN sensibility ) ) ) ) ) ) ) ) ) ) )

Surviving scandal has become a rite of political passage at a time when a glut of scandal has blunted this town 's sensibility


( SINV ( S-TPC-1 ( S ( VP ( VB Let ) ( S ( NP-SBJ ( DT the ) ( NN president ) ) ( VP ( VB demand ) ( NP ( JJ strict ) ( JJ new ) ( NNS ethics ) ( NNS rules ) ) ) ) ) ) ( S ( UCP ( SBAR-ADV ( IN With ) ( S ( NP-SBJ ( CD four ) ( VBG sitting ) ( NNP House ) ( NNS members ) ) ( VP ( VBN accused ) ( PP-CLR ( IN of ) ( NP ( JJ sexual ) ( NNS misdeeds ) ) ) ) ) ) ( PP ( IN amid ) ( NP ( DT the ) ( VBG unfolding ) ( NNP HUD ) ( NN scandal ) ) ) ( CC and ) ( PP-TMP ( IN after ) ( NP ( DT the ) ( NNP Wright ) ( NN debacle ) ) ) ) ( NP-SBJ-2 ( NNS people ) ) ( VP ( VBP are ) ( ADVP ( RB slightly ) ) ( VP ( VBN dulled ) ( PP ( IN by ) ( NP-LGS ( NN scandal ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( JJ political ) ( NN humorist ) ( NNP Art ) ( NNP Buchwald ) ) )

Let the president demand strict new ethics rules With four sitting House members accused of sexual misdeeds amid the unfolding HUD scandal and after the Wright debacle people are slightly dulled by scandal says political humorist Art Buchwald


( S ( NP-SBJ ( PRP It ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ takes ) ( NP ( NP ( NN something ) ) ( ADJP ( RB really ) ( JJ weird ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB inspire ) ( NP ( JJ public ) ( NN outrage ) ) ) ) ) ) )

It now takes something really weird to inspire public outrage


( S ( NP-SBJ ( RB Not ) ( PDT all ) ( DT the ) ( JJ scandal-tripped ) ) ( VP ( VBP have ) ( VP ( VBN enjoyed ) ( NP ( JJ soft ) ( NNS landings ) ) ) ) )

Not all the scandal-tripped have enjoyed soft landings


( S ( CC But ) ( NP-SBJ ( JJ many ) ) ( VP ( VBP have ) ) )

But many have


( SINV ( S-TPC-2 ( NP-SBJ ( DT These ) ( NNS people ) ) ( VP ( VBP bounce ) ( ADVP-CLR ( RB back ) ) ( ADVP-MNR ( ADVP ( RBR more ) ( RB resiliently ) ) ( PP ( IN than ) ( NP ( JJ regular ) ( NNS people ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Washington ) ( NN writer ) ( NNP Suzanne ) ( NNP Garment ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ is ) ( VP ( VBG working ) ( PP-CLR ( IN on ) ( NP ( NP ( DT a ) ( NN history ) ) ( PP ( IN of ) ( NP ( JJ post-Watergate ) ( NN scandal ) ) ) ) ) ) ) ) ) ) )

These people bounce back more resiliently than regular people says Washington writer Suzanne Garment who is working on a history of post-Watergate scandal


( S ( S-ADV ( VP ( VBN Given ) ( NP ( NP ( PRP$ their ) ( JJ own ) ( NN penchant ) ) ( PP ( IN for ) ( NP ( NN book ) ( NN writing ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ surprising ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( NP ( NN none ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS masters ) ) ( PP ( IN of ) ( NP ( NN scandal ) ( NN survival ) ) ) ) ) ) ( VP ( VBP have ) ( ADVP ( RB yet ) ) ( VP ( VBN published ) ( NP ( NP ( DT a ) ( NN guide ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN art ) ) ) ) ) ) ) ) ) )

Given their own penchant for book writing it is surprising that none of the masters of scandal survival have yet published a guide to the art


( S ( IN For ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( VBG emerging ) ( NN protocol ) ) ( PRN ( ADVP ( RB indeed ) ) ( NP ( DT an ) ( NN etiquette ) ) ) ( PP ( TO to ) ( NP ( PRP it ) ) ) ) ) )

For there is an emerging protocol indeed an etiquette to it


( PP ( IN Among ) ( NP ( DT the ) ( NNS rules ) ) )

Among the rules


( S-HLN ( VP ( VB Pretend ) ( SBAR ( S ( NP-SBJ ( NN Nothing ) ) ( VP ( VBD Happened ) ) ) ) ) )

Pretend Nothing Happened


( S ( SBAR-ADV ( IN As ) ( IN if ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD were ) ( ADVP-TMP ( RB still ) ) ( PP-LOC-PRD ( IN in ) ( NP ( PRP$ his ) ( JJ old ) ( NN job ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Mr. ) ( NNP Wright ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VP ( VBG resigning ) ( PP ( IN with ) ( NP ( PRP$ his ) ( NN title ) ) ) ) ( CONJP ( RB instead ) ( IN of ) ) ( VP ( VBG being ) ( VP ( VBN forced ) ( PP-CLR ( IN from ) ( NP ( PRP$ his ) ( NN job ) ) ) ) ) ) ) ) ( PP ( IN by ) ( NP ( NN law ) ) ) ( VP ( VBZ enjoys ) ( NP ( NP ( DT a ) ( ADJP ( CD 120,000 ) ) ( JJ annual ) ( NN office ) ( NN expense ) ( NN allowance ) ) ( NP ( CD three ) ( VBN paid ) ( NNS staffers ) ) ( NP ( NP ( QP ( RB up ) ( TO to ) ( CD 67,000 ) ) ) ( PP ( IN for ) ( NP ( NN stationery ) ( CC and ) ( NNS telephones ) ) ) ) ( CC and ) ( NP ( NP ( VBN continued ) ( NN use ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN franking ) ( NN privilege ) ) ) ) ) ) )

As if he were still in his old job Mr. Wright by resigning with his title instead of being forced from his job by law enjoys a 120,000 annual office expense allowance three paid staffers up to 67,000 for stationery and telephones and continued use of the franking privilege


( S ( RB Not ) ( VP ( TO to ) ( VP ( VB mention ) ( NP ( DT a ) ( JJ generous ) ( JJ federal ) ( NN pension ) ) ) ) )

Not to mention a generous federal pension


( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( NP-PRD ( NP ( DT a ) ( JJ busy ) ( NN schedule ) ) ( PP ( IN of ) ( NP ( NP ( NN speaking ) ( NNS engagements ) ) ( PP ( IN at ) ( NP ( NP ( CD 10,000 ) ) ( NP-ADV ( DT a ) ( NN pop ) ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( JJ tony ) ( NNS places ) ) ( PP ( VBG including ) ( NP ( DT the ) ( NNP Yale ) ( NNP Political ) ( NNP Union ) ) ) ) ) ) ) ) ) )

There is also a busy schedule of speaking engagements at 10,000 a pop at tony places including the Yale Political Union


( SINV ( S-TPC-1 ( NP-SBJ ( PRP He ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ busy ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( PP ( RB as ) ( NP ( NN speaker ) ) ) ) ) ) ) ) ) ( VP ( VBZ reports ) ) ( NP-SBJ ( NP ( NP ( NNP Mr. ) ( NNP Wright ) ( POS 's ) ) ( JJ administrative ) ( NN aide ) ) ( NP ( NNP Larry ) ( NNP Shannon ) ) ) )

He 's as busy as he was as speaker reports Mr. Wright 's administrative aide Larry Shannon


Atone


( S ( PP-LOC ( IN On ) ( NP ( NP ( DT the ) ( NN edge ) ) ( PP ( IN of ) ( NP ( JJ fashionable ) ( NNP Georgetown ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ chic ) ( NN office ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( NN river ) ( NN view ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN number ) ) ( PP ( IN of ) ( NP ( NP ( JJ corporate ) ( NNS clients ) ) ( SBAR ( WHNP-1 ( WP whom ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB name ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Mr. ) ( NNP Deaver ) ) ( VP ( VBZ is ) ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB reclaim ) ( NP ( NP ( PRP$ his ) ( NN reputation ) ) ( PP ( IN as ) ( NP ( NP ( NN one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJS savviest ) ( NN image ) ( NNS makers ) ) ( PP-LOC ( IN in ) ( NP ( NN town ) ) ) ) ) ) ) ) ) ) ) ) ) )

On the edge of fashionable Georgetown in a chic office with a river view and a number of corporate clients whom he wo n't name Mr. Deaver is trying to reclaim his reputation as one of the savviest image makers in town


( S ( NP-SBJ ( EX There ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( JJ few ) ( NNS mementos ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( NNS days ) ) ( PP ( IN as ) ( NP ( NP ( NP ( NNP White ) ( NNP House ) ( NN deputy ) ( NN chief ) ) ( PP ( IN of ) ( NP ( NN staff ) ) ) ) ( CC and ) ( NP ( NP ( NN confidant ) ) ( PP ( IN of ) ( NP ( NNP Ronald ) ( CC and ) ( NNP Nancy ) ( NNP Reagan ) ) ) ) ) ) ) ) ) ) )

There are few mementos of his days as White House deputy chief of staff and confidant of Ronald and Nancy Reagan


( S ( NP-SBJ-1 ( DT The ) ( JJ former ) ( ADJP ( CD 3 ) ( JJ million-a-year ) ) ( NN lobbyist ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VP ( VBZ frequents ) ( NP ( NP ( NNS shelters ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN homeless ) ) ) ) ) ( CC and ) ( VP ( VBZ devotes ) ( NP ( NP ( DT a ) ( JJ third ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NN time ) ) ) ) ( S-CLR ( VP ( VBG counseling ) ( NP ( JJ other ) ( VBG recovering ) ( NNS alcoholics ) ) ) ) ) ) )

The former 3 million-a-year lobbyist now frequents shelters for the homeless and devotes a third of his time counseling other recovering alcoholics


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP feel ) ( ADVP ( ADVP ( RB better ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( PRP I ) ) ( ADVP-TMP ( RB ever ) ) ( VP ( VBP have ) ( VP ( PP-TMP ( IN in ) ( NP ( PRP$ my ) ( NN life ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

I feel better than I ever have in my life he says


( S ( NP-SBJ ( NNP Mr. ) ( NNP Deaver ) ) ( VP ( VBD confessed ) ( PP-CLR ( TO to ) ( NP ( PRP$ his ) ( NN alcoholism ) ) ) ( PP-TMP ( IN during ) ( NP ( NP ( PRP$ his ) ( NN trial ) ) ( PP ( IN on ) ( NP ( NN perjury ) ( NNS charges ) ) ) ) ) ) )

Mr. Deaver confessed to his alcoholism during his trial on perjury charges


( S ( NP-SBJ-2 ( PRP He ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( NP-PRD ( DT a ) ( VBG recovering ) ( JJ workaholic ) ) ( S-ADV ( VP ( VP ( VBG relaxing ) ( PP ( IN with ) ( NP ( PRP$ his ) ( NN family ) ) ) ) ( CC and ) ( VP ( VBG creating ) ( NP ( NP ( NP ( JJ topiary ) ) ( CC or ) ( NP ( NN garden-shrub ) ( NN sculpture ) ) ) ( NP ( NP ( DT a ) ( JJ fashionable ) ( NN pursuit ) ) ( SBAR ( WHPP-1 ( IN for ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD developed ) ( NP ( NP ( DT a ) ( NN passion ) ) ) ( PP-TMP ( IN during ) ( NP ( PRP$ his ) ( JJ three-year ) ( JJ legal ) ( NN ordeal ) ) ) ) ) ) ) ) ) ) ) ) )

He is also a recovering workaholic relaxing with his family and creating topiary or garden-shrub sculpture a fashionable pursuit for which he developed a passion during his three-year legal ordeal


( NP ( NP ( NP ( CD One ) ( NN sign ) ) ( PP ( IN of ) ( NP ( NP ( NNP Mr. ) ( NNP Deaver ) ( POS 's ) ) ( NN renaissance ) ) ) ) ( NP ( NP ( DT an ) ( NN appearance ) ) ( PP ( IN on ) ( NP ( NP ( NNP ABC ) ( POS 's ) ) ( NNP Nightline ) ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( NN show ) ) ( PP ( IN on ) ( NP ( NN pack ) ( NN journalism ) ) ) ) ) ) )

One sign of Mr. Deaver 's renaissance an appearance on ABC 's Nightline for a show on pack journalism


( S ( NP-SBJ ( NNP Host ) ( NNP Ted ) ( NNP Koppel ) ) ( VP ( VBD introduced ) ( NP ( PRP him ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT the ) ( NNS media ) ( NN master ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Reagan ) ( NNP Administration ) ) ) ) ) ( PP-MNR ( IN with ) ( NP ( NP ( PDT nary ) ( DT a ) ( NN mention ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Deaver ) ( POS 's ) ) ( NN conviction ) ) ( PP-TMP ( IN in ) ( NP ( CD 1987 ) ) ) ( PP ( IN on ) ( NP ( NN perjury ) ( NNS charges ) ) ) ) ) ) ) ) )

Host Ted Koppel introduced him as the media master of the Reagan Administration with nary a mention of Mr. Deaver 's conviction in 1987 on perjury charges


( S-HLN ( VP ( NNP Finding ) ( NP ( NNP God ) ) ) )

Finding God


( SINV ( S-TPC-2 ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( NN someone ) ) ( VP ( VBZ says ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 've ) ( VP ( VBN turned ) ( PP-CLR ( TO to ) ( NP ( NNP God ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NN everybody ) ) ( VP ( VBZ lays ) ( PRT ( IN off ) ) ) ) ( VP ( VBZ observes ) ) ( NP-SBJ ( NP ( NNP Frank ) ( NNP Mankiewicz ) ) ( NP ( DT an ) ( NX ( NX ( JJ old ) ( NNP Washington ) ( NN hand ) ) ( CC and ) ( NX ( NX ( JJ former ) ( NN aide ) ) ( PP ( TO to ) ( NP ( NNP Robert ) ( NNP Kennedy ) ) ) ) ) ) ) )

When someone says I 've turned to God everybody lays off observes Frank Mankiewicz an old Washington hand and former aide to Robert Kennedy


( SINV ( ADVP ( RB Thus ) ) ( VBP have ) ( NP-SBJ ( NP ( NNP Charles ) ( NNP Colson ) ) ( CC and ) ( NP ( NNP Jeb ) ( NNP Magruder ) ) ) ( VP ( VBN launched ) ( NP ( JJ successful ) ( JJ post-Watergate ) ( NNS careers ) ) ( PP-CLR ( IN at ) ( NP ( DT the ) ( NN pulpit ) ) ) ) )

Thus have Charles Colson and Jeb Magruder launched successful post-Watergate careers at the pulpit


( S ( CC But ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ does ) ( RB n't ) ( ADVP-TMP ( RB always ) ) ( VP ( VB work ) ( ADVP-MNR ( RB so ) ( RB smoothly ) ) ) ) )

But it does n't always work so smoothly


( S ( SBAR-TMP ( IN After ) ( S ( NP-SBJ ( NNS allegations ) ) ( VP ( VBD surfaced ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( CD 1985 ) ( NN divorce ) ( NN contest ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN beaten ) ( NP ( PRP$ his ) ( NN wife ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP SEC ) ( NN enforcement ) ( NN chief ) ( NNP John ) ( NNP Fedders ) ) ( VP ( VBD retreated ) ( PP-LOC ( TO to ) ( NP ( NP ( DT a ) ( JJ Trappist ) ( NN monastery ) ) ( PP-LOC ( IN in ) ( NP ( JJ rural ) ( NNP Virginia ) ) ) ) ) ) )

After allegations surfaced in a 1985 divorce contest that he had beaten his wife SEC enforcement chief John Fedders retreated to a Trappist monastery in rural Virginia


( S ( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB now ) ) ( PP-PRD ( IN in ) ( NP ( NP ( NN solo ) ( NN law ) ( NN practice ) ) ( PP-LOC ( IN in ) ( NP ( NNP Washington ) ) ) ) ) ) ) ( CC but ) ( S ( S ( NP-SBJ ( PRP$ his ) ( NNS fees ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ meager ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD failed ) ( PP-LOC ( IN in ) ( NP ( NNS efforts ) ( S ( VP ( TO to ) ( VP ( VB win ) ( NP ( NP ( DT a ) ( NN chunk ) ) ( PP ( IN of ) ( NP ( NP ( NP ( PRP$ his ) ( NN ex-wife ) ( POS 's ) ) ( NNS royalties ) ) ( PP ( IN on ) ( NP ( PRP$ her ) ( JJ tell-all ) ( NN book ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He is now in solo law practice in Washington but his fees have been meager and he failed in efforts to win a chunk of his ex-wife 's royalties on her tell-all book


( S ( PP-TMP ( IN From ) ( NP ( NP ( NN time ) ) ( PP ( TO to ) ( NP ( NN time ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ returns ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN monastery ) ) ) ( PP-PRP ( IN for ) ( NP ( NP ( NN prayer ) ) ( NP ( NN meditation ) ) ( CC and ) ( NP ( FW pro ) ( FW bono ) ( JJ legal ) ( NN work ) ) ) ) ) )

From time to time he returns to the monastery for prayer meditation and pro bono legal work


( S ( NP-SBJ ( NNP Mr. ) ( NNP Fedders ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ philosophical ) ( PP ( IN about ) ( NP ( PRP$ his ) ( NNS travails ) ) ) ) ) )

Mr. Fedders is philosophical about his travails


( S ( S-TPC-1 ( NP-SBJ ( DT This ) ( JJ whole ) ( NN experience ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT an ) ( NN opportunity ) ) ( PP ( IN for ) ( NP ( JJ internal ) ( NN growth ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

This whole experience has been an opportunity for internal growth he says


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ sees ) ( NP ( DT a ) ( NN psychoanalyst ) ) ( NP-TMP ( NP ( CD five ) ( NNS mornings ) ) ( NP-ADV ( DT a ) ( NN week ) ) ) ) )

He sees a psychoanalyst five mornings a week


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP 've ) ( VP ( VBN surrendered ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NNS circumstances ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Fedders ) ) ( VP ( VBZ says ) ) )

I 've surrendered to the circumstances Mr. Fedders says


( S ( NP-SBJ ( DT The ) ( NN word ) ( NN surrender ) ) ( VP ( VBZ has ) ( NP ( DT a ) ( JJ precise ) ( JJ psychoanalytic ) ( NN meaning ) ) ) )

The word surrender has a precise psychoanalytic meaning


( S ( NP-SBJ ( PRP$ My ) ( NN universe ) ) ( VP ( VBZ has ) ( VP ( VBN changed ) ) ) )

My universe has changed


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 'm ) ( VP ( VBG enjoying ) ( NP ( NP ( PRP$ my ) ( NN life ) ) ( CC and ) ( SBAR-NOM ( WHNP-1 ( WP who ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP am ) ( NP-TMP ( NN today ) ) ) ) ) ) ) ) )

I 'm enjoying my life and who I am today


( S ( NP-SBJ ( NP ( DT The ) ( NN aspect ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG being ) ( NP-PRD ( DT a ) ( NN mega-lawyer ) ) ) ) ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( RB as ) ( JJ important ) ) ) )

The aspect of being a mega-lawyer is n't as important


( S-HLN ( VP ( VB Do ) ( RB n't ) ( VP ( VB Linger ) ) ) )

Do n't Linger


( SINV ( S-TPC-2 ( NP-SBJ ( NP ( DT The ) ( JJS best ) ( NN thing ) ) ( SBAR ( S ( NP-SBJ ( PRP you ) ) ( VP ( MD can ) ( VP ( VB do ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VB get ) ( PP-DIR ( IN off ) ( NP ( DT the ) ( NN screen ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Buchwald ) ) )

The best thing you can do is get off the screen says Mr. Buchwald


( S ( NP-SBJ ( NN Nobody ) ) ( VP ( VBD proved ) ( NP ( IN that ) ) ( ADVP-MNR ( ADVP ( RBR more ) ( RB masterfully ) ) ( PP ( IN than ) ( NP ( NP ( NNP Mr. ) ( NNP Coelho ) ) ( NP ( DT the ) ( JJ former ) ( JJ Democratic ) ( NN majority ) ( NN whip ) ) ) ) ) ) )

Nobody proved that more masterfully than Mr. Coelho the former Democratic majority whip


( S ( S-ADV ( VP ( VBG Declaring ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NN life ) ) ( PP ( IN after ) ( NP ( NNP Congress ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD resigned ) ( ADVP-TMP ( RB almost ) ( RB immediately ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( NNS media ) ( NNS reports ) ) ( VP ( VBD questioned ) ( NP ( NP ( DT the ) ( NN propriety ) ) ( PP ( IN of ) ( NP ( DT a ) ( CD 1986 ) ( NN junk-bond ) ( NN investment ) ) ) ) ) ) ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( DT any ) ( JJ official ) ( NNS investigations ) ) ( VP ( VBD took ) ( NP ( NN hold ) ) ) ) ) ) )

Declaring that there was life after Congress he resigned almost immediately after media reports questioned the propriety of a 1986 junk-bond investment before any official investigations took hold


( SINV ( PP-LOC-PRD-TPC-2 ( IN Among ) ( NP ( NP ( DT the ) ( NNS glitterati ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD turned ) ( PRT ( RP out ) ) ( PP-MNR ( IN in ) ( NP ( JJ bipartisan ) ( JJ black-tie ) ( NN force ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB benefit ) ( NP ( DT the ) ( NNP Coelho ) ( NNP Epilepsy ) ( NNP Fund ) ) ) ) ) ( NP-TMP ( JJ last ) ( NN month ) ) ) ) ) ) ) ( VP ( VBD were ) ) ( NP-SBJ ( NP ( NNP Sen. ) ( NNP Robert ) ( NNP Dole ) ) ( NP ( NNP Rep. ) ( NNP Newt ) ( NNP Gingrich ) ) ( CC and ) ( NP ( NP ( JJ other ) ( NNS kingpins ) ) ( PP ( IN of ) ( NP ( NNP Congress ) ) ) ) ) )

Among the glitterati who turned out in bipartisan black-tie force to benefit the Coelho Epilepsy Fund last month were Sen. Robert Dole Rep. Newt Gingrich and other kingpins of Congress


( S ( NP-SBJ ( NNP Dan ) ( NNP Rather ) ) ( VP ( VBD served ) ( PP-CLR ( IN as ) ( NP ( NN emcee ) ) ) ) )

Dan Rather served as emcee


( S ( PP ( IN From ) ( NP ( NP ( PRP$ his ) ( JJ new ) ( JJ million-dollar-a-year ) ( NN perch ) ) ( PP-LOC ( IN on ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( VBG managing ) ( NN director ) ) ( PP ( IN of ) ( NP ( NNP Wertheim ) ( NNP Schroder ) ( CC & ) ( NNP Co. ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Coelho ) ) ( VP ( VBZ reports ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NP ( JJ many ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ former ) ( NNS colleagues ) ) ) ) ( VP ( VBP have ) ( VP ( VBN contacted ) ( NP ( PRP him ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB find ) ( PRT ( RP out ) ) ( SBAR ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( PRP they ) ) ( ADVP ( RB too ) ) ( VP ( MD can ) ( VP ( VB pursue ) ( NP ( NN investment ) ( NN banking ) ( NNS careers ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

From his new million-dollar-a-year perch on Wall Street as a managing director of Wertheim Schroder & Co. Mr. Coelho reports that many of his former colleagues have contacted him to find out how they too can pursue investment banking careers


( S-HLN ( NP-SBJ ( PRP It ) ) ( VP ( VBZ Helps ) ( S-CLR ( VP ( TO to ) ( VP ( VB Be ) ( NP-PRD ( NN Male ) ) ) ) ) ) )

It Helps to Be Male


( S ( NP-SBJ ( JJ Male ) ( NN scandal ) ( NNS victims ) ) ( ADVP ( RB invariably ) ) ( VP ( VBP fare ) ( ADVP-MNR ( RBR better ) ) ) )

Male scandal victims invariably fare better


( S ( NP-SBJ-1 ( NP ( NNP Anne ) ( NNP Burford ) ) ( NP ( NP ( DT the ) ( JJ former ) ( NNP EPA ) ( NN chief ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD resigned ) ( PP ( IN under ) ( NP ( NN fire ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1983 ) ) ) ( PP-TMP ( IN during ) ( NP ( NP ( DT a ) ( NN flap ) ) ( PP ( IN with ) ( NP ( NNP Congress ) ) ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN kayoed ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN confrontation ) ) ) ( SBAR-ADV ( RB even ) ( IN though ) ( S ( NP-SBJ-3 ( PRP she ) ) ( VP ( VBD was ) ( ADVP-TMP ( RB never ) ) ( VP ( VBN charged ) ( PP-CLR ( IN with ) ( NP ( JJ official ) ( NN wrondgoing ) ) ) ) ) ) ) ) ) )

Anne Burford the former EPA chief who resigned under fire in 1983 during a flap with Congress was kayoed in the confrontation even though she was never charged with official wrondgoing


( S ( NP-SBJ ( PRP She ) ) ( VP ( VP ( VBD worked ) ( ADVP-MNR ( JJ part-time ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN consultant ) ) ) ) ( CC and ) ( VP ( VBD wrote ) ( NP ( DT a ) ( NN book ) ) ) ( CC but ) ( VP ( ADVP-TMP ( RB never ) ) ( VBD restarted ) ( NP ( PRP her ) ( JJ high-powered ) ( JJ legal ) ( NN career ) ) ) ) )

She worked part-time as a consultant and wrote a book but never restarted her high-powered legal career


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB help ) ( SBAR-TMP-CLR ( WHADVP-1 ( WRB when ) ) ( S ( PP-TMP ( IN in ) ( NP ( CD 1986 ) ) ) ( NP-SBJ-2 ( PRP she ) ) ( VP ( VBD was ) ( VP ( VP ( VBN charged ) ) ( PRN ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( VBN cleared ) ) ) ( PP ( IN on ) ( NP ( NP ( NNS allegations ) ) ( PP ( IN of ) ( NP ( JJ public ) ( NN drunkenness ) ) ) ) ) ) ) ) ) ) ) )

It did n't help when in 1986 she was charged and then cleared on allegations of public drunkenness


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VP ( VBD cut ) ( NP ( PRP$ my ) ( NNS losses ) ) ) ( CC and ) ( VP ( VBD ran ) ) ) ) ( NP-SBJ ( PRP she ) ) ( VP ( VBZ says ) ( PP-LOC ( IN from ) ( NP ( NP ( PRP$ her ) ( JJ new ) ( NN home ) ) ( PP-LOC ( IN in ) ( NP ( NNP Colorado ) ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ-3 ( PRP she ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ busy ) ) ( S-MNR ( VP ( VBG remodeling ) ) ) ) ) ) ) ) ) )

I cut my losses and ran she says from her new home in Colorado where she is busy remodeling


( S ( NP-SBJ ( NNP Mrs. ) ( NNP Burford ) ) ( VP ( VBZ remains ) ( ADJP-PRD ( JJ bitter ) ( PP ( IN over ) ( NP ( NP ( DT the ) ( JJ overwhelming ) ( JJ legal ) ( NNS expenses ) ) ( VP ( VBN involved ) ( PP-CLR ( IN in ) ( S-NOM ( VP ( VBG clearing ) ( NP ( PRP$ her ) ( NN name ) ) ) ) ) ) ) ) ) ) )

Mrs. Burford remains bitter over the overwhelming legal expenses involved in clearing her name


( S ( S-TPC-1 ( NP-SBJ-2 ( PRP$ My ) ( NN husband ) ) ( VP ( VBD was ) ( ADVP ( RB instantly ) ) ( VP ( VBN impoverished ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( JJ very ) ( NN act ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG marrying ) ( NP ( PRP me ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP she ) ) ( VP ( VBZ says ) ) )

My husband was instantly impoverished by the very act of marrying me she says


( S ( NP-SBJ ( NP ( DT Another ) ( JJ former ) ( NNP EPA ) ( NN official ) ) ( NP ( NNP Rita ) ( NNP Lavelle ) ) ) ( VP ( VBZ is ) ( ADVP ( RB still ) ) ( VP ( VBG struggling ) ( PP-TMP ( IN after ) ( NP ( NP ( PRP$ her ) ( NN conviction ) ) ( PP-TMP ( IN in ) ( NP ( CD 1983 ) ) ) ( PP ( IN on ) ( NP ( NN perjury ) ( NNS charges ) ) ) ) ) ) ) )

Another former EPA official Rita Lavelle is still struggling after her conviction in 1983 on perjury charges


( SINV ( S-TPC-4 ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NN nothing ) ) ( SBAR ( S ( NP-SBJ-3 ( PRP she ) ) ( VP ( MD could ) ( VP ( VB do ) ( S-PRP ( VP ( TO to ) ( VP ( VB bring ) ( NP ( PRP herself ) ) ( ADVP-DIR ( RB back ) ( PP ( TO to ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBD was ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( PRP$ her ) ( NN lawyer ) ) ( NP ( NNP James ) ( NNP Bierbower ) ) ) )

There 's nothing she could do to bring herself back to where she was says her lawyer James Bierbower


( S ( S ( NP-SBJ ( PRP You ) ) ( VP ( MD could ) ( VP ( VB say ) ( SBAR ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBD survived ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( RB n't ) ( ADJP-PRD ( JJ easy ) ( PP ( IN on ) ( NP ( PRP her ) ) ) ) ) ) )

You could say she survived but it was n't easy on her


( S ( NP-SBJ-1 ( DT No ) ( NN book ) ( NNS contracts ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN dangled ) ( PP-LOC ( IN before ) ( NP ( NP ( NNP Deborah ) ( NNP Gore ) ( NNP Dean ) ) ( NP ( NP ( DT the ) ( VBG reigning ) ( NN queen ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP HUD ) ( NN scandal ) ) ) ) ) ) ) ) ) )

No book contracts have been dangled before Deborah Gore Dean the reigning queen of the HUD scandal


( S ( NP-SBJ-1 ( NP ( NNP Donna ) ( NNP Rice ) ) ( PP ( IN of ) ( NP ( NNP Gary ) ( NNP Hart ) ( NN fame ) ) ) ) ( VP ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB obtain ) ( NP ( DT a ) ( NN book ) ( NN contract ) ) ) ) ) ) ( CC and ) ( VP ( VBD lost ) ( NP ( NP ( PRP her ) ( NN modeling ) ( NN contract ) ) ( PP ( IN for ) ( NP ( NNP No ) ( NNPS Excuses ) ( NNS jeans ) ) ) ) ) ) )

Donna Rice of Gary Hart fame failed to obtain a book contract and lost her modeling contract for No Excuses jeans


( S ( NP-SBJ-1 ( NP ( NNP Fawn ) ( NNP Hall ) ) ( NP ( NP ( NNP Oliver ) ( NNP North ) ( POS 's ) ) ( JJ former ) ( NN secretary ) ) ) ( VP ( VBZ has ) ( ADVP-CLR ( RB yet ) ) ( S ( VP ( TO to ) ( VP ( VB launch ) ( NP ( DT a ) ( JJ hoped-for ) ( NN television ) ( NN news ) ( NN career ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( PRP$ her ) ( NN lawyer ) ) ) ) ) )

Fawn Hall Oliver North 's former secretary has yet to launch a hoped-for television news career according to her lawyer


( S ( NP-SBJ-1 ( NP ( NNP Rita ) ( NNP Jenrette ) ) ( NP ( NP ( DT the ) ( JJ former ) ( NN wife ) ) ( PP ( IN of ) ( NP ( JJ Abscam-indicted ) ( NNP Rep. ) ( NNP John ) ( NNP Jenrette ) ) ) ) ) ( VP ( VBZ has ) ( ADVP-CLR ( RB yet ) ) ( S ( VP ( TO to ) ( VP ( VB hit ) ( NP ( PRP it ) ) ( ADVP-CLR ( JJ big ) ) ( PP-LOC ( IN in ) ( NP ( NNP Hollywood ) ) ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( PP ( IN with ) ( NP ( NP ( NNS roles ) ) ( PP ( IN in ) ( NP ( NP ( JJ such ) ( NNS movies ) ) ( PP ( IN as ) ( NP ( NP-TTL ( NNP Zombie ) ( NNP Island ) ( NNP Massacre ) ) ( CC and ) ( NP-TTL ( NP ( NNP Aunt ) ( NNP Ida ) ( POS 's ) ) ( NNP Bikini ) ( NNP Shop ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP she ) ) ( VP ( VBZ is ) ( VP ( VBG doing ) ( ADVP-MNR ( ADVP ( NP-ADV ( DT a ) ( NN lot ) ) ( RBR better ) ) ( PP ( IN than ) ( NP ( PRP$ her ) ( JJ former ) ( NN husband ) ) ) ) ) ) ) ) ) )

Rita Jenrette the former wife of Abscam-indicted Rep. John Jenrette has yet to hit it big in Hollywood although with roles in such movies as Zombie Island Massacre and Aunt Ida 's Bikini Shop she is doing a lot better than her former husband


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD was ) ( ADVP-LOC-PRD ( RB back ) ( PP ( IN in ) ( NP ( NN jail ) ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NN summer ) ) ) ( PP ( IN on ) ( NP ( NN shoplifting ) ( NNS charges ) ) ) ) )

He was back in jail over the summer on shoplifting charges


( S-HLN ( VP ( VB Be ) ( NP-PRD ( DT the ) ( NN Star ) ) ) )

Be the Star


( S ( NP-SBJ ( NP ( JJ Central ) ( NNS figures ) ) ( PRN ( PP ( JJ such ) ( IN as ) ( NP ( NNP Richard ) ( NNP Nixon ) ) ) ) ) ( ADVP-TMP ( RB usually ) ) ( VP ( VBP fare ) ( ADVP ( ADVP ( RBR better ) ) ( PP ( IN than ) ( NP ( NP ( DT those ) ) ( PP ( IN with ) ( NP ( VBG supporting ) ( NNS roles ) ) ) ) ) ) ) )

Central figures such as Richard Nixon usually fare better than those with supporting roles


( S ( NP-SBJ-1 ( NP ( NNP Richard ) ( NNP Secord ) ) ( NP ( NP ( DT the ) ( VBN retired ) ( NNP Air ) ( NNP Force ) ( NN general ) ) ( VP ( VBN felled ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Iran-Contra ) ( NN scandal ) ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADVP ( DT all ) ( CC but ) ) ( VBN ruined ) ) ( PRN ( S-ADV ( VP ( VBN forced ) ( S ( VP ( TO to ) ( VP ( VP ( VB sell ) ( NP ( PRP$ his ) ( NNP Virginia ) ( NN home ) ) ) ( CC and ) ( VP ( VB pull ) ( NP ( PRP$ his ) ( NNS kids ) ) ( PP-CLR ( IN out ) ( PP ( IN of ) ( NP ( NN college ) ) ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( JJ recent ) ( JJ fund-raising ) ( NN appeal ) ) ( VP ( VBN sent ) ( PRT ( RP out ) ) ( PP ( IN on ) ( NP ( PRP$ his ) ( NN behalf ) ) ) ) ) ) ) ) ) ) ) )

Richard Secord the retired Air Force general felled in the Iran-Contra scandal is all but ruined forced to sell his Virginia home and pull his kids out of college according to a recent fund-raising appeal sent out on his behalf


( S ( RB Yet ) ( NP-SBJ ( NP ( NP ( PRP$ his ) ( NN co-defendant ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN case ) ) ) ) ( PRN ( ADVP ( RB also ) ) ( NP ( NP ( DT a ) ( JJ former ) ( JJ military ) ( NN officer ) ) ( PP ( IN by ) ( NP ( NP ( DT the ) ( NN name ) ) ( PP ( IN of ) ( NP ( NNP Oliver ) ( NNP North ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADVP-MNR ( RB busily ) ( CC and ) ( RB profitably ) ) ( VP ( VBG burnishing ) ( NP ( NP ( PRP$ his ) ( NN involvement ) ) ( PP ( IN in ) ( NP ( DT the ) ( NN affair ) ) ) ) ) ) ) )

Yet his co-defendant in the case also a former military officer by the name of Oliver North has been busily and profitably burnishing his involvement in the affair


( SBARQ ( WHNP-1 ( WP What ) ) ( SQ ( VP ( VBZ accounts ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NN difference ) ) ) ) ) )

What accounts for the difference


( S ( PP-TMP ( IN During ) ( NP ( DT the ) ( VBN televised ) ( NNP Iran-Contra ) ( NNS hearings ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP North ) ) ( VP ( VBD came ) ( PRT ( RP off ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( NN patriot ) ) ( PP ( IN from ) ( NP ( JJ central ) ( NN casting ) ) ) ) ) ) )

During the televised Iran-Contra hearings Mr. North came off as a patriot from central casting


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Secord ) ( POS 's ) ) ( NN performance ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB decidedly ) ( RBR less ) ( JJ inspiring ) ) ) )

Mr. Secord 's performance was decidedly less inspiring


( S ( NP-SBJ ( NNP Mr. ) ( NNP North ) ) ( VP ( VBZ remains ) ( PP-PRD ( IN in ) ( NP ( NP ( JJ heavy ) ( NN demand ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( NN speaker ) ) ( PP ( IN for ) ( NP ( NP ( NNS fees ) ) ( VP ( VBN reported ) ( PP-CLR ( IN in ) ( NP ( DT the ) ( ADJP ( CD 20,000 ) ) ( NN range ) ) ) ) ) ) ) ) ) ) ) )

Mr. North remains in heavy demand as a speaker for fees reported in the 20,000 range


( S ( PP-LOC ( RB Even ) ( IN in ) ( NP ( NP ( DT the ) ( NN wake ) ) ( PP ( IN of ) ( NP ( NNP Hurricane ) ( NNP Hugo ) ) ) ) ) ( NP-SBJ ( CD 750 ) ( NNS people ) ) ( VP ( VBD turned ) ( PRT ( RP out ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ remote ) ( NNP Virginia ) ( NN town ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( PP-PRP ( IN for ) ( NP ( NP ( DT a ) ( NN family ) ( NN tribute ) ) ( PP ( TO to ) ( NP ( NNP Mr. ) ( NNP North ) ) ) ( VP ( VBN given ) ( PP ( IN by ) ( NP-LGS ( NP ( QP ( CD two ) ( NN dozen ) ) ( JJ conservative ) ( NNS members ) ) ( PP ( IN of ) ( NP ( NNP Congress ) ) ) ) ) ) ) ) ) )

Even in the wake of Hurricane Hugo 750 people turned out in a remote Virginia town in September for a family tribute to Mr. North given by two dozen conservative members of Congress


( S-HLN ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( NN Sex ) ) ( VP ( VBZ Is ) ( ADJP-PRD ( VBN Involved ) ) ) ) ) ( NP-SBJ ( DT All ) ( NNS Bets ) ) ( VP ( VBP Are ) ( ADVP-PRD ( IN Off ) ) ) )

If Sex Is Involved All Bets Are Off


( S ( S ( NP-SBJ ( NN Sex ) ( NNS scandals ) ) ( VP ( VBP make ) ( S ( NP-SBJ ( NNS people ) ) ( VP ( VB look ) ( ADJP-PRD ( JJ careless ) ( CC and ) ( JJ silly ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJS worst ) ( NNS sins ) ) ( PP-LOC ( IN in ) ( NP ( NNP Washington ) ) ) ) ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN laughed ) ( PP-CLR ( IN at ) ) ) ) ) ) ) ) )

Sex scandals make people look careless and silly and one of the worst sins in Washington is to be laughed at


( SINV ( S-TPC-1 ( NP-SBJ ( PRP You ) ) ( VP ( MD can ) ( VP ( VB be ) ( ADJP-PRD ( ADJP ( JJ wicked ) ) ( CC but ) ( ADJP ( RB not ) ( JJ foolish ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Mankiewicz ) ) )

You can be wicked but not foolish says Mr. Mankiewicz


( S ( ADVP ( RB Nevertheless ) ) ( NP-SBJ-2 ( NP ( NNP Rep. ) ( NNP Gerry ) ( NNP Studds ) ) ( PP ( IN of ) ( NP ( NNP Massachusetts ) ) ) ) ( VP ( VBD was ) ( ADVP-MNR ( RB handily ) ) ( VP ( JJ re-elected ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( NN candor ) ) ( SBAR ( WHPP-1 ( IN with ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD handled ) ( NP ( NNS revelations ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( NP ( NN sex ) ) ( PP-CLR ( IN with ) ( NP ( DT a ) ( JJ male ) ( JJ congressional ) ( NN page ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1983 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Nevertheless Rep. Gerry Studds of Massachusetts was handily re-elected because of the candor with which he handled revelations that he had sex with a male congressional page in 1983


( S ( NP-SBJ ( NP ( NNP Former ) ( NNP Rep. ) ( NNP Robert ) ( NNP Bauman ) ) ( NP ( NP ( DT a ) ( NNP Maryland ) ( NNP Republican ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD lost ) ( NP ( PRP$ his ) ( NN seat ) ) ( PP-TMP ( IN in ) ( NP ( CD 1980 ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBN caught ) ( S ( VP ( VBG soliciting ) ( NP ( NN sex ) ) ( PP-CLR ( IN from ) ( NP ( DT a ) ( JJ 16-year-old ) ( NN boy ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB never ) ) ( VP ( VBN regained ) ( NP ( NP ( PRP$ his ) ( JJ professional ) ( NN footing ) ) ( PP ( IN as ) ( NP ( DT a ) ( NN lawyer ) ) ) ) ) ) )

Former Rep. Robert Bauman a Maryland Republican who lost his seat in 1980 after he was caught soliciting sex from a 16-year-old boy has never regained his professional footing as a lawyer


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Bauman ) ) ( NP ( DT a ) ( NN conservative ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBN deserted ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( JJ right ) ( NN wing ) ) ) ) ) ) ) ) )

Mr. Bauman a conservative says he was deserted by the right wing


( S ( S-TPC-1 ( NP-SBJ ( NNS Conservatives ) ) ( VP ( VBP shoot ) ( NP ( PRP$ their ) ( JJ own ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

Conservatives shoot their own he says


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-1 ( DT the ) ( JJ political ) ( NN establishment ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ reluctant ) ( S ( VP ( TO to ) ( VP ( VB forgive ) ( NP ( JJ sexual ) ( NNS misadventures ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ private ) ( NN sector ) ) ( ADVP-TMP ( RB sometimes ) ) ( VP ( MD will ) ) )

If the political establishment is reluctant to forgive sexual misadventures the private sector sometimes will


( S ( NP-SBJ-1 ( NNP John ) ( NNP Tower ) ) ( VP ( VBD was ) ( VP ( VBN accused ) ( PP-CLR ( IN of ) ( NP ( VBG womanizing ) ( CC and ) ( VBG boozing ) ) ) ( PP-TMP ( IN during ) ( NP ( NP ( PRP$ his ) ( JJ unsuccessful ) ( NN bid ) ( S ( VP ( TO to ) ( VP ( VB win ) ( NP ( NP ( NN confirmation ) ) ( PP ( IN as ) ( NP ( NP ( NN secretary ) ) ( PP ( IN of ) ( NP ( NN defense ) ) ) ) ) ) ) ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) )

John Tower was accused of womanizing and boozing during his unsuccessful bid to win confirmation as secretary of defense earlier this year


( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( VP ( VP ( VBG writing ) ( NP ( DT a ) ( NN book ) ) ) ( VP ( VBG serving ) ( PP-LOC ( IN on ) ( NP ( DT an ) ( JJ elite ) ( JJ foreign ) ( NN policy ) ( JJ advisory ) ( NN board ) ) ) ) ( CC and ) ( VP ( VBG consulting ) ( PP ( IN for ) ( NP ( NP ( DT an ) ( NN array ) ) ( PP ( IN of ) ( NP ( NP ( JJ corporate ) ( NNS clients ) ) ( PP ( VBG including ) ( NP ( JJ British ) ( NN publishing ) ( NN mogul ) ( NNP Robert ) ( NNP Maxwell ) ) ) ) ) ) ) ) ) ) )

Now he is writing a book serving on an elite foreign policy advisory board and consulting for an array of corporate clients including British publishing mogul Robert Maxwell


( S-HLN ( VP ( VB Become ) ( NP-PRD ( DT a ) ( NN Lobbyist ) ) ) )

Become a Lobbyist


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( NP ( DT all ) ) ( ADJP ( RB else ) ) ) ( VP ( VBZ fails ) ) ) ) ( NP-SBJ ( NP ( NNP Gucci ) ( NNP Gulch ) ) ( PRN ( NP ( NP ( DT the ) ( JJ fabled ) ( NNS halls ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Capitol ) ) ) ( VP ( VBN inhabited ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS lobbyists ) ) ( CC and ) ( NP ( PRP$ their ) ( VBN imported ) ( NNS shoes ) ) ) ) ) ) ) ) ( VP ( VBZ offers ) ( NP ( NP ( DT a ) ( JJ welcome ) ( NN environment ) ) ( PP ( IN for ) ( NP ( VBN fallen ) ( NNS officials ) ) ) ) ) )

When all else fails Gucci Gulch the fabled halls of the Capitol inhabited by lobbyists and their imported shoes offers a welcome environment for fallen officials


( S ( NP-SBJ ( NP ( NNP Former ) ( NNP Rep. ) ( NNP Fernand ) ( NNP St ) ( NNP Germain ) ) ( VP ( VBD brought ) ( ADVP-CLR ( RB down ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( JJ savings-and-loan ) ( NN crisis ) ) ) ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ represents ) ( PRN ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBD guessed ) ( NP ( PRP it ) ) ) ) ) ( NP ( JJ savings-and-loans ) ( NNS associations ) ) ) )

Former Rep. Fernand St Germain brought down by the savings-and-loan crisis now represents you guessed it savings-and-loans associations


( S ( NP-SBJ ( DT Some ) ) ( VP ( VBD become ) ( NP-PRD ( NNS pseudo-lobbyists ) ) ) )

Some become pseudo-lobbyists


( S ( NP-SBJ ( NNP John ) ( NNP Mack ) ) ( ADVP ( RB promptly ) ) ( VP ( VBD quit ) ( NP ( NP ( PRP$ his ) ( NN job ) ) ) ( NP-TMP ( JJ last ) ( NN spring ) ) ( PP-2 ( IN as ) ( NP ( NP ( DT an ) ( NN aide ) ) ( PP ( TO to ) ( NP ( NNP Speaker ) ( NNP Wright ) ) ) ) ) ( PP-LOC ( IN amid ) ( NP ( NP ( JJ public ) ( NN outrage ) ) ( PP ( IN over ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Mack ) ( POS 's ) ) ( JJ violent ) ( NN attack ) ) ( PP ( IN on ) ( NP ( DT a ) ( JJ young ) ( NN woman ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( ADJP-PRD ( NP ( CD 19 ) ( NNS years ) ) ( JJ old ) ) ) ) ) ) ) ) ) ) )

John Mack promptly quit his job last spring as an aide to Speaker Wright amid public outrage over Mr. Mack 's violent attack on a young woman when he was 19 years old


( S ( S ( PP-TMP ( IN After ) ( NP ( NP ( DT a ) ( JJ few ) ( NNS weeks ) ) ( PP-LOC ( IN in ) ( NP ( NN seclusion ) ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Mack ) ) ( VP ( VBD opened ) ( NP ( DT a ) ( VBG consulting ) ( NN firm ) ) ( PRN ( CC but ) ( S-PRP ( RB not ) ( VP ( TO to ) ( VP ( VB enable ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( TO to ) ( VP ( ADVP-MNR ( RB directly ) ) ( VB lobby ) ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( WDT that ) ) ( VP ( MD would ) ( VP ( VB require ) ( S ( NP-SBJ-2 ( PRP him ) ) ( VP ( TO to ) ( VP ( VB disclose ) ( NP ( PRP$ his ) ( NNS clients ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG registering ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN lobbyist ) ) ) ) ) ) ) ) ) ) ) ) )

After a few weeks in seclusion Mr. Mack opened a consulting firm but not to enable him to directly lobby that would require him to disclose his clients by registering as a lobbyist


( S ( ADVP ( RB Still ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Mack ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ talks ) ( PP-CLR ( TO to ) ( NP ( NP ( CD 30 ) ( NNS members ) ) ( PP ( IN of ) ( NP ( NNP Congress ) ) ) ( NP-ADV ( DT a ) ( NN week ) ) ) ) ) ) ) ) )

Still Mr. Mack says he talks to 30 members of Congress a week


( S-HLN ( NP-SBJ ( NN Misery ) ) ( VP ( VBZ Loves ) ( NP ( NN Company ) ) ) )

Misery Loves Company


( S ( NP-SBJ ( JJ Other ) ( NN scandal ) ( NNS survivors ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB sometimes ) ) ( NP-PRD ( NP ( DT the ) ( JJS best ) ( NN source ) ) ( PP ( IN of ) ( NP ( NN solace ) ) ) ) ) )

Other scandal survivors are sometimes the best source of solace


( S ( NP-SBJ-4 ( NP ( NNP Raymond ) ( NNP Donovan ) ) ( NP ( NP ( DT the ) ( NNP New ) ( NNP Jersey ) ( NN construction ) ( NN executive ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD was ) ( VP ( VP ( VBN forced ) ( S ( VP ( TO to ) ( VP ( VB resign ) ( PP-CLR ( IN as ) ( NP ( NN labor ) ( NN secretary ) ) ) ) ) ) ) ( CC and ) ( VP ( VBN indicted ) ( PP-TMP ( IN in ) ( NP ( CD 1985 ) ) ) ) ( S-ADV ( ADVP ( RB only ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN acquitted ) ( PP-CLR ( IN of ) ( NP ( NN fraud ) ( NNS charges ) ) ) ) ) ) ) ) ) ) ) ) ) ( ADVP-TMP ( RB often ) ) ( VP ( VBZ calls ) ( NP ( JJ other ) ( JJ scandal-tossed ) ( JJ public ) ( NNS figures ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB offer ) ( NP ( DT a ) ( JJ sympathetic ) ( NN ear ) ) ) ) ) ) )

Raymond Donovan the New Jersey construction executive who was forced to resign as labor secretary and indicted in 1985 only to be acquitted of fraud charges often calls other scandal-tossed public figures to offer a sympathetic ear


( S-2 ( NP-TMP ( NP ( DT Each ) ( NN time ) ) ( SBAR ( S ( NP-SBJ ( DT a ) ( JJ new ) ( NN scandal ) ) ( VP ( VBZ hits ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ pulls ) ( NP ( DT the ) ( NNS scabs ) ) ( PP-CLR ( IN off ) ( NP ( PRP$ your ) ( NNS knees ) ) ) ) )

Each time a new scandal hits he says it pulls the scabs off your knees


( S ( NP-SBJ ( NP ( CD One ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ first ) ( NNS people ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB come ) ( PP-DIR ( TO to ) ( NP ( DT the ) ( NNP Deaver ) ( NN home ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( PRP$ his ) ( NNS troubles ) ) ( VP ( VBD erupted ) ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( JJ former ) ( NNP Nixon ) ( NN aide ) ( NNP John ) ( NNP Ehrlichman ) ) ( SBAR ( WHNP-1 ( WP whom ) ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Deaver ) ) ( VP ( ADVP-MNR ( RB scarcely ) ) ( VBD knew ) ) ) ) ) ) )

One of the first people to come to the Deaver home after his troubles erupted was former Nixon aide John Ehrlichman whom Mr. Deaver scarcely knew


( S ( S-TPC-1 ( NP-SBJ ( PRP He ) ) ( VP ( VBD reassured ) ( NP ( PRP me ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN hurricane ) ) ( VP ( MD would ) ( VP ( VB end ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Deaver ) ) ( VP ( VBZ recalls ) ) )

He reassured me that the hurricane would end Mr. Deaver recalls


( S ( NP-SBJ ( NNP Mr. ) ( NNP Bauman ) ) ( VP ( VBD received ) ( NP ( DT an ) ( JJ encouraging ) ( NN letter ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NP ( DT the ) ( VBN recognized ) ( NN master ) ) ( PP ( IN of ) ( NP ( NN scandal ) ( NN survival ) ) ) ) ( NP ( NNP Richard ) ( NNP Nixon ) ) ) ) ) )

Mr. Bauman received an encouraging letter from the recognized master of scandal survival Richard Nixon


( SINV ( VP ( VBZ Says ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Bauman ) ) ( S-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( NNS things ) ) ( VP ( VBP get ) ( ADJP-PRD ( RB really ) ( JJ tough ) ) ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( MD can ) ( ADVP-TMP ( RB always ) ) ( VP ( VB auction ) ( NP ( PRP it ) ) ( PRT ( RP off ) ) ( PP-LOC ( IN at ) ( NP ( NNP Sotheby ) ( POS 's ) ) ) ) ) ) )

Says Mr. Bauman If things get really tough I can always auction it off at Sotheby 's


( S ( S-TPC-2 ( NP-SBJ-1 ( NNP Total ) ( NNPS Assets ) ( NNP Protection ) ( NNP Inc. ) ) ( S-ADV ( VP ( VBG rebounding ) ( PP-CLR ( IN from ) ( NP ( PRP$ its ) ( JJR earlier ) ( NN loss ) ) ) ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB report ) ( NP ( NP ( NNS earnings ) ) ( PP ( IN from ) ( NP ( NNS operations ) ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 200,000 ) ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP J.C. ) ( NNP Matlock ) ) ( NP ( NN chairman ) ) ) ( VP ( VBD said ) ) )

Total Assets Protection Inc. rebounding from its earlier loss expects to report earnings from operations of about 200,000 for the third quarter J.C. Matlock chairman said


( S ( NP-SBJ ( JJ Net ) ( NN income ) ) ( VP ( VBZ includes ) ( NP ( NP ( DT an ) ( JJ extraordinary ) ( NN gain ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 100,000 ) ) ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN reversal ) ) ( PP ( IN of ) ( NP ( NP ( JJ bad ) ( NN debt ) ) ( CC and ) ( NP ( NN interest ) ( NN income ) ) ) ) ) ) ) ) )

Net income includes an extraordinary gain of about 100,000 from the reversal of bad debt and interest income


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD was ) ( NP-PRD ( QP ( IN about ) ( CD 4.5 ) ( CD million ) ) ) ) )

Revenue was about 4.5 million


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD 1988 ) ( JJ third ) ( NN quarter ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD posted ) ( NP ( NP ( DT a ) ( JJ net ) ( NN loss ) ) ( PP ( IN of ) ( NP ( NP ( CD 876,706 ) ) ( CC or ) ( NP ( NP ( CD 22 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP ( IN on ) ( NP ( NP ( NN revenue ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 5.1 ) ( CD million ) ) ) ) ) ) ) ) )

In the 1988 third quarter the company posted a net loss of 876,706 or 22 cents a share on revenue of about 5.1 million


( S ( NP-SBJ ( NNP Total ) ( NNPS Assets ) ) ( VP ( VBZ plans ) ( CC and ) ( VBZ designs ) ( NP ( NP ( NN computer ) ( NNS centers ) ) ( NP ( NN computer ) ( NN security ) ( NNS systems ) ) ( CC and ) ( NP ( NN computer ) ( NN backup ) ( NNS systems ) ) ) ) )

Total Assets plans and designs computer centers computer security systems and computer backup systems


( S ( NP-SBJ ( NNP Compaq ) ( NNP Computer ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP$ its ) ( NN net ) ( NN income ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 51 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ( S-ADV ( S ( VP ( VBN bolstered ) ( PP ( IN by ) ( NP-LGS ( NP ( JJ unusual ) ( NNS gains ) ) ( PP ( IN from ) ( NP ( NP ( PRP$ its ) ( NN investment ) ) ( PP ( IN in ) ( NP ( DT a ) ( NN disk-drive ) ( NN maker ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( VP ( VBG reflecting ) ( NP ( NP ( VBN continued ) ( NN growth ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ its ) ( JJ European ) ( NNS operations ) ) ) ) ) ) ) ) ) ) ) )

Compaq Computer Corp. said that its net income rose 51 % in the third quarter bolstered by unusual gains from its investment in a disk-drive maker and reflecting continued growth in its European operations


( S ( NP-SBJ ( DT The ) ( NN computer ) ( NN maker ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN net ) ) ( VP ( VBD jumped ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 87 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 2.02 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 58 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.40 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) )

The computer maker said net jumped to 87 million or 2.02 a share from 58 million or 1.40 a share a year earlier


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD increased ) ( NP-EXT ( CD 36 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 683 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 502 ) ( CD million ) ) ) ) ) )

Sales increased 36 % to 683 million from 502 million


( S ( NP-SBJ ( NP ( DT The ) ( JJS latest ) ( NN quarter ) ( POS 's ) ) ( NNS results ) ) ( ADVP ( RB however ) ) ( VP ( VBD included ) ( NP ( NP ( NP ( DT a ) ( NN pretax ) ( NN gain ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 13.7 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 20 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( VBG carrying ) ( NN value ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN investment ) ) ( PP ( IN in ) ( NP ( NNP Conner ) ( NNPS Peripherals ) ( NNP Inc. ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 7.6 ) ( CD million ) ) ) ( NN gain ) ) ( CC or ) ( NP ( NP ( CD 11 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( QP ( CD one ) ( CD million ) ) ( NNP Conner ) ( NNS shares ) ) ) ) ) ) ) ) )

The latest quarter 's results however included a pretax gain of 13.7 million or 20 cents a share in the carrying value of the company 's investment in Conner Peripherals Inc. and a 7.6 million gain or 11 cents a share from the sale of one million Conner shares


( S ( NP-SBJ ( NP ( NN Net ) ) ( PP ( IN for ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( QP ( CD 254 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 5.94 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB up ) ( NP ( CD 56 ) ( NN % ) ) ( PP ( IN from ) ( NP ( NP ( QP ( CD 163 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 4.06 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) )

Net for the nine months was 254 million or 5.94 a share up 56 % from 163 million or 4.06 a share a year earlier


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 50 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 2.1 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 1.4 ) ( CD billion ) ) ) ) ) )

Sales rose 50 % to 2.1 billion from 1.4 billion


( S ( NP-SBJ ( NP ( NN Net ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ year-earlier ) ( CD nine ) ( NNS months ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD included ) ( NP ( NP ( DT a ) ( NN gain ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 9.7 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 15 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( VBG carrying ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Conner ) ( NN investment ) ) ) ) ) ) ) )

Net for the year-earlier nine months also included a gain of 9.7 million or 15 cents a share in the carrying value of the Conner investment


( S ( NP-SBJ ( NP ( NNP Michael ) ( NNP Swavely ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Compaq ) ( POS 's ) ) ( NNP North ) ( NNP America ) ( NN division ) ) ) ) ) ( VP ( VBD attributed ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN third-quarter ) ( NN performance ) ) ( PP-CLR ( TO to ) ( NP ( NP ( VBN continued ) ( NNS increases ) ) ( PP ( IN in ) ( NP ( NP ( JJ international ) ( NNS sales ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD accounted ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( CD 43 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS sales ) ) ) ) ( NP ( NP ( DT a ) ( ADJP ( CD 74 ) ( NN % ) ) ( NN increase ) ) ( PP ( IN from ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Michael Swavely president of Compaq 's North America division attributed the company 's third-quarter performance to continued increases in international sales which accounted for 43 % of the company 's sales a 74 % increase from a year earlier


( S ( S-TPC-2 ( PP-TMP ( IN Over ) ( NP ( NP ( DT the ) ( JJ next ) ( NN couple ) ) ( PP ( IN of ) ( NP ( NNS years ) ) ) ) ) ( NP-SBJ-1 ( PRP we ) ) ( VP ( MD would ) ( RB not ) ( VP ( VB be ) ( ADJP-PRD ( VBN surprised ) ( S ( VP ( TO to ) ( VP ( VB see ) ( S ( NP-SBJ ( NP ( NNP Europe ) ) ( CC and ) ( NP ( JJ international ) ( NNS sales ) ) ) ( VP ( VBP represent ) ( NP ( NP ( CD 50 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS revenues ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

Over the next couple of years we would not be surprised to see Europe and international sales represent 50 % of the company 's revenues he said


( S ( PP-TMP ( IN During ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ( NP-SBJ ( NNP Compaq ) ) ( VP ( VBD purchased ) ( NP ( NP ( DT a ) ( JJ former ) ( NNP Wang ) ( NNPS Laboratories ) ( VBG manufacturing ) ( NN facility ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Stirling ) ) ( NP ( NNP Scotland ) ) ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN used ) ( PP-CLR ( IN for ) ( NP ( JJ international ) ( NN service ) ( CC and ) ( NN repair ) ( NNS operations ) ) ) ) ) ) ) ) ) ) )

During the third quarter Compaq purchased a former Wang Laboratories manufacturing facility in Stirling Scotland which will be used for international service and repair operations


( S ( NP-SBJ ( NNP Mr. ) ( NNP Swavely ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( JJ new ) ( NN space ) ) ( VP ( MD will ) ( VP ( VB allow ) ( S ( NP-SBJ ( NNP Compaq ) ) ( VP ( TO to ) ( VP ( VB increase ) ( NP ( NP ( DT the ) ( VBG manufacturing ) ( NN capacity ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( NN plant ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Erskine ) ) ( NP ( NNP Scotland ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Swavely said the new space will allow Compaq to increase the manufacturing capacity of its plant in Erskine Scotland


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-TMP ( NN yesterday ) ) ( NP-SBJ ( NNP Compaq ) ( NNS shares ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 1.625 ) ) ( PP-DIR ( TO to ) ( NP ( CD 108.625 ) ) ) ) )

In New York Stock Exchange composite trading yesterday Compaq shares fell 1.625 to 108.625


( S ( NP-SBJ ( DT The ) ( NNP National ) ( NNP Aeronautics ) ( CC and ) ( NNP Space ) ( NNP Administration ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD awarded ) ( NP ( NNP General ) ( NNP Dynamics ) ( NNP Corp. ) ) ( NP ( DT a ) ( ADJP ( QP ( CD 64 ) ( CD million ) ) ) ( NN contract ) ( S ( VP ( TO to ) ( VP ( VB launch ) ( NP ( DT the ) ( NNP Combined ) ( NNP Release ) ( CC and ) ( NNP Radiation ) ( NNPS Effects ) ( NNP Satellite ) ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) )

The National Aeronautics and Space Administration said it awarded General Dynamics Corp. a 64 million contract to launch the Combined Release and Radiation Effects Satellite in June 1990


( S ( NP-SBJ ( NNP CRRES ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ joint ) ( NNP NASA-Air ) ( NNP Force ) ( NN satellite ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB study ) ( NP ( NP ( DT the ) ( NNS effects ) ) ( PP ( IN of ) ( NP ( NN space ) ( NN radiation ) ) ) ( PP ( IN on ) ( NP ( JJ micro-electronic ) ( NNS components ) ) ) ) ) ) ) ) ) ) )

CRRES is a joint NASA-Air Force satellite to study the effects of space radiation on micro-electronic components


( S ( NP-SBJ ( NNP NASA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NNP General ) ( NNP Dynamics ) ) ( VP ( MD will ) ( VP ( VB launch ) ( NP ( NNP CRRES ) ) ( S-MNR ( VP ( VBG using ) ( NP ( DT an ) ( NNP Atlas ) ( CD 1 ) ( NN rocket ) ) ) ) ) ) ) ) ) )

NASA said General Dynamics will launch CRRES using an Atlas 1 rocket


( S ( NP-SBJ ( NNP Marsh ) ( CC & ) ( NNP McLennan ) ( NNP Cos. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( DT the ) ( NN rest ) ) ( PP ( IN of ) ( NP ( NP ( NNP Gradmann ) ( CC & ) ( NNP Holler ) ) ( NP ( NP ( DT a ) ( VBG leading ) ( JJ West ) ( JJ German ) ( NN insurance ) ( NN brokerage ) ( NN firm ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN held ) ( NP ( DT a ) ( ADJP ( CD 15 ) ( NN % ) ) ( NN stake ) ) ( PP-TMP ( IN for ) ( NP ( CD 15 ) ( NNS years ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Marsh & McLennan Cos. said it agreed to acquire the rest of Gradmann & Holler a leading West German insurance brokerage firm in which it has held a 15 % stake for 15 years


( S ( NP-SBJ ( NP ( DT The ) ( NN transaction ) ) ( PP ( IN for ) ( NP ( NN cash ) ( CC and ) ( NN stock ) ) ) ) ( VP ( MD would ) ( VP ( VB represent ) ( NP ( DT the ) ( JJS biggest ) ( JJ European ) ( NN takeover ) ) ( PP-TMP ( IN since ) ( NP ( CD 1980 ) ) ) ( PP ( IN for ) ( NP ( NP ( NNP New ) ( JJ York-based ) ( NNP Marsh ) ( CC & ) ( NNP McLennan ) ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJS largest ) ( NN insurance ) ( NN broker ) ) ) ) ) ) )

The transaction for cash and stock would represent the biggest European takeover since 1980 for New York-based Marsh & McLennan the world 's largest insurance broker


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( ADVP ( RB also ) ) ( NP-PRD ( NP ( DT the ) ( RB first ) ( JJ major ) ( NN sign ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ long-awaited ) ( NN consolidation ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ European ) ( NN insurance ) ( NN industry ) ) ) ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( DT the ) ( NNP European ) ( NNP Community ) ( NNP Commission ) ) ( VP ( VBZ moves ) ( PP-DIR ( IN toward ) ( NP ( NP ( DT a ) ( JJ single ) ( NN market ) ) ( PP-TMP ( IN by ) ( NP ( CD 1992 ) ) ) ) ) ) ) ) ) )

It 's also the first major sign of the long-awaited consolidation in the European insurance industry as the European Community Commission moves toward a single market by 1992