STOP 
The economy 's *UNK* will be taken from several *UNK* points this week , with *UNKS* on trade , output , housing and inflation . STOP 
The most *UNK* report may be the August merchandise trade deficit due out tomorrow . STOP 
The trade gap is expected to *UNK* to about $ 9 billion from July 's $ 7.6 billion , according to a survey by *CUNK* International , a unit of *CUNK-* Inc. , New York . STOP 
Thursday 's report on the September consumer price index is expected to rise , although not as sharply as the 0.9 % gain reported Friday in the producer price index . STOP 
That gain was being cited as a reason the stock market was down early in Friday 's session , before it got started on its reckless 190-point plunge . STOP 
Economists are divided as to how much manufacturing strength they expect to see in September reports on industrial production and capacity utilization , also due tomorrow . STOP 
Meanwhile , September housing starts , due Wednesday , are thought to have *UNKED* upward . STOP 
`` There 's a possibility of a surprise '' in the trade report , said Michael *CUNK* , director of research at *CUNK* . STOP 
A *UNKING* of the deficit , if it were combined with a *UNKLY* strong dollar , would *UNK* trade problems -- but the dollar weakened Friday as stocks plummeted . STOP 
In any event , Mr. *CUNK* and many others say that the easy gains in *UNKING* the trade gap have already been made . STOP 
`` Trade is definitely going to be more politically sensitive over the next six or seven months as improvement begins to slow , '' he said . STOP 
*CUNKS* are thought to have risen strongly in August , but probably not enough to offset the jump in imports , economists said . STOP 
*CUNKS* on manufacturing strength are split between economists who read September 's low level of factory job growth as a sign of a slowdown and those who use the somewhat more *UNKING* total employment figures in their calculations . STOP 
The wide range of estimates for the industrial output number *UNKS* the differences : The forecasts run from a drop of 0.5 % to an increase of 0.4 % , according to *CUNK* . STOP 
A rebound in energy prices , which helped push up the producer price index , is expected to do the same in the consumer price report . STOP 
The consensus view expects a 0.4 % increase in the September *CUNK* after a flat reading in August . STOP 
Robert H. *CUNKS* , an economist for Lloyd 's Bank in New York , is among those expecting a more moderate gain in the *CUNK* than in prices at the producer level . STOP 
`` *CUNK* prices had a big effect in the *CUNK* , and at the *CUNK* level they wo n't , '' he said . STOP 
Food prices are expected to be unchanged , but energy costs jumped as much as 4 % , said Gary *CUNK* , economist at *CUNK* Financial Group . STOP 
He also says he thinks `` core inflation , '' which *UNKS* the volatile food and energy prices , was strong last month . STOP 
He expects a gain of as much as 0.5 % in core inflation after a summer of far smaller increases . STOP 
Housing starts are expected to *UNK* a bit from August 's annual pace of *UNKN* units . STOP 
Economists say an August rebound in permits for *UNKLY* units signaled an increase in September starts , though activity remains fairly modest by historical standards . STOP 
*CUNK-* Street STOP 
If the *UNK-* *UNKING* law 's fair , Why should we not then *UNK* the *UNK* To require that all employees give *CUNK* notice before they quit ? STOP 
-- *CUNK* S. *CUNKER* . STOP 
*CUNK* *CUNK* STOP 
When research projects are *UNKED* due to government funding cuts , are we `` caught with our grants down '' ? STOP 
-- *CUNK* *CUNK* . STOP 
*CUNKING* the stock market does n't crash again and completely *UNK* *UNKS* and trading rooms , American television audiences in a few months may be seeing Britain 's concept of both . STOP 
`` Capital City '' is a weekly series that *UNKED* here three weeks ago amid unprecedented *UNK* by its producer , *CUNKS* Television . STOP 
The early *UNKS* make you long for a *UNK* of the crash of 1987 . STOP 
Let 's make that *UNKN* , just to be sure . STOP 
According to the program 's publicity prospectus , `` Capital City , '' set at *CUNK* *CUNK* , a *UNKAL* *UNKED* securities firm with # 500 million capital , `` follows the *UNKS* of a *UNK-* team of young , *UNKING* dealers , hired for their particular *UNK* of style , *UNKS* and energy . STOP 
But with all the money and *UNK* of high finance come the *UNKS* pressures to do well ; pressure to pull off another million before lunch ; pressure to anticipate the market by a *UNKION* of a second ... '' STOP 
You need n't be a *UNKED* securities lawyer to realize the prospectus is guilty of less than full disclosure . STOP 
The *UNKLY* produced series has been criticized by London 's financial *UNK* as *UNK* in detail , but its major weakness is its *UNUNK* *UNKION* of the characters ' professional and private lives . STOP 
*CUNKED* loose in *CUNK* *CUNK* 's trading room , the *UNK* dealers do little right . STOP 
*CUNKING* by the money lost and mistakes made in the early *UNKS* , *CUNK* *CUNK* 's capital should be just about *UNKED* by the final 13th week . STOP 
In the opening episode we learn that *CUNK* , a *UNK* bond trader , has indeed pulled off another million before lunch . STOP 
*CUNK* is , she has lost it just as quickly . STOP 
Rather than keep the loss a secret from the outside world , *CUNK* *UNKS* about it to a *UNK* man while ordering lunch over the phone . STOP 
Little chance that *CUNK* *CUNK* is going to *UNK* today . STOP 
Traders spend the morning *UNKLY* selling bonds , in the belief that the U.S. monthly trade figures will look *UNK* . STOP 
*CUNK* , *OUS* Columbia ! STOP 
The trade figures turn out well , and all those recently *UNKED* bonds *UNK* in price . STOP 
So much for *UNKING* the market by a *UNKION* of a second . STOP 
And a large *UNK* of the first episode is devoted to efforts to get rid of some nearly *UNKS* Japanese bonds -LRB- since when is anything Japanese nearly *UNKS* *UNKS* ? -RRB- . STOP 
*CUNKLY* , *CUNK* *CUNK* *UNKS* the week , only to have a senior executive *UNKLY* *UNK* his way into becoming the target of a criminal insider trading investigation . STOP 
Instead of closing ranks to protect the firm 's reputation , the executive 's internal rivals , led by a *UNK* American , demand his resignation . STOP 
The plot is *UNKED* when the firm 's major *UNKER* , *UNK* *UNKING* on the other side of the *UNK* , *UNKS* home to support the executive . STOP 
But the investigation continues . STOP 
If you can *UNK* the *UNK* that the *UNKS* for such *UNK* are *UNK-* salaries , you still are left *UNKED* , because few of the *UNKS* *UNK* very *UNKLY* . STOP 
In fact , few *UNK* much of anything . STOP 
Two share a house almost *UNK* of furniture . STOP 
*CUNK* lives in a hotel room , and although she drives a *UNKED* *CUNK* , she has n't time to clean or repair it ; the *UNK-* vehicle can be started only with a huge *UNK* of *UNKS* because the *UNKION* key has broken off in the lock . STOP 
And it takes *CUNK* , the *UNK* *UNKS* ' man of the cast , until the third episode to get past first base with any of his *UNK* . STOP 
Perhaps the explanation for these *UNKS* is that *OUS* Britain is n't ready to come to terms with the wealth created by the *CUNK* *UNK-* regime . STOP 
After all , this is n't old money , but new money , and in many cases , young money . STOP 
This attitude is clearly *UNKED* in the treatment of Max , the trading room 's most *UNK* character . STOP 
*CUNKLY* enough , he lives in a *UNKLY* *UNKED* converted church , *UNKS* designer clothes and drives an *UNK* car . STOP 
But apparently to make him *UNK* , even *UNK* , to the *UNKS* , the *UNK* *UNKS* *UNKED* Max into an *UNK* *UNKS* , master of 11 Chinese *UNKS* . STOP 
He takes his *UNK* to the *UNK* , where he *UNKS* a *UNK* French *UNK* who *UNKS* him into providing a home for her *UNK* *UNK* and then promptly *UNKS* his car and *UNKS* it in *CUNK* . STOP 
In producing and promoting `` Capital City , '' *CUNKS* has spent about as much as *CUNK* *CUNK* *UNKS* on a good day . STOP 
The production costs are a not *UNK* # 8 million -LRB- $ *UNKN* million -RRB- , and would have been much higher had not the cost of the trading floor set been *UNKED* in the budget of `` Dealers , '' an earlier *UNK-* movie . STOP 
Another half million *UNK* went for a *UNK* of *UNK-* *UNKS* in six major British newspapers and for huge *UNKS* in the London *UNK* . STOP 
These expenses create a special incentive for `` Capital City 's '' producers to *UNK* it , or a *CUNKED* version of it , in America . STOP 
*CUNKS* 's U.S. marketing agent , Donald *CUNKER* , is preparing to do just that . STOP 
He is *UNKLY* *UNK* , citing three U.S. comedy series -- `` Three 's Company , '' `` *CUNK* *CUNK* for *CUNK* '' and `` *CUNK* It Out '' -- that had British *UNKS* . STOP 
Perhaps without *UNKING* it , Mr. *CUNKER* simultaneously has put his *UNKER* on the problem and an ideal solution : `` Capital City '' should have been a comedy , a *UNK* *UNK* to the *UNK* British `` *CUNK* On '' movies of the 1960s . STOP 
The seeds already are in the *UNK* . STOP 
The first episode concluded with a *UNKLY* *UNK* scene in which the *UNK-* *UNK* *UNKED* a baby , the casualty of a broken marriage at the firm . STOP 
And many in the young cast bear striking *UNKS* to American TV and movie *UNKS* known for light *UNKS* . STOP 
*CUNK* *CUNK* looks like a young *CUNK* *CUNK* *CUNK* ; William Armstrong , who plays Max , could pass for *CUNKS* *CUNK* , and Douglas *CUNK* -LRB- *CUNK* -RRB- for James *CUNK* ; *CUNK* *CUNK* is a *UNK* *CUNK* *CUNK* and *CUNK* *CUNKLY* could easily double for *CUNK* Hall , the *UNKED* *UNK* of the *CUNK* *CUNKS* *UNKS* . STOP 
So , OK kids , everybody on stage for `` *CUNK* On Trading '' : The cast is *UNKLY* *UNKING* the office for *UNKED* Japanese bonds that suddenly have soared in value because *CUNK-* *CUNK* Bank has just bought the White House . STOP 
The pressure is too much for *CUNK* *CUNK* , who *UNKS* a security guard . STOP 
He *UNKS* into a desktop computer terminal , which *UNKS* , covering *CUNK* Hall 's face with *UNKS* . STOP 
And all the while , the bonds are in the baby 's *UNKER* . STOP 
It should run forever . STOP 
Mr. *CUNK* is senior *UNK* in the Journal 's London bureau . STOP 
*CUNK-* *CUNKS* of France gave details of its financing plans for its proposed $ 4.5 billion acquisition of Farmers Group Inc. , in amended filings with insurance regulators in the nine U.S. states where Farmers operates . STOP 
The proposed acquisition is part of Sir James Goldsmith 's *UNKLY* takeover attempt for B.A.T Industries PLC , the British tobacco , retailing , paper and financial services concern that is parent of Los Angeles-based Farmers . STOP 
In an attempt to *UNK* U.S. regulators ' concern over a Goldsmith acquisition of Farmers , Sir James in August agreed to sell Farmers to *CUNK* if he is successful in acquiring B.A.T . STOP 
As part of the agreement , *CUNK* agreed to invest $ 1 billion in *CUNK* Investments Ltd. , Sir James 's acquisition vehicle . STOP 
Of the total $ 5.5 billion to be paid to *CUNK* by *CUNK* , about $ 1 billion will come from available resources of *CUNK* 's parent , *CUNK-* Group , $ 2.25 billion will be in the form of notes issued by *CUNK* , and the remaining $ 2.25 billion will be in long-term bank loans . STOP 
In an interview Thursday , *CUNK* *CUNK* , chairman and chief executive officer of *CUNK* , said his group has already obtained *UNKS* from a group of banks led by Cie . Financiere de Paribas that they can provide the loan portion of the financing . STOP 
The other banking companies in the group are Credit *CUNKS* , Societe Generale , BankAmerica Corp. and Citicorp , he said . STOP 
Mr. *CUNK* said *CUNK-* Group has `` more than $ 2.5 billion of *UNK-* assets that we can and will sell '' to help pay off debt from the acquisition . STOP 
He said the assets to be sold would be `` *UNK-* '' assets , including a beer company and a real estate firm , and would n't include any pieces of Farmers . STOP 
`` We wo n't put any burden on Farmers , '' he said . STOP 
The amended filings also point out that under a new agreement , *CUNK* has an *UNK* obligation to sell Farmers to *CUNK* upon an acquisition of B.A.T . STOP 
`` We hope that with what we did , the regulators will not need to evaluate *CUNK* , and they can directly look at the agreement with us , because *CUNK* wo n't be an owner of Farmers at *UNK* , '' Mr. *CUNK* said . STOP 
Any change of control in Farmers needs approval of the insurance *UNKS* in the nine states where Farmers and its related companies are *UNKED* . STOP 
The amended filings were required because of the new agreement between *CUNK* and *CUNK* , and to reflect the extension that Sir James received last month under British takeover rules to complete his proposed acquisition . STOP 
*CUNK* dropped its initial # *UNKN* billion -LRB- $ *UNKN* billion -RRB- takeover bid after it received the extension , but said it would launch a new bid if and when the *UNKED* sale of Farmers to *CUNK* receives regulatory approval . STOP 
A spokesman for B.A.T said of the amended filings that , `` It would appear that nothing *UNK* has changed . STOP 
The new financing structure is still a *UNKLY* leveraged one , and *CUNK* still plans to take out 75 % of Farmers ' earnings as dividends to service their debt . '' STOP 
That dividend is almost double the 35 % currently taken out of Farmers by B.A.T , the spokesman added . STOP 
`` It would have severe implications for Farmers ' policy holders . '' STOP 
To fend off Sir James 's advances , B.A.T has proposed a sweeping restructuring that would *UNK* it to a tobacco and financial services concern . STOP 
*CUNKAL* sales at General Motors Corp. *UNKED* the U.S. car and truck market down below year-ago levels in early October , the first sales period of the 1990 model year . STOP 
The eight major domestic auto makers sold *UNKN* North *CUNK-* cars in the first 10 days of October , a *UNKN* % drop from a year earlier . STOP 
*CUNKLY* built truck sales were down 10.4 % to *UNKN* *UNKS* , *UNKS* and sport utility vehicles . STOP 
The heavy use of incentives to clear out 1989 models appears to have taken the steam , at least initially , out of 1990 model sales , which began officially Oct. 1 . STOP 
This appears particularly true at GM , which had strong sales in August and September but saw its early October car and truck results fall *UNKN* % from last year 's unusually high level . STOP 
Overall , sales of all *UNK-* vehicles fell *UNKN* % from a year ago . STOP 
Without GM , overall sales for the other U.S. *UNKS* were roughly flat with 1989 results . STOP 
Some of the U.S. auto makers have already adopted incentives on many 1990 models , but they may have to *UNK* their programs to keep sales up . STOP 
`` We 've created a condition where , without incentives , it 's a tough market , '' said Tom *CUNKLY* , sales manager for Bill *CUNK* Chevrolet in *CUNK* , *CUNK* . STOP 
Car sales fell to a seasonally adjusted annual selling rate of 5.8 million vehicles , the lowest since October 1987 . STOP 
The poor performance *UNKS* with a robust selling rate of almost eight million last month . STOP 
*CUNK* , dealers *UNKED* late last week said they could n't see any immediate impact on sales of Friday 's steep market decline . STOP 
GM 's domestic car sales dropped *UNKN* % and its domestic trucks were down an even *UNKER* *UNKN* % from the same period a year ago . STOP 
All of the GM divisions except *CUNK* showed big declines . STOP 
*CUNK* posted a *UNKN* % increase despite new competition from Lexus , the *UNKING* luxury-car division of Toyota Motor Corp . STOP 
Lexus sales were n't available ; the cars are imported and Toyota reports their sales only at *UNK-* . STOP 
The sales drop for the No. 1 car maker may have been caused in part by the end in September of dealer incentives that GM offered in addition to consumer *UNKS* and *UNKEST* financing , a company spokesman said . STOP 
Last year , GM had a different program in place that continued *UNKING* dealers until all the 1989 models had been sold . STOP 
Aside from GM , other car makers posted generally mixed results . STOP 
Ford Motor Co. had a 1.8 % drop in domestic car sales but a 2.4 % increase in domestic truck sales . STOP 
Chrysler Corp. had a 7.5 % drop in car sales , *UNKING* its generally slow performance all year . STOP 
However , sales of trucks , including the company 's popular *UNKS* , rose 4.3 % . STOP 
Honda Motor Co. 's sales of *UNKLY* built vehicles plunged *UNKN* % from a year earlier . STOP 
Honda 's plant in *CUNK* , Ohio , was *UNKING* up to build 1990 model *CUNKS* , a Honda spokesman said . STOP 
`` We 're really confident everything will *UNK* back to normal , '' he added . STOP 
Separately , Chrysler said firm prices on its *UNK-* domestic cars and *UNKS* will rise an average of 5 % over *UNKLY* *UNKED* 1989 models . STOP 
*CUNK* prices were generally in line with the tentative prices announced earlier this fall . STOP 
At that time , Chrysler said base prices , which are n't adjusted for equipment changes , would rise between 4 % and 9 % on most vehicle . STOP 
a - *CUNKS* include only vehicle sales reported in period . STOP 
*UNK* - *CUNK* car STOP 
*UNK* - *CUNK* change is greater than *UNKN* % . STOP 
*UNK* - There were 8 selling days in the most recent period and 8 a year earlier . STOP 
*CUNK* differences based on daily sales rate rather than sales volume . STOP 
Antonio L. *CUNK* , 66 years old , was named president and chief executive officer of the Atlantic Research Corp. subsidiary . STOP 
Mr. *CUNK* had been a consultant to the subsidiary 's *UNKION* operations . STOP 
Mr. *CUNK* succeeds William H. *CUNK* , who resigned to pursue personal interests . STOP 
*CUNK* makes and repairs jet engines . STOP 
It also has interests in military electronics and *UNKS* , *UNK* transportation and machinery used to make food and *UNK* *UNKS* . STOP 
It was n't so long ago that a radio network funded by the U.S. Congress -- and originally by the Central Intelligence Agency -- was accused by officials here of *UNKING* *UNKS* , *UNKS* and *UNKS* . STOP 
Now , the network has opened a news bureau in the *CUNK* capital . STOP 
*CUNKS* held an open house to *UNK* and even *UNK* out a sign : `` *CUNK* *CUNK* Radio '' -- Radio Free Europe . STOP 
`` I think this is a victory for the radio , '' says *CUNKS* de *CUNK* , a *UNK-* former *CUNK* *UNK* who works in the *CUNK* , West Germany , headquarters as deputy director of the *CUNK* service . STOP 
In fact , the network hopes to set up offices in Warsaw and anywhere else in the East *CUNK* that will have it . STOP 
But the rapid changes brought on by glasnost and open *UNKS* are *UNKING* the network 's life in more ways than one . STOP 
In fact , Radio Free Europe is in danger of suffering from its success . STOP 
While the network currently can operate freely in *CUNKEST* , so can others . STOP 
In addition , competition for *UNKS* is getting tougher in many ways than when broadcasting here was *UNKLY* controlled . STOP 
Instead of being *UNKED* as an *UNK* agent of *UNK* , Radio Free Europe is more likely to draw the criticism that its programs are too *UNK* , even *UNKING* . STOP 
`` They have a lot to do these days to compete with *CUNK* radio , '' says Andrew *CUNK* , a *UNK-* student at the *CUNKAL* University in *CUNKEST* . STOP 
`` The *CUNK* -LCB- radio -RCB- reporters seem better informed and more critical about about what 's going on here . '' STOP 
Indeed , Hungary is in the midst of a media *UNKION* . STOP 
*CUNKS* on busy street *UNKS* *UNK* newspapers of every political *UNK* . STOP 
*CUNKS* are *UNKED* with a *UNK* array of magazines . STOP 
Radio and television are getting *UNKER* and *UNKER* . STOP 
The British Broadcasting Corp. and the U.S. State Department 's *CUNK* of America broadcast over *CUNK* *UNKS* , though only a few hours a day each in *CUNK* . STOP 
Australian press *UNK* *CUNK* *CUNK* has bought 50 % stakes in two popular and *UNK* *CUNK* newspapers , while Britain 's Robert Maxwell has let it be known here that he is thinking about similar moves . STOP 
But Radio Free Europe does n't plan to *UNK* away . STOP 
With its mission for free speech and the *UNK* way , the network 's staff says it still has plenty to do -- in Hungary and in the `` Great Eastern Beyond . '' STOP 
Radio Free Europe and its sister station for the Soviet Union , Radio *CUNK* , say they wo n't cut back their more than 19 hours of daily *UNKS* . STOP 
They are still an important source of news for 60 million *UNKS* in 23 *UNK* *UNKS* : from *CUNK* and *CUNK* to *CUNK* and *CUNK* . STOP 
The establishment of its first bureau in Warsaw *CUNK* territory shows the *UNK* of some of the changes in Eastern Europe . STOP 
*CUNKS* before the decision by the *CUNK* Communist Party to *UNK* itself Socialist and try to look more *UNKING* to voters , the country 's *UNKS* were trying to look more *UNK* . STOP 
It proved a perfect time for Radio Free Europe to ask for permission to set up office . STOP 
Not only did the *CUNK* Ministry of Foreign Affairs approve Radio Free Europe 's new location , but the Ministry of Telecommunications did something even more *UNKING* : `` They found us four phone lines in central *CUNKEST* , '' says *CUNK* *CUNKS* , a Radio Free Europe *UNK* who helped *UNK* the *CUNKEST* location . STOP 
`` That is a *UNK* . '' STOP 
It 's a far *UNK* from the previous treatment of the network , which had to overcome *UNKING* of its *UNKS* and *UNKION* of local *UNKS* -LRB- who filed reports to the network by phone , secret *UNKS* or letters -RRB- . STOP 
In fact , some of the network 's *CUNK* *UNKS* say they *UNK* Radio Free Europe loyalty because it was responsible in many ways for keeping hope alive through what one writer here calls the `` *CUNK* *CUNKS* of the *UNK* *CUNK* . '' STOP 
`` During the past four years , many of us have sat up until late at night listening to our *UNKS* , '' says the writer . STOP 
`` There were some very *UNK* *UNKS* . '' STOP 
The *UNKS* , too , had to be *UNK* . STOP 
Through much of the *UNK-* War II period , listening to Western *UNKS* was a crime in Hungary . STOP 
`` When we listen to the Europe station , my mother still gets nervous , '' says a *CUNKEST* *UNK* . STOP 
`` She wants to turn down the volume and close the *UNKS* . '' STOP 
Now , the *UNKEST* competition for Radio Free Europe comes during the *UNK-* *UNK* . STOP 
*CUNK* radio often *UNKS* its most politically *UNK* *UNKS* for around midnight . STOP 
Television , which most of the time is considered rather *UNK* , has entered the running with a new program , `` The *CUNK* of the Day , '' which comes on after 11 *UNK* . STOP 
It is a talk show with opposition leaders and political experts who discuss Hungary 's domestic problems as well as foreign affairs . STOP 
Those who want to hear even more radical views have to get up at five on Sunday morning for `` Sunday Journal , '' on *CUNK* Radio . STOP 
The competitive spirit is clearly *UNKING* Radio Free Europe , which is trying to beef up programs . STOP 
The *CUNKEST* office plans to hire *UNK-* reporters to cover the latest *UNKS* in *CUNK* country *UNKS* from *CUNK* in the *UNKEST* to *CUNK* in the *UNK* . STOP 
The *CUNK* service has a daily *UNK-* news show called *CUNK* , with international and domestic news , plus a daily news review of opinions from around the world . STOP 
There 's also a host of new programs , trying to *UNK* up on the traditional *UNK* of politics . STOP 
A daily *UNK-* program called `` The March of Time '' tries to find interesting *UNKS* of *UNKED* news and *UNK* from around the world . STOP 
There 's a program for women and a science show . STOP 
And to attract younger *UNKS* , Radio Free Europe *UNKS* the latest in Western rock groups . STOP 
The *CUNK* *CUNK* *CUNKS* are big this year in *CUNKEST* . STOP 
`` We are *UNKING* for all the news , '' says Mr. *CUNK* , the student . STOP 
`` Every moment we want to know everything about the world . STOP 
*CUNKS* for *UNKED* `` national service , '' like *UNK* , *UNK* up from time to time , *UNKS* the resistance of the body *UNK* , run their course , and seem to *UNK* , only to *UNK* and *UNK* public life *UNK* . STOP 
The disease *UNK* comes to mind , of course , not as an *UNKION* on the advocates of national service . STOP 
Rather , it is born of frustration with having to combat constantly changing *UNKS* of a *UNK* idea that one thought had been eliminated in the early 1970s , along with *UNK* . STOP 
It is back with us again , in the form of legislation to pay *UNKS* under a `` National and Community Service Act , '' a proposal with a serious shot at congressional passage this fall . STOP 
Why does the *UNK-* virus keep coming back ? STOP 
Perhaps it is because *UNK* *UNK* *UNKS* both military experience and the social *UNK* . STOP 
If only we could get America 's *UNK* youth into at least a *UNK* uniform we might be able to *UNK* *UNK-* again and revive the spirit of giving . STOP 
A quarter of a century ago national service was *UNKED* as a way of *UNKING* the *UNKEST* *UNKS* of the *UNK* -- by , of all things , expanding the *UNK* . STOP 
Those of us who resisted the idea then suspect today that an obligation of government service for all young people is still the true long-term aim of many *UNK-* *UNKS* , despite their protests that present plans contain no *UNKION* . STOP 
*CUNK* of the *UNKER* military in the 1970s seemed to *UNK* national service as much as the *UNK* . STOP 
But the virus was kept alive in *UNK* departments until a couple of years ago , when it again was let loose . STOP 
This time it attempted to *UNK* two connected problems , the rising cost of higher education and the rising expense to the federal government of educational grants and loans . STOP 
Why not keep and even expand the loans and grants , the advocates *UNKED* , but require some form of service from each *UNK* ? STOP 
*CUNK* service , *UNKER* , could be a *UNK-* option . STOP 
Thus , *UNKLY* it was hoped that the new strain of national service would prove *OUS* , *UNKING* *UNK* conservatives , *UNK-* *UNKS* , and *UNK* *UNKS* . STOP 
The Democratic *CUNK* Council , a *UNK* group *UNKING* the plan , surely thought it might help the party to attract support , especially among college students and their parents . STOP 
A provision allowing grants to be applied to *UNK-* purchases was added to appeal to those who had had enough of *UNKING* . STOP 
The *CUNK* plan *UNKED* `` *UNKS* '' *UNKING* trees , *UNKING* *UNKS* , *UNKING* children , and *UNKING* *UNKS* for $ 100 a week , tax free , plus medical care . STOP 
With a tax-free $ 10,000 *UNKER* payment at the end of each year , the *UNKS* would be making a wage comparable to $ *UNKN* a year . STOP 
*CUNK* you , most of `` the *UNKS* '' would be *UNKED* 17 - to *UNKS* , some not even high school *UNKS* , and many saving money by living at home . STOP 
They would be doing better financially under national service than many taxpayers working at the same kinds of jobs and perhaps supporting families . STOP 
As it happened , political resistance developed among educational and minority interests that count on the present education grant system , so the *UNK-* *UNKS* decided to abandon the *UNKLY* crucial principle of `` give in order to get . '' STOP 
*CUNKION* to national service from the Pentagon , which wants to protect its own *UNK* process , also led to the *UNK-* option being dropped . STOP 
Clearly , a new *UNK* for national service had to be *UNKED* up . STOP 
What better place to turn than Sen. Edward Kennedy 's Labor Committee , that great *UNK* of government *UNK* , where many a *UNK* *UNK* of *UNK* is kept on the back *UNKER* until it can be brought forward and presented as *UNK* *UNK* ? STOP 
In this case , the new *UNK* for national service called for throwing many *UNKED* legislative *UNKS* into one *UNK* : a *UNKION* project for educational aid -LRB- particularly *UNKING* to the *CUNK* and Sen. Sam *CUNK* -RRB- , a similar *UNKION* program for youth *UNKION* -LRB- a la Sen. *CUNKS* *CUNK* -RRB- , a competitive grants program to states to spark youth and senior *UNK* *UNKER* projects -LRB- a Kennedy specialty -RRB- , a community service *UNK-* program for students -LRB- *UNKING* to the *UNK* of Sen. *CUNK* *CUNKS* , among others -RRB- , plus *UNK* of the *CUNK* *UNKER* program and the *CUNKED* *CUNK* *CUNKER* , Foster *CUNK* , and *CUNK* *CUNKION* programs . STOP 
Before the *UNK* is *UNKED* , the House may add more *UNKS* , also changing the initial price , now posted at some $ *UNKN* million . STOP 
It is widely known that `` too many *UNKS* *UNK* the *UNK* , '' but that wisdom does not necessarily reflect the view of the *UNKS* , especially if they are senators . STOP 
The `` *UNKS* '' bill coming out of Congress may be *UNUNK* *UNK* , but the *UNKED* *UNKS* are happy and the restaurant is pushing the *UNK* very hard . STOP 
The *UNK* of *UNK* is in the air . STOP 
Is the *UNK* sector so weak that it needs such *UNKED* assistance ? STOP 
On the contrary , it is as robust as ever . STOP 
According to the *CUNK* *CUNK* , American adults contribute an average of two hours a week of service , while financial contributions to charity in the 1980s have risen 30 % -LRB- adjusted for inflation -RRB- . STOP 
Even if government does see various `` *UNUNK* needs , '' national service is not the way to meet them . STOP 
If we want to support students , we might adopt the idea used in other countries of offering more *UNKS* based on something called `` *UNK* , '' rather than on the government 's idea of `` service . '' STOP 
Or we might provide a tax credit for working students . STOP 
What we do not need to do is start a war , and then try to justify it by creating a *CUNK* Bill . STOP 
To the extent we lack *UNKER* to staff *UNKAL* jobs in hospitals , for example , we should raise pay , pursue *UNKING* technology , or allow more legal *UNKION* , rather than *UNK* high school *UNKS* as short-term workers and cause *UNK* among permanent workers paid *UNKER* amounts to do the same jobs . STOP 
Will national service , in the current highly *UNKED* and *UNK* form *UNK* enough appeal to get adopted ? STOP 
Not necessarily . STOP 
*CUNKS* show wide , *UNKED* support for some *UNK* concept of service , but the bill now under discussion lacks any *UNK* public backing . STOP 
Nonetheless , Senate Democrats are *UNKING* a roll of supporting `` associations , '' `` *UNKS* '' and `` *UNKS* , '' some of which may hope to receive the paid `` *UNKS* . '' STOP 
So far , the president seems *UNKED* to substitute any of the *UNKS* for his own *UNKING* proposal to *UNK* a `` *CUNKS* of *CUNK* '' foundation with $ 25 million to *UNK* citizens of all *UNKS* and *UNK* them to genuine *UNK* . STOP 
However , even this *UNK* plan could become *UNK* if the White House gives in to congressional Democratic pressure to add to the *UNK* of the president 's initiative or to involve the independent foundation in `` *UNKING* '' federal funds for *UNKER* projects . STOP 
There 's no need for such concessions . STOP 
The *UNKS* can be defeated , the virus controlled , and real service protected . STOP 
National service , the *UNK* idea , still wo n't go away then , of course , but the millions of *UNKED* youth performing works of `` *UNK* content '' will be *UNKED* only in the *UNKION* of their *UNKS* . STOP 
Mr. *CUNK* is a fellow at the *CUNKED* Hudson Institute . STOP 
This article is *UNKED* from remarks at a *CUNKER* *CUNKION* conference on national service , in which Mr. *CUNK* also *UNKED* . STOP 
Drug *CUNK* Inc. said Gary *CUNKER* , 39 years old , who had been president and chief operating officer for the past year , was named chief executive officer of this *UNK* chain . STOP 
He succeeds his father , Philip T. *CUNKER* , who founded the company and remains chairman . STOP 
Robert E. *CUNKS* III , 39 , who headed the company 's Philadelphia region , was appointed president and chief operating officer , succeeding Gary *CUNKER* . STOP 
American *CUNKS* Service Group Inc. said it purchased about 42 % of Prime Medical Services Inc. for about $ 5 million from Texas American Energy Corp . STOP 
American *CUNKS* said it also replaced four Texas American representatives on Prime 's *UNKER* board . STOP 
American provides a variety of financial services to doctors and hospitals . STOP 
Prime , based in *CUNKER* , N.J. , provides management services to *UNK* *UNKION* *UNKS* and *UNK* *UNKING* centers . STOP 
For the year ended June 30 , Prime had a net loss of $ 3 million on sales of $ 13.8 million . STOP 
The inflation-adjusted growth rate for France 's gross domestic product for the second quarter was revised upward to *UNKN* % from the previous three months from the initial estimate of 0.7 % , the National Statistics Institute said . STOP 
The state agency said the latest *UNKION* left the growth rate for the *UNKER* compared with the previous three months unchanged at 1.3 % . STOP 
If the economy continues to expand by *UNKN* % a quarter for the rest of the year , it would leave *CUNK* growth for all of 1989 at 3 % , the institute said . STOP 
That would be down from the 3.8 % rise posted in 1988 . STOP 
The Canadian government announced a new , 12-year Canada Savings Bond issue that will yield investors 10.5 % in the first year . STOP 
The annual interest rate for each of the next 11 years will be set each fall , when details of a new series are released . STOP 
Canada Savings Bonds are major government instruments for meeting its financial requirements . STOP 
The government has about *UNKN* billion Canadian dollars -LRB- US$ *UNKN* billion -RRB- of such bonds currently outstanding . STOP 
Only Canadian residents are permitted to buy Canada Savings Bonds , which may be *UNKED* any time at face value . STOP 
The bonds go on sale Oct. 19 . STOP 
The debate over National Service has begun again . STOP 
After a decade in which more than 50 *UNKS* established their own service or *UNKION* *UNKS* and dozens of school systems made community service a *UNK* to *UNK-* *UNKION* , the focus has *UNKED* to Washington . STOP 
At least 10 bills proposing one or another national program were introduced in Congress this spring . STOP 
One , *UNKED* by Sen. Sam *CUNK* -LRB- D. , *CUNK* . -RRB- and Rep. Dave *CUNK* -LRB- D. , *CUNK* -RRB- , would have restricted federal college subsidies to students who had served . STOP 
An *UNKS* bill assembled by Sen. Edward Kennedy -LRB- D. , Mass. -RRB- , and including some diluted *CUNK-* provisions along with proposals by fellow Democratic *CUNK* *CUNK* *CUNK* , Barbara *CUNK* and Christopher *CUNK* , has been reported out of the Senate Labor Committee . STOP 
It might well win Senate passage . STOP 
President Bush has *UNKED* his own *CUNK* *CUNKING* Service -LRB- *CUNK* -RRB- plan , though its details remain to be specified . STOP 
What is one to think of all this ? STOP 
*CUNK* and special interests *UNK* some responses . STOP 
People eager to have youth `` pay their *UNKS* to society '' favor service proposals -- *UNKLY* mandatory ones . STOP 
So do those who seek a `` *UNKED* concept of *UNK* , '' a concept imposing *UNK* obligations as well as *UNKING* rights . STOP 
Then there are *UNK* opponents . STOP 
To *UNKS* , mandatory service is an *UNKION* and *UNK* systems are *UNK* uses of tax money . STOP 
*CUNKS* of the market question the value of the work national service would perform : STOP 
If the market wo n't pay for it , they argue , it ca n't be worth its cost . STOP 
*CUNKS* of the left are also *UNKLY* opposed ; they see service as a cover for the *UNK* , or fear the *UNKION* of youth , or want to see rights *UNKED* , not obligations . STOP 
But what about those of us whose views are not *UNKED* by formula or *UNK* ? STOP 
How should we think about national service ? STOP 
Let 's begin by *UNKING* a main source of confusion -- `` national service '' has no agreed meaning . STOP 
*CUNK* service be *UNK* or *UNK* ? STOP 
Short or long ? STOP 
*CUNK-* or *UNK-* ? STOP 
*CUNK* or *UNUNK* ? STOP 
*CUNK* participants live at home and work nearby or live in *UNKS* and work on public *UNKS* ? STOP 
What kinds of work would they do ? STOP 
What does `` national '' mean ? STOP 
*CUNK* the program be run by the federal government , by local governments , or by private *UNK* organizations ? STOP 
And who would serve ? STOP 
Only *UNKS* , as with the *UNK* , or both *UNKS* ? STOP 
*CUNK* only or all *UNKS* ? STOP 
*CUNKS* people , or poor people , or a genuine *UNKION* ? STOP 
Many or few ? STOP 
Those are not *UNKAL* questions , and the label `` national service '' answers none of them . STOP 
Then how should we think about national service ? STOP 
As a starting point , here are five *UNKS* : 1 . Consider the *UNKS* , not the name . STOP 
*CUNK* `` national service '' in the *UNK* ; consider specific proposals . STOP 
They will *UNKER* in crucial ways . STOP 
2 . `` Service '' should be service . STOP 
As *UNKLY* understood , service implies *UNK* . STOP 
It involves accepting risk , or giving up income , or *UNKING* a career . STOP 
It follows that proposals like *CUNK-* , whose benefits to *UNKS* are worth some $ *UNKN* a year , do not qualify . STOP 
There is a *UNK* for such bills : Federal subsidies to college students amount to `` a *CUNK* Bill without the *CUNK* '' ; *UNKLY* those benefits should be earned , not given . STOP 
But the earnings exceed by 20 % the average income of young *UNK-* *UNKS* with *UNK-* jobs . STOP 
Why call that service ? STOP 
3 . *CUNK* is fine ; *UNKION* is not . STOP 
*CUNKED* service is *UNUNK* . STOP 
It is also *UNUNK* and *UNUNK* . STOP 
-LRB- Who will throw several hundred thousand *UNKS* in jail each year ? -RRB- STOP 
But through tax policy and in other ways the federal government *UNKS* many kinds of behavior . STOP 
It should also encourage service -- *UNKLY* by all classes and all *UNKS* . STOP 
Its *UNK* should strengthen and not *UNUNK* the strong tradition of *UNKING* in the U.S. , should build on the service programs already in existence , and should honor local *UNKS* about which tasks most need doing . STOP 
4 . *CUNK* programs are not cheap . STOP 
*CUNKS* assume that national service would get important work done *UNKLY* : forest *UNKS* fought , housing *UNKED* , students *UNKED* , *UNK-* centers *UNKED* . STOP 
There is important work to be done , and existing service and *UNKION* *UNKS* have shown that even *UNKS* who start with few skills can do much of it well -- but not *UNKLY* . STOP 
*CUNK* service programs require *UNK* , *UNKING* , training and *UNKION* -- all of high quality . STOP 
They involve *UNKS* to participants . STOP 
*CUNK-* residential programs also require housing and *UNK-* *UNKION* ; they are particularly expensive -- more per *UNK* than a year at *CUNK* or Yale . STOP 
*CUNKAL* programs are cheaper , but good ones still come to some $ 10,000 a year . STOP 
Are they worth that ? STOP 
*CUNKS* suggest that good ones are -- especially so if the effects on participants are counted . STOP 
But the calculations are *UNK* . STOP 
5 . *CUNKS* youth are a special concern . STOP 
Are such expenditures *UNK* , then ? STOP 
*CUNK* , if targeted . STOP 
People of all *UNKS* and all classes should be encouraged to serve , but there are many ways for *UNKS* kids , and their *UNKS* , to serve at little public cost . STOP 
They can *UNKER* at any of thousands of *UNK-* institutions , or participate in service programs required by high schools or encouraged by *UNKS* or employers . STOP 
*CUNKS* youth do n't have those opportunities . STOP 
They are not *UNKED* in high school or college . STOP 
They are unlikely to be employed . STOP 
And they have grown up in *UNKLY* *UNK* circumstances , among family structures breaking down , *UNKED* by *UNK-* *UNKS* and bleak prospects . STOP 
But many of them can be quite *UNKLY* *UNKED* by *UNK* and *UNKED* service . STOP 
Some wo n't accept the discipline ; others drop out for other reasons . STOP 
But some whom nothing else is reaching are *UNKED* . STOP 
*CUNKING* skills , producing something *UNKLY* , feeling useful , they are no longer dependent -- others now depend on them . STOP 
Even if it is cheaper to build *UNKS* or *UNK* apartments or plant *UNKS* with paid professionals , the effects on the young people providing those services alter the *UNKION* . STOP 
*CUNKLY* *UNKING* , these youth are not performing service . STOP 
They are giving up no income , *UNKING* no *UNKS* , *UNKING* no risk . STOP 
But they believe themselves to be serving , and they begin to respect themselves -LRB- and others -RRB- , to take control of their lives , to think of the future . STOP 
That is a service to the nation . STOP 
It is what federal support should try hardest to achieve . STOP 
Mr. *CUNK* , a Carter administration budget official , heads his own *CUNKED* strategic planning firm . STOP 
He is a *UNK-* of `` National Service : What *CUNK* It *CUNK* ? '' STOP 
-LRB- Lexington *CUNKS* , 1986 -RRB- . STOP 
Government officials here and in other countries laid plans through the weekend to head off a Monday market *UNK* -- but went out of their way to keep their moves quiet . STOP 
Federal Reserve Chairman Alan Greenspan was on the *UNKS* , making it clear to officials in the U.S. and abroad that the Fed was prepared to *UNK* massive amounts of money into the banking system , as it did in October 1987 , if the action were needed to prevent a financial crisis . STOP 
And at the Treasury , Secretary Nicholas Brady talked with friends and associates on Wall Street while *CUNK* Secretary David *CUNKS* carefully *UNKED* data on the Friday market plunge . STOP 
But the officials feared that any public announcements would only increase market *UNKS* . STOP 
In addition , officials at the Fed and in the Bush administration decided that *UNKING* *UNK* actions and statements over the weekend would give them more strength and flexibility should Friday 's market drop turn into this morning 's *UNK* . STOP 
`` The *UNK* at this point is that anything you do that looks like you are doing too much tends to reinforce a sense of crisis , '' said one government official , insisting on *UNK* . STOP 
The Fed 's efforts at *UNK* were partly *UNKED* Sunday morning , when both the New York Times and the Washington *CUNK* carried stories *UNKING* a senior Fed official saying the central bank was prepared to *UNK* cash into the banking system Monday morning . STOP 
Fed Chairman Greenspan was surprised by both stories , according to *UNK* sources , and insisted he had n't authorized any public comment . STOP 
Nevertheless , Fed officials acknowledged the stories were reasonably *UNK* *UNKS* of the central bank 's game plan . STOP 
It is prepared to assume the same role it played in October 1987 , providing money to the markets if necessary to keep the financial system *UNK* . STOP 
The Fed provides money to the banking system by buying government securities from financial institutions . STOP 
The *UNK* of federal officials was evident in the appearance Sunday of Budget Director Richard Darman on ABC 's `` This *CUNK* . '' STOP 
`` Secretary of the Treasury Brady and Chairman Greenspan and the chairman of the SEC and others have been in close contact . STOP 
I 'm sure they 'll do what 's right , what 's *UNK* , what 's *UNK* , '' he said . STOP 
When it was suggested his comment was a `` *UNKER* , '' Mr. Darman *UNKED* : `` It is a *UNKER* . STOP 
But , in this context , that 's the smart thing to do . '' STOP 
At the Treasury , Secretary Brady issued a statement *UNKING* the stock market 's drop . STOP 
`` Today 's stock market decline does n't signal any fundamental change in the condition of the economy , '' he said . STOP 
`` The economy remains *UNKED* , and the outlook is for continued moderate growth . '' STOP 
But administration officials conceded that Friday 's drop carried the chance of further declines this week . STOP 
`` One possibility is that this is a *UNKAL* setback , reasonably limited in its *UNK* , and not a major problem , '' said one senior administration official , who also asked that he not be named . STOP 
`` The other is that we see another major disaster , like two years ago . STOP 
I think that 's less likely . '' STOP 
Nevertheless , Fed Chairman Greenspan and Vice Chairman Manuel Johnson were in their offices Sunday evening , monitoring events as they *UNKED* in markets around the world . STOP 
The action was expected to begin with the opening of the New Zealand foreign exchange markets at 5 p.m. EST -- when stocks there plunged -- and to continue as the trading day began later in the evening in Tokyo and through early this morning in Europe . STOP 
Both the Treasury and the Fed planned to keep market rooms operating throughout the night to monitor the developments . STOP 
In Tokyo , share prices dropped sharply by 1.7 % in early Monday morning trading . STOP 
After the initial slide , the market appeared to be turning around but by early afternoon was headed lower . STOP 
In the Bush administration , the lead is being taken by Treasury Secretary Brady , *CUNK* Robert *CUNKER* and *CUNK* Secretary *CUNKS* . STOP 
The three men worked together on the so-called Brady Commission , headed by Mr. Brady , which was established after the 1987 crash to examine the market 's collapse . STOP 
As a result they have extensive knowledge in financial markets , and financial market *UNKS* . STOP 
Mr. Brady was at the White House Friday afternoon when the stock market 's decline began . STOP 
He was quickly on the phone with Mr. *CUNKS* , who in turn was talking with the *UNK* of the New York and Chicago exchanges . STOP 
Later , Mr. Brady *UNKED* Mr. Greenspan , SEC Chairman Richard Breeden and numerous contacts in New York and overseas . STOP 
*CUNKS* say he continued to work the phones through the weekend . STOP 
Administration officials say President Bush was *UNKED* throughout Friday afternoon and evening , even after leaving for *CUNK* David . STOP 
He had frequent telephone *UNKS* with Mr. Brady and Michael *CUNK* , chairman of the counsel of economic advisers . STOP 
Government officials tried throughout the weekend to *UNKER* a *UNKAL* appearance in order to avoid any sense of panic . STOP 
Treasury *CUNK* David *CUNK* , for instance , was at a meeting of the Business Council in *CUNK* Springs , Va. , when the stock market fell , and remained there through the following day . STOP 
And as of last night , Fed Chairman Greenspan had n't canceled his plans to address the American Bankers Association convention in Washington at 10 a.m. this morning . STOP 
*CUNKLY* , Mr. Greenspan was scheduled to address the same convention in Dallas on Oct. 20 , 1987 . STOP 
He flew to Dallas on Oct. 19 , when the market plummeted *UNKN* points , but then turned around the next morning and returned to Washington without *UNKING* his speech . STOP 
Following is a weekly listing of *UNKED* net asset values of publicly traded investment fund shares , reported by the companies as of Friday 's close . STOP 
Also shown is the closing listed market price or a *UNKER* asked price of each fund 's shares , with the percentage of difference . STOP 
*UNK* - As of Thursday 's close . STOP 
*UNK* - *CUNKED* at Commercial *CUNK* exchange rate . STOP 
*UNK* - In Canadian dollars . STOP 
*UNK* - As of Wednesday 's close . STOP 
*UNK* - *UNKN* *CUNK* . STOP 
*UNK* - Not available . STOP 
Put down that phone . STOP 
*CUNK* around the room ; take two deep *UNKS* . STOP 
*CUNK* the urge to call your broker and sell all your stocks . STOP 
That 's the advice of most investment professionals after Friday 's 190-point drop in the Dow Jones Industrial Average . STOP 
No one can say for sure what will happen today . STOP 
And investment pros are divided on whether stocks will perform well or badly in the next six months . STOP 
But they 're nearly *OUS* on one point : Do n't sell into a panic . STOP 
Investors who sold everything after the crash of 1987 lived to *UNK* it . STOP 
Even after Friday 's plunge , the Dow Jones Industrial Average was 48 % above where it *UNKED* on Oct. 19 two years ago . STOP 
*CUNK* selling also was *UNUNK* during other big declines in the past . STOP 
The crash of *UNKN* was followed by a substantial recovery before the great *CUNKION* and awful bear market of the 1930s began . STOP 
The `` October *UNKS* '' of 1978 and 1979 were *UNK* , but did n't lead to severe or sustained *UNKS* . STOP 
Indeed , some pros see Friday 's plunge , plus any further damage that might occur early this week , as a chance for bargain *UNKING* . STOP 
`` There has been a lot of emotional selling that *UNKS* a nice buying opportunity if you 've got the cash , '' says Stephen B. *CUNKS* , chief investment officer of Chicago-based Kemper Financial Services Inc . STOP 
But most advisers think the immediate course for individual investors should be to stand *UNK* . STOP 
`` When you see a *UNK* train , '' says Steve *CUNK* , partner in the San Francisco investment advisory firm *CUNKER* & *CUNK* , `` you wait for the train to stop . '' STOP 
Even for people who expect a bear market in coming months -- and a sizable number of money managers and market *UNKS* do -- the advice is : *CUNK* for the market to *UNK* back , and sell shares gradually during rallies . STOP 
The best thing individual investors can do is `` just sit tight , '' says Marshall B. *CUNK* , executive vice president and head of investment *UNKING* at Stein *CUNK* & *CUNK* Inc. , a Chicago-based investment *UNKING* firm that manages about $ 18 billion . STOP 
On the one hand , Mr. *CUNK* says , it would be *UNKED* to sell into `` a classic panic . '' STOP 
On the other hand , it 's not necessarily a good time to jump in and buy . STOP 
`` This is all *UNKION* right now , and when *UNKION* starts to run , it can run further than anyone anticipates , '' he said . STOP 
`` So it 's more *UNK* to wait and see how things stabilize . '' STOP 
Roger *CUNK* , professor of finance at Yale University and head of the market information firm *CUNK* Associates Inc. , says , `` My real advice would be to just ride through it . STOP 
*CUNKLY* , it is n't *UNK* to be in and out '' of the stock market . STOP 
Mr. *CUNK* thinks that this week is `` going to be a *UNKER* week . '' STOP 
But he also thinks it is `` a good week to consider buying . '' STOP 
John *CUNKER* , former president of the Los Angeles *UNKER* of the National Association of Investors Corp. , an organization of investment *UNKS* and individual investors , says his fellow club members did n't sell in the crash of 1987 , and see no reason to sell now . STOP 
`` We 're *UNKED* long-term investors , not traders , '' he says . STOP 
`` We understand *UNKS* and *UNK* . STOP 
And we hope to take advantage of *UNKS* and buy stocks when they plunge . '' STOP 
One *UNK* of investment pros sees what happened Friday as an opportunity . STOP 
Over the next days and weeks , they say , investors should look for stocks to buy . STOP 
Friday 's action `` was an *UNKED* panic , '' says Alfred Goldman , director of technical market analysis for *CUNK* Edwards & Sons in St. Louis . STOP 
`` Stocks were being thrown out of windows at any price . '' STOP 
His advice : `` You ought to be there with a basket *UNKING* them . '' STOP 
James Craig , portfolio manager for the *CUNKED* *CUNKS* Fund , which has one of the industry 's better track records , started his buying during Friday 's plunge . STOP 
Stocks such as *CUNK* Foods Corp. , *CUNK-* Stores Inc. , American International Group Inc. and Federal National Mortgage Association became such *UNKS* that he could n't *UNK* them , he says . STOP 
And Mr. Craig expects to pick up more shares today . STOP 
`` It will be *UNK* at first , but I would not be buying if I thought we were headed for real trouble , '' he says . STOP 
He argues that stocks are reasonably valued now , and that interest rates are lower now than in the fall of 1987 . STOP 
Mr. *CUNK* of Stein *CUNK* suggests that any buying should `` concentrate in stocks that have lagged the market on the up side , or stocks that have been *UNK* down a lot more than the market in this correction . '' STOP 
His firm favors selected computer , drug and *UNK-* stocks . STOP 
Other investment pros are more pessimistic . STOP 
They say investors should sell stocks -- but not necessarily right away . STOP 
Many of them stress that the selling can be *UNKLY* , *UNKAL* , and done when stock prices are *UNKING* . STOP 
On Thursday , William *CUNK* , a Seattle money manager , used futures contracts in his personal account to place a bet that the broad market averages would decline . STOP 
He thinks the underlying inflation rate is around 5 % to 6 % , far higher than most people *UNK* . STOP 
In the pension accounts he manages , Mr. *CUNK* has raised cash positions and invested in gold and natural gas stocks , partly as an inflation hedge . STOP 
He thinks government officials are *UNKED* to let a recession start when government , corporate and personal debt levels are so high . STOP 
So he thinks the government will *UNK* on the side of *UNKED* inflation . STOP 
As a result , Mr. *CUNK* says , `` I think the *UNK* game 's over , '' and investors are about to face a bear market . STOP 
David M. Jones , vice president at *CUNK* G. *CUNK* & Co. , recommends Treasury securities -LRB- of up to five years ' maturity -RRB- . STOP 
He says the Oct. 6 employment report , showing slower economic growth and a severe weakening in the manufacturing sector , is a warning sign to investors . STOP 
One strategy for investors who want to stay in but hedge their *UNKS* is to buy `` put '' options , either on the individual stocks they own or on a broad market index . STOP 
A put option gives its holder the right -LRB- but not the obligation -RRB- to sell a stock -LRB- or stock index -RRB- for a specified price -LRB- the strike price -RRB- until the option expires . STOP 
Whether this insurance is *UNK* depends on the cost of an option . STOP 
The cost , or premium , tends to get fat in times of crisis . STOP 
Thus , buying puts after a big market slide can be an expensive way to hedge against risk . STOP 
The prices of puts generally did n't soar Friday . STOP 
For example , the premium as a percentage of the stock price for certain puts on Eli Lilly & Co. moved up from 3 % at Thursday 's close to only 3.3 % at Friday 's close , even though the shares dropped more than $ *UNKN* . STOP 
But *UNKION* prices may *UNK* when trading *UNKS* today . STOP 
It 's hard to *UNK* about a reasonable price for puts . STOP 
But investors should keep in mind , before paying too much , that the average annual return for stock holdings , long-term , is 9 % to 10 % a year ; a return of 15 % is considered *UNK* . STOP 
*CUNKING* , say , 10 % for insurance against losses takes a deep *UNK* out of the return . STOP 
James A. White and Tom *CUNK* contributed to this article . STOP 
*CUNK* *CUNKER* Commercial Group said it sold $ 47 million of common stock to its employees at $ 10 a share , giving them a total stake of more than 40 % in the commercial real estate brokerage firm . STOP 
The firm , which was acquired in April from Sears , Roebuck & Co. in a *UNKED* buy-out , had planned to sell up to $ *UNKN* million of stock , or a 50 % stake in the company , to its 5,000 employees . STOP 
Though the offering did n't sell out , James J. *CUNKION* , chairman and chief executive officer , said , `` We 're pretty *UNK* of the employees ' response . '' STOP 
He noted that unlike an employee stock ownership plan , where a company usually *UNKS* money from third party lenders to buy stock that it sets aside to award employees over time , here employees had to *UNK* out their own cash for the stock . STOP 
`` They came up with their own money instead of borrowed money , '' Mr. *CUNKION* said . STOP 
`` It 's totally different . '' STOP 
He said the offering was designed to create long-term incentives for employees . STOP 
`` We 're in a service business , and in that context , it 's *UNKAL* to have your employees involved in the ownership so they have a stake in the success . '' STOP 
The brokerage firm wo n't pay a dividend on the stock . STOP 
*CUNKS* have the right to trade stock among themselves , and the company will establish an internal clearing house for these transactions . STOP 
They may also eventually sell the shares to third parties , but the outside investors who own the remaining 60 % of *CUNK* *CUNKER* have the right to first *UNKAL* . STOP 
Those outside investors in *CUNK* *CUNKER* include *CUNK* Group , a closely held Washington , D.C. , merchant banking firm whose *UNK-* is Frank *CUNK* , former secretary of defense ; *CUNK* V. *CUNK* , senior adviser to *CUNK* Group ; Mellon Family Trust of Pittsburgh ; Westinghouse Credit Corp. , the financial services unit of Westinghouse Electric Corp. ; Bankers Trust Co. , a unit of Bankers Trust New York Corp. ; and a group of Japanese investors represented by the investment banking unit of *CUNKED* *CUNK* Bank . STOP 
Bankers Trust and *CUNK* financed the $ 300 million acquisition from Sears Roebuck . STOP 
*CUNK* *CUNKER* also named three outside director *UNKS* for its 17 member board . STOP 
The *UNKS* are Gary Wilson , chief financial officer of Walt Disney Co. ; James *CUNK* , chief executive officer of Great Western Financial Corp. ; and Peter *CUNK* , former commissioner of baseball and now a private investor . STOP 
The first major event this morning in U.S. stock and futures trading may be a *UNK* at the Chicago Mercantile Exchange . STOP 
Under a reform *UNKING* from the 1987 crash , trading in the Merc 's stock-index futures will break for 10 minutes if the contract opens and *UNKS* five points from Friday 's close , a move equal to 40 points on the Dow Jones Industrial Average . STOP 
The aim of the *UNKION* would be to ease the opening of the New York Stock Exchange , which would be *UNKED* by such a volatile move on the Merc . STOP 
That *UNKING* *UNKER* is just one of a number of *UNKS* adopted after the 1987 crash . STOP 
The Big Board also added computer capacity to handle huge *UNKS* in trading volume . STOP 
Several of those *UNK-* changes *UNKED* in during Friday 's *UNK-* collapse and worked as expected , even though they did n't prevent a *UNKING* plunge . STOP 
But the major `` circuit breakers '' have yet to be *UNKED* . STOP 
A deeper market plunge today could give them their first test . STOP 
A further slide also would *UNK* debate over a host of other , more sweeping changes proposed -- but not *UNKED* -- after the last crash . STOP 
Most notably , several of the regulatory steps recommended by the Brady *CUNK* Force , which *UNKED* the 1987 crash , would be revived -- especially because that group 's chairman is now the Treasury secretary . STOP 
The most controversial of the Brady recommendations involved establishing a single *UNKING* regulator to handle crucial *UNK-* questions , such as setting consistent margin requirements for the stock and futures markets . STOP 
But for the moment , attention *UNKS* on the reforms that were put into place , and market regulators and participants said the circuit breakers worked as intended . STOP 
Big Board and Merc officials expressed satisfaction with the results of two limits imposed on of the Merc 's Standard & Poor 's 500 contract , as well as `` *UNK-* '' communications among exchanges . STOP 
Those *UNKS* -- from *UNKN* p.m. to *UNKN* p.m. *CUNK* and from *UNKN* p.m. until the close of trading a half-hour later -- forced traders to buy and sell contracts at prices at or higher than their *UNK* levels . STOP 
During the first halt , after the S&P index had fallen 12 points , the Big Board 's `` *CUNK* '' computer program automatically was triggered . STOP 
That system is designed to separate *UNKED* program trades from all other trades to help exchange officials resolve order *UNKS* in individual stocks . STOP 
One Merc broker compared the action in the S&P pit during the two *UNKS* to a fire at a *UNKED* school . STOP 
`` You do n't want the fire but you know what to do , '' said Howard *CUNK* , an independent floor broker and a Merc governor . STOP 
`` There was no panic . STOP 
The system worked the way we *UNKED* it to work . '' STOP 
After *UNKING* for about 15 minutes , the S&P index tumbled to its *UNK-* limit and the second *UNK* went into effect . STOP 
Traders then spent the last half-hour `` watching to see if the Dow would drop 250 points , '' Mr. *CUNK* added , referring to the level at which the stock market itself would have closed for an hour . STOP 
One *UNKER* estimated that 80 % to 90 % of the S&P traders `` were just standing around watching . '' STOP 
But the *UNK-* circuit *UNKER* never had to *UNK* in , and *UNKS* on the Chicago Board of Trade 's Major Market Index also were n't triggered . STOP 
The *CUNK* and the S&P 500 are the two major indexes used by program traders to run their computerized trading strategies . STOP 
The programs are considered by many to be a major cause of the 1987 crash . STOP 
The process of *UNK-* reforms began with calls to *UNK* the markets and *UNK* up a year later with a series of rather technical adjustments . STOP 
In October 1987 , just after the market drop , Washington was *UNK* in talk of sweeping changes in the way the financial markets are structured and regulated . STOP 
Over the next year that grand agenda was *UNKED* down to a series of steps to *UNK* big stock drops by *UNKING* trading to give market players time to *UNK* and *UNKER* positions . STOP 
In addition , limits were placed on computer-driven trading , and steps were taken to better link the stock and futures markets . STOP 
Few changes were made in the way the markets are regulated . STOP 
At the *UNK* the prime target was program trading , which was much discussed but little understood on Capitol Hill . STOP 
There were also calls to strip the stock markets of `` derivative '' products , such as stock-index futures and options , which Federal Judge Stanley *CUNK* , for example , *UNKED* to `` *UNKS* attached to the basic market . '' STOP 
And there was much criticism of the New York Stock Exchange 's system of having stock trades flow through specialists , or market makers . STOP 
When the Brady *CUNK* Force 's powerful analysis of the crash was released in January 1988 , it immediately *UNKED* the *UNKS* ' agenda . STOP 
*CUNKING* that the separate financial *UNKS* acted as one , and *UNKING* that the crash had `` raised the possibility of a *UNK-* financial system breakdown , '' the presidential task force called for establishing a *UNK-* to *UNK* the markets , to make margins consistent across markets , to *UNUNK* clearing systems and to install circuit breakers . STOP 
Only the last of those recommendations ever was *UNKED* . STOP 
The Reagan White House held the Brady recommendations at arm 's length and named a second panel -- the Working Group on the Financial Markets -- to review its analysis and those of other crash studies . STOP 
In May 1988 , the Working Group , made up of representatives from the Federal Reserve , the Treasury , the Securities and Exchange Commission , and the Commodity Futures Trading Commission , finally endorsed only circuit breakers . STOP 
After several more months of arguments among various stock exchanges and futures markets , circuit breakers were set in place , with the most *UNK* *UNKING* trading after 250 and 400 point drops in the Dow Jones Industrial Average . STOP 
*CUNKLY* , some free *UNKS* dismissed such *UNKS* as *UNKS* to *UNKS* . STOP 
After all , this free-market argument went , the Dow only dropped more than 250 points once this century . STOP 
`` Circuit breakers '' set to *UNK* big drops : STOP 
-- If S&P futures fall 5 points at opening , contract trading *UNKS* for 10 minutes . STOP 
-- If Dow *CUNKS* fall 25 points at opening , contract trading *UNKS* for 10 minutes . STOP 
-- If S&P futures fall 12 points -LRB- equivalent to about 100 points on *CUNK* -RRB- , trading is *UNK* for half hour to that price or higher . STOP 
On NYSE program trades are diverted into a separate computer file to determine buy and sell orders . STOP 
-- If S&P futures fall 30 points , trading is restricted for an hour to that price or higher . STOP 
-- If Dow *CUNKS* fall 250 points , trading on the Big Board *UNKS* for an hour . STOP 
S&P and *CUNK* contracts also halt . STOP 
-- If *CUNK* drops 400 points , Big Board *UNKS* trading for two hours . STOP 
Trading in *CUNK* and S&P futures also halted . STOP 
Brady *CUNK* Force recommendations -LRB- Jan. 1988 -RRB- : STOP 
-- *CUNK* an *UNKING* regulator for financial markets STOP 
-- *CUNK* *UNKING* systems STOP 
-- *CUNK* margins consistent across stock and futures markets STOP 
SEC proposals -LRB- May 1988 -RRB- : STOP 
-- *CUNK* prompt reports of large securities trades . STOP 
-- *CUNK* SEC authority to monitor *UNKING* by affiliates of brokerage firms . STOP 
-- *CUNKER* *UNKION* over *UNKED* futures to SEC from CFTC . STOP 
-LRB- *CUNKED* by new SEC chairman -RRB- STOP 
-- *CUNK* SEC authority to halt securities trading , -LRB- also opposed by new SEC chairman -RRB- . STOP 
Congressional proposal : STOP 
-- *CUNK* a task force to review current state of the securities markets and securities laws . STOP 
*CUNKING* the Soviet government 's television *UNKLY* , an independent company has gained rights to show world programming , including American films . STOP 
`` There must not be a *UNKLY* , there must be freedom of choice for both journalists and viewers , '' *CUNK* I. *CUNK* , the president of the *CUNK* TV company , told the weekly newspaper *CUNK* . STOP 
The company is already working on its own programming in several *UNKAL* cities and hopes to be on the air regularly in about a year , the newspaper said . STOP 
Mr. *CUNK* told *CUNK* that he recently had been to the U.S. to pick up the rights to show 5,000 U.S. films in the Soviet Union . STOP 
*CUNK* 's article was accompanied by a picture of Mr. *CUNK* *UNKING* singer John Denver in Colorado . STOP 
Even though it will be independent of official television , *CUNK* will have an *UNK* board that will include members of the Communist youth league . STOP 
South Africa 's National Union of *CUNKS* said that about 10,000 *UNK* *UNKS* struck for higher wages at De Beers Consolidated *CUNKS* Ltd. STOP 
De Beers said that workers at five of the group 's mines were on strike , which it said was *UNK* , with *UNKLY* *UNKING* *UNKING* at one of the mines . STOP 
The *UNK* in negotiations occurred with De Beers offering a 17 % increase in the *UNK-* category while the union demanded a *UNKN* % increase in the minimum wage . STOP 
Japan 's opposition Socialist Party denied that its legislators had been *UNKED* by *UNK-* owners . STOP 
The *UNKION* had been raised in Parliament by the governing *CUNKAL* Democratic Party following magazine reports suggesting that money from *CUNK-* *UNK* , called pachinko , had *UNKED* politics . STOP 
*CUNK* *CUNK* , secretary general of the Socialist Party , acknowledged that nine party lawmakers had received donations from the pachinko association totaling 8 million yen -LRB- about $ *UNKN* -RRB- but said the donations were legal and none of its members acted to favor the industry . STOP 
The World *CUNK* Fund for *CUNK* said that Spain , *CUNK* , *CUNK* and *CUNK* were doing too little to prevent illegal trade in *UNKED* *UNK* across their *UNKS* . STOP 
A report by the *UNKION* group presented at the *CUNKED* *CUNKION* on International Trade in *CUNKED* *CUNKS* in *CUNK* accused the four of trading protected *UNKS* ranging from *UNKS* to *UNKS* . STOP 
Fund official *CUNK* *CUNKER* said world trade in *UNK* was estimated to total $ 5 billion of business annually . STOP 
A NATO project to build a *UNK* for the 1990s was *UNKED* by the *UNK-* of three of its eight participating nations . STOP 
Britain , France and Italy announced technical reasons for *UNKING* , but some officials pointed to growing reluctance among the allies to *UNK* themselves to big defense spending while *CUNKEST* *UNK* talks show signs of success . STOP 
Small wonder that Britain 's Labor Party wants credit controls . STOP 
A few hours after the party launched its own *UNK* credit card earlier this month , the *CUNKS* raised the nation 's base interest rate . STOP 
Labor 's *CUNK* card is believed to be the first linked to a British political party . STOP 
Labor gets 25 pence -LRB- 39 cents -RRB- for every 100 -LRB- about $ 155 -RRB- that a user charges to the card . STOP 
As with other plastic in Britain 's *UNK-* environment , the Labor card , *UNKED* by *CUNK-* Bank , carries a stiff -LRB- in this case , *UNKN* % -RRB- annual rate on the *UNUNK* balance . STOP 
China 's *UNK-* *UNK* program has achieved some *UNKS* in *UNKING* *UNK* economic growth and stabilizing prices but has failed to eliminate serious defects in state planning and an *UNKING* drain on state budgets . STOP 
The official China Daily said retail prices of *UNK-* *UNKS* have n't risen since last December but acknowledged that huge government subsidies were a main factor in keeping prices down . STOP 
The State *CUNKAL* Bureau found that more than 1 billion *UNK* -LRB- $ 270 million -RRB- was spent in the first half of the year for pork subsidies . STOP 
The newspaper quoted experts as saying the subsidies would cause the difference between prices and real values of commodities to `` become very *UNUNK* '' and reduce needed funds for investment in the `` already difficult state budget . '' STOP 
The aim of the *UNK* measures was to *UNK* economic growth , which soared to *UNKN* % last year , to 8 % in 1990 . STOP 
Economists now predict the growth rate will be about 11.5 % for the year . STOP 
In a sign of growing official *UNK* for *UNKION* , Russian *CUNK* *UNKS* were allowed to *UNK* the *UNK* anniversary of the Moscow *UNK* in the *CUNK* 's *UNK-* *CUNK* *CUNKAL* , where *UNKS* were *UNKED* ... . STOP 
A *UNK-* , $ 7.7 million *UNK* of *CUNK* was completed on a *UNK* outside Hong Kong , facing China . STOP 
The *UNK* is the *UNK* of *CUNK* *CUNK* *CUNK* , director of the *CUNK* *CUNK* *CUNK* , who said : `` Hong Kong is such a *OUS* place , we also need some kind of *OUS* symbol . STOP 
It all seemed *UNK* enough : Last April , one Steven B. *CUNK* visited *CUNK* Products Inc. here , identified himself as a potential customer and got the word on the little company 's new *UNK* players for children . STOP 
`` It is almost *UNKAL* to the Sony product , '' Mr. *CUNK* *UNKED* , after seeing *UNKS* and pictures . STOP 
*CUNKED* a *CUNK* salesman : `` *CUNKLY* . '' STOP 
The *CUNK* merchandise carried wholesale prices some 40 % below those of Sony Corp. of Japan 's `` My First Sony '' line . STOP 
The *UNK* *UNKED* *UNK* and promised to return . STOP 
But instead of a new customer -- part of a *UNK-* *UNK* from *UNKING* Sony -- *CUNK* got a costly legal *UNKS* . STOP 
Mr. *CUNK* , it turned out , was a private *UNK* using a hidden tape *UNKER* to *UNKER* information for Sony . STOP 
His recording later turned up as a court *UNK* . STOP 
*CUNKING* to keep *CUNK* 's `` My *CUNK* '' product line off the U.S. market , Sony last May filed a suit in Manhattan federal court *UNKING* the *UNK* of *UNK* *UNK* , unfair competition and other violations of business law . STOP 
Since then , life has changed a lot for *UNK-* Leonard *CUNK* , *CUNK* 's owner . STOP 
`` I have n't been able to get a decent night 's *UNK* since this has been going on , '' he says . STOP 
`` It 's the most *UNKING* thing in my life -- I ca n't even *UNK* to my business . '' STOP 
His company -LRB- annual sales : about $ 25 million -RRB- may suffer a costly blow -- losing an estimated 10 % of total sales -- if Sony -LRB- annual sales : about $ 16 billion -RRB- *UNKS* . STOP 
*CUNK* 's *UNK* shows what can happen when a tiny company suddenly faces the full legal might of a *UNK* *UNKAL* . STOP 
With considerable *UNK* , the case also shows how completely Japan has turned the tables on U.S. business . STOP 
Americans used to complain *UNKLY* about being *UNUNK* by *UNK-* products from Japan . STOP 
Now Sony , whose *UNK* , *UNKED* products are among the most *UNKED* in consumer electronics , is *UNKLY* *UNKING* about a little U.S. firm with a cheap *UNK-* produced in China . STOP 
`` The *UNK* of this is that *CUNK* knocked off the Sony line and Sony wants to stop it , '' says Lewis H. *CUNKER* , Sony 's attorney , who previously *UNKED* *CUNK* 's *CUNK* . STOP 
-LRB- Sony itself declines to comment . -RRB- STOP 
If Sony wins , Mr. *CUNKER* says , its little rival will have to try to sell the products overseas . STOP 
At worst , he adds , `` They 'd have to *UNK* them all up and throw them away . '' STOP 
Mr. *CUNK* denies the suit 's charges and says his only mistake was taking on Sony in the marketplace . STOP 
`` I made a similar line and I produced it cheaper , '' he says . STOP 
Today , U.S. Judge John E. *CUNK* is expected to rule on Sony 's renewed request for a *UNKAL* order blocking sale of the disputed products , on which *UNKS* began in July . STOP 
The judge turned down an earlier Sony request for such an order -- a decision *UNK* on appeal -- but Sony returned with additional evidence and arguments . STOP 
Though hoping to settle the case , *CUNK* *UNKS* to fight on , if necessary . STOP 
But the battle is more than *CUNK* *UNKED* for . STOP 
`` I had no idea I was getting in so deep , '' says Mr. *CUNK* , who founded *CUNK* in 1982 . STOP 
Mr. *CUNK* had sold *CUNK* Inc. , a Taiwan electronics maker , and retired , only to find he was *UNKED* . STOP 
With *CUNK* , he began selling *UNKS* and electronics made mostly in Hong Kong , beginning with *CUNK* *CUNK* *UNKS* . STOP 
The company has grown -- to about 40 employees , from four initially , Mr. *CUNK* says . STOP 
*CUNK* has been profitable since 1986 , adds the official , who shares his office with numerous *UNK* bears , all *UNKS* from his line of *UNK* *UNKS* . STOP 
Like many others , Mr. *CUNK* took notice in 1987 when Sony , in a classic example of market *UNKION* , changed the plastic skin and *UNKS* on the famous *CUNK* line of portable audio equipment and created the My First Sony line for children . STOP 
The *UNKLY* *UNKED* new products looked more like *UNKS* than the *UNK* models . STOP 
-LRB- In court papers , Sony says it has spent more than $ 3 million to promote the line , with resulting sales of over a million units . -RRB- STOP 
Sony found a new market niche , but Mr. *CUNK* figured that its prices left plenty of room for a *UNKED* competitor . STOP 
His products are n't exact copies of Sony 's but strongly *UNK* them in size , shape and , especially , color . STOP 
Sony uses mostly red and blue , with *UNKS* of *UNK* -- and so does *CUNK* , on the theory that kids prefer these *UNKS* . STOP 
-LRB- `` To be successful , a product can be any color *UNKER* , as long as it is *UNK-* red , '' says Charles E. *CUNK* , *CUNK* 's attorney . -RRB- STOP 
By last winter , *CUNK* was showing *UNKS* at toy *UNKS* in Hong Kong and New York -- and Sony noticed . STOP 
Indeed , concerned that Sony sales personnel were threatening legal action or other *UNKION* -- such as *UNKING* desirable Sony products -- against *CUNK* 's customers , Mr. *CUNK* fired off a letter to Sony in April . STOP 
He himself threatened to take the matter to the Federal Trade Commission or U.S. Justice Department . STOP 
But *CUNK* has n't *UNKED* those charges -LRB- which were without merit , according to Mr. *CUNKER* , the Sony attorney -RRB- . STOP 
*CUNKS* Mr. *CUNK* : `` Our purpose was to influence them to leave us alone . STOP 
We never intended taking on Sony -- we do n't have the resources . '' STOP 
Sony *UNKED* the empty threat with its real suit . STOP 
*CUNK* and on since then , the companies have *UNKED* in court . STOP 
And *CUNK* , in a news release , says , `` Once competitive , Sony now resorts to *UNK-* tactics in American *UNKS* to *UNK* out and protect niche markets . '' STOP 
Sony 's lawyer insists that the company 's tactics -- including the use of a private *UNK* *UNKING* as a buyer -- are routine in such matters . STOP 
He also insists that Sony , no less than others , has a legal right to protect its `` trade dress , '' in this case , mostly the *UNKS* that it claims make My First Sony products *UNK* . STOP 
-LRB- *CUNK* claims it began using the same *UNKS* on electronic goods for children long before Sony entered the children 's market . -RRB- STOP 
Whatever its *UNKS* , Sony 's aggressive defense is *UNKING* for *CUNK* . STOP 
It 's also costly . STOP 
Mr. *CUNK* says he has paid more than $ 70,000 in legal fees so far . STOP 
Of Sony , Mr. *CUNK* says : `` They know there 's no way for them to lose . STOP 
They just keep *UNKING* me in deeper until I reach the point where I give up and go away . '' STOP 
For now , though , he *UNKS* to *UNK* in . STOP 
*UNK* Charles H. *CUNK* II , chairman of *CUNK* Corp. , purchased *UNKN* shares , or 4.9 % , of *CUNK* 's common , according to a filing with the Securities and Exchange Commission . STOP 
The stock was bought on Thursday in a privately negotiated transaction , the filing said . STOP 
As previously reported , *CUNK* , *CUNKER* , *CUNK* , and *CUNK* Gas & Electric Co. , *CUNK* , Mass. , are targets of *UNKED* tender offers from *CUNKED* Eastern Utilities Associates . STOP 
Eastern Utilities has offered $ 40 a share for *CUNK* and $ 36 a share for *CUNK* Gas and has extended both offers to Dec. 4 . STOP 
Both companies rejected the offers . STOP 
*CUNKER* Bank AG of West Germany has announced a friendly tender offer for control of *CUNK* *CUNK* de *CUNKS* , a French bank whose main shareholder is France 's Societe Generale , the Societe de *CUNKS* *CUNKS* said . STOP 
The tender offer by West Germany 's *UNKEST* commercial bank is in two stages . STOP 
*CUNKER* is offering to acquire *UNKN* % of *CUNK* 's capital for *UNKN* francs -LRB- $ *UNKN* -RRB- a share . STOP 
The terms of the offer put a value of *UNKN* million francs -LRB- $ *UNKN* million -RRB- on the *UNKN* % *UNKING* . STOP 
The Societe Generale banking group controls *UNKN* % of the *UNKING* , while Societe Generale de *CUNK* S.A. owns *UNKN* % and Financiere *CUNKION* , a holding company , owns 5.1 % . STOP 
Mexican investor Joel *CUNK* *CUNK* said he sold a block of *UNKN* shares of Smith Laboratories Inc. common stock to companies *UNKED* with him . STOP 
In a filing with the Securities and Exchange Commission , Mr. *CUNK* *CUNK* said *CUNK* *CUNK* Inc. , *CUNKS* II Inc. , and *CUNKS* III Inc. bought the *UNKN* shares on Oct. 11 for $ 1.4 million , or $ *UNKN* a share . STOP 
Mr. *CUNK* *CUNK* said that he , *CUNK* Group Ltd. , *CUNK* , *CUNKS* II , and *CUNKS* III are all *UNKED* and hold a combined stake of *UNKN* shares , or *UNKN* % . STOP 
Mr. *CUNK* *CUNK* has said he wants to purchase more shares . STOP 
In San Diego , Smith Laboratories President *CUNK* *CUNKER* said the transfer of the shares is n't significant . STOP 
*CUNK* , New York , said it and the management of Sports & *CUNKION* Inc. bought the operator of the *UNK-* Sports *CUNKED* chain for some $ 40 million . STOP 
The investment bank becomes majority shareholder in Sports & *CUNKION* , a *UNK-* *UNKING* goods retailer , said Oliver E. *CUNK* , a member of *CUNK* 's management committee and a director of the chain . STOP 
Sports *CUNKED* , *CUNK* , Fla. , posted revenue of $ 59 million for the year ended July 31 . STOP 
The company is `` very profitable '' on an operating basis , Mr. *CUNK* said , but he declined to specify numbers . STOP 
In 1982 , Sports & *CUNKION* 's managers and certain *UNK* investors purchased the company from *CUNK* Corp. of *CUNK* , *CUNK* . STOP 
In the latest transaction , management bought out the *UNK* investors ' holding , Mr. *CUNK* said . STOP 
*CUNK* Co. , Newport Beach , Calif. , said Fidelity National Financial Inc. extended its previous agreement , under which it wo n't purchase any more of the mortgage banker 's common stock , through Oct. 31 . STOP 
The previous agreement expired Thursday . STOP 
*CUNK* said that its discussions with Fidelity , an *CUNK* , Calif. , *UNK-* underwriter , are continuing , but that prospects for a *UNK-* *UNK* agreement are uncertain . STOP 
Fidelity has increased its stake in *CUNK* to *UNKN* % in recent months . STOP 
*CUNKS* made in Securities and Exchange Commission filings led *CUNK* to request a *UNK* agreement . STOP 
Giant Group Ltd. said it terminated negotiations for the purchase of *CUNK* Airways , a *CUNKED* regional carrier that operates the United Express *UNK* service under contract to UAL Corp. 's United Airlines . STOP 
Giant , a Beverly Hills , Calif. , collection of companies that is controlled by Hollywood producer *CUNK* Sugarman , did n't give a reason for *UNKING* its plan to acquire the airline , and *CUNK* officials could n't be reached for comment . STOP 
Giant agreed last month to purchase the carrier . STOP 
Giant has n't ever disclosed the proposed price , although *CUNK* Inc. , an *CUNK* , *CUNKED* aircraft consulting concern , has valued *CUNK* 's fleet at about $ 46 million . STOP 
The airline would have become the latest in a *UNK* *UNK* of Giant companies , which are involved in making cement , *UNKING* newsprint and operating fast-food restaurants . STOP 
The *UNKED* insurer *CUNKS* *CUNKS* de France said it has obtained regulatory approval to increase its stake in the financial holding company *CUNK* de Navigation Mixte above 10 % from the current level of about 8 % . STOP 
Friday 's approval was needed to *UNK* with *CUNK* rules regarding companies with bank interests and follows a similar approval given Wednesday to Cie . Financiere de Paribas . STOP 
Both Paribas and *CUNK* have been increasing their stakes in Navigation Mixte recently for what they have *UNKED* `` investment purposes , '' although the issue has been *UNKED* by takeover speculation in recent weeks . STOP 
*CUNK* did n't comment officially on its reasons for seeking the approval , but people close to the group said it was done to make sure the group would have the flexibility to increase its stake in the future , should interesting price opportunities *UNK* . STOP 
An *CUNK* official did specify , however , that there was no foundation to recent rumors the group might be acting in *UNK* with Paribas . STOP 
Lockheed *CUNKAL* Systems Co. , a unit of Lockheed Corp. , said it agreed to join with *CUNK* *CUNK* . A. of *CUNK* , Italy , to *UNK* a new generation of jet *UNKS* for the U.S. Air Force . STOP 
The Air Force is looking to buy *UNKN* new primary jet *UNKS* , with a total value of $ 1.5 billion to $ 2 billion , between 1994 and 2004 . STOP 
The aircraft would replace the *CUNK-* , made by the *CUNK* *CUNK* Co. unit of General Dynamics Corp. , which the Air Force uses to train jet pilots . STOP 
Lockheed said the U.S. Navy may also buy an additional *UNKN* *UNKER* aircraft to replace its *CUNK* *UNKS* made by the *CUNK* *CUNK* Corp. unit of *CUNK* Corp . STOP 
Under the agreement with Lockheed , *CUNK* will license Lockheed to build the *CUNK* *CUNK-* jet *UNKER* and will supply certain structures . STOP 
Lockheed will build additional structures and perform final assembly of the *UNK-* *UNKER* at its *CUNK* , *CUNK* , plant should the Air Force order the *UNK* . STOP 
A Lockheed spokesman in *CUNK* , Calif. , said he was n't aware of which other companies would be competing for the Air Force contract . STOP 
*CUNKING* auto workers ended their *UNK-* *UNKION* of a metal shop at a *CUNK* S.A. factory in *UNK* France Friday as pay talks got under way in the capital . STOP 
But the *CUNK* *UNK* came as a nationwide dispute by Finance Ministry employees disrupted border *UNKS* and threatened the government 's ability to pay its bills . STOP 
The *CUNK* *UNKS* began filing out of the shop , which makes auto parts , at the plant in *CUNK* after voting *UNKN* to *UNKN* to abandon the *UNKION* . STOP 
Their withdrawal was based on promises by *CUNK* to open negotiations in Paris at the same time the last man left the *UNKS* . STOP 
The strike by *UNKS* officers , tax *UNKS* , treasury workers and other civil *UNKS* attached to the Ministry of Finance may *UNK* a more serious challenge to the government and the average *CUNK* . STOP 
Ministry employees complain that they are poorly paid because of a complex *UNKING* system they say *UNKS* to take into account their education and level of technical expertise . STOP 
The market for $ 200 billion of high-risk junk bonds , battered by a *UNKION* of defaults and huge price declines this year , *UNKLY* *UNKED* Friday . STOP 
Trading ground to a halt as investors rushed to sell bonds , only to find themselves *UNKED* by potential buyers . STOP 
*CUNKED* , they watched brokerage houses mark down price quotations on their junk holdings while being able to execute very few actual trades . STOP 
`` The junk bond market is in a state of *UNK* now -- there are no bids , only offers , '' says independent investor Martin D. *CUNKS* , who manages nearly $ 4 billion and who recently decided to buy *UNKED* securities for a new fund . STOP 
This *UNK* is `` far from over , '' he says . STOP 
*CUNK* 's collapse helped *UNK* the *UNK* selling of stocks that produced the *UNKEST* *UNK-* *UNK* in the Dow Jones Industrial Average since the Oct. 19 , 1987 , crash . STOP 
*CUNKLY* , it also helped trigger this year 's biggest rally in the U.S. government bond market as investors rushed to move capital into the *UNK-* securities they could find . STOP 
But `` an *UNK* *UNK* *UNKED* '' the junk market Friday as prices tumbled on hundreds of high-yield bonds despite `` no active trading , '' says John *CUNK* , an economist at Moody 's Investors Service Inc . STOP 
For example , the price of *CUNK* Corp. 's $ 500 million of 16 3\/4 % bonds due *UNKN* -- sold less than two years ago by Goldman , Sachs & Co. -- plummeted 25 % to just 30 cents on the dollar . STOP 
But not even Goldman would make a market in the securities of *CUNK* , the owner of the nationwide chain of *UNKN* *UNK* stores that is *UNKED* for cash . STOP 
Goldman officials declined to comment . STOP 
*CUNK* bonds , which *UNKED* from less than $ 2 billion at the start of this decade , have been declining for months as *UNKER* after *UNKER* sank *UNK* the weight of hefty interest payments . STOP 
The *UNK* market received its biggest *UNK* last month from Campeau Corp. , which created its U.S. retailing empire with junk financing . STOP 
Campeau developed a cash squeeze that caused it to be *UNK* on some interest payments and to put its *OUS* *CUNKS* department-store chain up for sale . STOP 
Now , dozens of corporations , including *CUNK* Allen , TW Services and York International , that are counting on at least $ 7 billion of scheduled new junk *UNKS* to keep their highly leveraged takeovers and buy-outs *UNK* , may never get the money . STOP 
`` The music has stopped playing , '' says Michael *CUNKS* , a principal in the investment firm of Levy *CUNKS* . STOP 
`` You 've either got a chair or you do n't . '' STOP 
In Friday 's aftermath , says R. Douglas *CUNK* , a director of high-yield finance at First Boston Corp. , `` much of the $ 7 billion forward *UNK* could be *UNKED* , depending on the *UNK* . '' STOP 
In August , First Boston withdrew a $ *UNKN* million junk offering of Ohio *CUNKS* bonds because potential buyers were `` very *UNK* . '' STOP 
The outlook `` looks *UNK* because we 're still waiting '' for mutual funds , in particular , to dump some of their junk bond holdings to pay off *UNKS* by individual investors , says King *CUNK* , senior vice president at *CUNK* , *CUNK* & *CUNK* , an investment arm of Xerox Financial Services . STOP 
Indeed , a Moody 's index that tracks the net asset values of 24 high-yield mutual funds declined for the *UNK* consecutive day Friday . STOP 
In a *UNK* contrast , the benchmark 30-year Treasury bond climbed more than 2 1\/2 points , or about $ 25 for each $ 1,000 face amount , to 103 *UNKN* , its biggest gain of the year . STOP 
The bond 's yield dropped to *UNKN* % , the lowest since March 31 , 1987 , according to *CUNKAL* Data *CUNKAL* Markets Group . STOP 
The yield on three-month Treasury bills , considered the *UNKEST* of all investments , plummeted about 0.7 percentage point to *UNKN* % , the largest *UNK-* decline since 1982 . STOP 
The main catalyst for government bond market rally was the *UNK-* drop in the Dow Jones Industrial Average . STOP 
`` When you get panic in one market , you get flight to quality in the other , '' said *CUNK* *CUNK* , money market economist at Drexel Burnham Lambert Inc . STOP 
Nevertheless , the problems of the junk market could prompt the Federal Reserve to ease credit in the months ahead . STOP 
`` This marks a significant shift in the interest rate outlook , '' says William Sullivan , director of money market research at Dean Witter Reynolds Inc. , New York . STOP 
Any sustained *UNKING* could be a lift for junk bonds as well as other securities . STOP 
Robert Dow , a partner and portfolio manager at *CUNK* , *CUNK* & Co. , which manages $ 4 billion of high-yield bonds , says he does n't `` think there is any fundamental economic *UNK* -LCB- for the junk bond *UNK* -RCB- . STOP 
It was *UNK* *UNK* . '' STOP 
He adds : `` The junk market has *UNKED* some trouble and now some people think that if the equity market gets *UNKED* that means the economy will be terrible and that 's bad for junk . STOP 
I do n't believe that 's the case , but I believe that people are running scared . STOP 
There is a flight to quality , and the quality is not in equities and not in junk -- it 's in Treasurys . '' STOP 
Even as trading in high-yield issues *UNKED* up over the past month , corporations sold more than $ 2 billion of new junk bonds . STOP 
For example , a recent $ *UNKN* million offering of *CUNK* Gas Services *CUNK* bonds sold by First Boston was three times *UNKED* . STOP 
A $ 550 million offering of Turner Broadcasting System Inc . high-yield securities sold last week by Drexel was increased $ 50 million because of strong demand . STOP 
First Boston estimates that in November and December alone , junk bond investors will receive $ 4.8 billion of coupon interest payments . STOP 
`` That 's a clear indication that there is and will be an *UNUNK* of basic business going on , '' says Mr. *CUNK* of First Boston . STOP 
`` I do n't know how people can say the junk bond market *UNKED* when there were $ 1.5 billion of orders for $ 550 million of junk bonds sold last week by Turner , '' says Raymond *CUNK* , *UNK-* of merchant banking at Merrill Lynch & Co . STOP 
`` When the rally comes , insurance companies will be leading it because they have billions to invest and invest they will . STOP 
There is plenty of money available from people who want to buy *UNKED* deals ; it 's the stuff that 's financed on a *UNKING* that people are wary of . '' STOP 
But such highly leveraged transactions seemed to have *UNKED* this year , casting a *UNK* over much of the junk market . STOP 
Michael *CUNK* , director of fixed-income research at Kemper Financial Services , says the quality of junk issues has been getting *UNKER* , contributing to the slide in prices . STOP 
`` Last year we probably bought one out of every three new deals , '' he says . STOP 
`` This year , at best , it 's in one in every five or six . STOP 
And our credit standards have n't changed one *UNK* . '' STOP 
However , Mr. *CUNK* said the slide in junk is creating `` one *UNK* of a buying opportunity '' for *UNK* buyers . STOP 
For the moment , investors seem more *UNKED* with the `` bad '' junk than the `` good '' junk . STOP 
`` The market has been weak since '' the announcement of the Campeau cash squeeze and the company 's subsequent bailout by *CUNK* & York , says Mr. *CUNK* of Merrill Lynch . STOP 
`` That really affected the market in that people started to ask ` What else is in trouble ? ' '' STOP 
Well before Campeau , though , there were signs that the junk market was *UNKING* through one of its worst years ever . STOP 
Despite the relatively strong economy , junk bond prices did nothing except go down , *UNKED* by a seemingly *UNKS* trail of bad news : STOP 
-- In June , two months before it would default on interest payments covering some of its $ 1.2 billion of *UNK* debt securities , New York-based Integrated Resources Inc. said it ran out of borrowed money . STOP 
-- In July , *CUNK* Corp. , the *CUNKED* real estate and financial services company with about $ 1.3 billion of junk bonds , voluntarily filed for protection under U.S. bankruptcy law . STOP 
-- By the end of July , the difference in yield between an index of junk bonds and *UNK-* Treasury notes widened to more than 5.5 percentage points . STOP 
-- In August , *CUNKS* International Inc. , which sold more than $ 500 million of junk bonds , suspended interest payments . STOP 
-- In September , just as the cash squeeze hit Campeau , *CUNKS* Financial Corp. *UNKED* on $ 145 million of notes and appeared unlikely to pay interest on a total of $ 1.2 billion of debt securities . STOP 
*CUNK* , regulators are becoming increasingly worried as the rush to leverage shows no signs of *UNKING* . STOP 
Moody 's says the *UNK* of corporate credit *UNKS* is the highest this year since 1982 . STOP 
In addition , there are six times as many troubled banks as there were in the recession of 1981 , according to the Federal Deposit Insurance Corp . STOP 
`` The era of the 1980s is about compound interest and the reaching for it , '' says James *CUNK* , editor of *CUNK* 's Interest *CUNK* *CUNKER* , an early critic of the junk bond market . STOP 
`` What we 've begun to see is the damage to businesses of paying *UNK* compound interest . STOP 
*CUNKS* were borrowing at interest rates higher than their own earnings . STOP 
What we 're seeing now is the *UNKING* *UNK* of asset values to a future when *UNK-* debt will be hard to obtain rather than easy . '' STOP 
Friday 's Market Activity STOP 
Prices of Treasury bonds surged in the biggest rally of the year as investors fled a *UNKING* stock market . STOP 
The benchmark 30-year Treasury bond was quoted 6 p.m. EDT at 103 *UNKN* , compared with 100 *UNKN* Thursday , up 2 1\/2 points . STOP 
The yield on the benchmark fell to *UNKN* % , the lowest since March 31 , 1987 , according to *CUNKAL* Data *CUNKAL* Markets Group . STOP 
The `` flight to quality '' began late in the day and followed a *OUS* fall in the stock market . STOP 
Treasurys opened lower , *UNKING* *UNKLY* to news that the producer price index -- a measure of inflation on the wholesale level -- *UNKED* in September . STOP 
Bond prices barely *UNKED* until *UNK* . STOP 
Many bond market participants will be closely *UNKING* the action of the Federal Reserve , which might repeat its October 1987 *UNKION* of huge amounts of liquidity to *UNK* the financial markets and keep the economy from slowing into a recession . STOP 
Prices of *UNKS* , investment-grade *UNKS* and mortgage-backed bonds also rose , but lagged behind their Treasury counterparts . STOP 
Mortgage securities rose in *UNK* trading , with most of the activity concentrated in Government National Mortgage Association 9 % coupon securities , the most liquid mortgage issue . STOP 
The Ginnie Mae November 9 % issue ended at 98 *UNKN* , up 7\/8 point on the day , to yield about *UNKN* % to a 12-year average life assumption . STOP 
*CUNK-* corporate bonds were up about 1\/2 to 3\/4 point . STOP 
But the yield spread between *UNK-* , investment-grade issues and *UNK-* bonds widened . STOP 
And the yields on telephone and utility issues rose relative to other investment-grade bonds in anticipation of this week 's $ 3 billion bond offering by the Tennessee Valley Authority . STOP 
Despite rumors that the TVA 's *UNKED* offering would be postponed because of the debacle in the equity markets , sources in the underwriting syndicate said they expect the issue will be priced as scheduled . STOP 
One of the sources said the smaller *UNKS* of $ 750 million each of five-year and 10-year bonds have already been `` substantially *UNKED* . '' STOP 
Municipal bonds rose as much as 3\/4 point . STOP 
Roger *CUNK* contributed to this article . STOP 
Friday 's 190-point plunge in stocks does not come *UNK* the climate of anxiety that dominated financial markets just prior to their 1987 October crash , and *UNKS* have been put in place to keep markets more *UNKLY* . STOP 
Still , the lesson is about the same : On Friday the 13th , the market was *UNKED* by Washington . STOP 
The consensus along the street seems to be that the plunge was triggered by the financing problems of the UAL takeover , and it 's certainly true the *UNK* began immediately after the UAL trading halt . STOP 
Still , the consensus seems almost as wide that one *UNKING* bid is no reason to write down the value of all U.S. business . STOP 
This *UNKION* leads us to another piece of news moving on the Dow Jones *UNKER* shortly before the downturn : the success of Senate Democrats in *UNKING* the capital gains tax cut . STOP 
The real value of all shares , after all , is directly *UNKED* by the tax on any profits -LRB- all the more so given the limits on deductions for losses that show gains are not `` ordinary income '' -RRB- . STOP 
And market expectations clearly have been raised by the capital gains victory in the House last month . STOP 
An hour before Friday 's plunge , that provision was stripped from the tax bill , leaving it with $ 5.4 billion in tax increases without a capital gains cut . STOP 
There is a great deal to be said , to be sure , for *UNKING* the *UNK* out of the *UNKION* bill . STOP 
It would be a good thing if Congress started to decide issues *UNK-* on their individual *UNKS* without *UNK* . STOP 
For one thing , no one doubts that the capital gains cut would pass on an *UNK-* vote . STOP 
Since Senate leaders have so far *UNKED* it up with procedural *UNKS* , promises of a *UNKER* bill are suspect . STOP 
*CUNKLY* so since President Bush has been weakened by the Panama *UNK* . STOP 
To the extent that the UAL troubles contributed to the plunge , they are another instance of Washington 's *UNK* *UNKS* . STOP 
As the best opportunities for corporate *UNKS* are *UNKED* of course , at some point the market will start to reject them . STOP 
But the airlines are *UNKLY* a clear case , given *UNKER* *UNK* by Secretary of Transportation Skinner , who *UNKS* to believe safety will be *UNKED* if *CUNK* and British Airways own interests in companies that fly *UNKS* . STOP 
*CUNK* , Congress has started to jump on the Skinner *UNK* . STOP 
James *CUNK* , the Minnesota Democrat who chairs the Public *CUNKS* and Transportation Committee 's *UNKION* subcommittee , has put an *UNK-* takeover bill on *UNK* speed so that it would be passed in time to affect the American and United Air Lines bids . STOP 
It would give Mr. Skinner up to 50 days to `` review '' any bid for 15 % or more of the voting stock of any U.S. carrier with revenues of $ 1 billion or more . STOP 
So the UAL deal has problems , and the market *UNKS* 190 points . STOP 
*CUNKS* , Mr. Secretary and Mr. *CUNK* . STOP 
In the 1987 crash , remember , the market was *UNK* by a *CUNK* *CUNK* proposal to tax takeovers out of *UNK* . STOP 
Even more important , in our view , was the Treasury 's threat to *UNK* the dollar . STOP 
The Treasury is doing the same thing today ; *UNKLY* , the dollar is not under *UNK-* pressure . STOP 
Also , traders are in better shape today than in 1987 to survive selling *UNKS* . STOP 
They are better *UNKED* . STOP 
They are in less danger of losing liquidity simply because of tape *UNKS* and clearing and settlement delays . STOP 
The Fed promises any needed liquidity . STOP 
The Big Board 's *UNK* with the Chicago Board of Trade has improved ; it will be interesting to learn if `` circuit breakers '' prove to be a good idea . STOP 
In any event , some traders see stocks as *UNKED* today , unlike 1987 . STOP 
There is nothing wrong with the market that ca n't be *UNKED* by a little *UNK* and common sense in Washington . STOP 
But on the bearish side , that may be too much to expect . STOP 
First Chicago Corp. posted a third-quarter loss of $ *UNKN* million after joining other big banks in further adding to its reserves for losses on foreign loans . STOP 
The parent company of First National Bank of Chicago , with $ 48 billion in assets , said it set aside $ 200 million to absorb losses on loans and investments in financially troubled countries . STOP 
The addition , on top of two big 1987 *UNKS* to *UNK-* reserves , brings the reserve to a level equaling 79 % of *UNK-* and long-term loans outstanding to troubled nations . STOP 
First Chicago since 1987 has reduced its loans to such nations to $ 1.7 billion from $ 3 billion . STOP 
Despite this loss , First Chicago said it does n't need to sell stock to raise capital . STOP 
During the quarter , the company realized a pretax gain of $ *UNKN* million from the sale of its First Chicago Investment *CUNKS* unit . STOP 
*CUNKED* foreign exchange and bond trading profits *UNKED* 24 % against last year 's third quarter , to $ *UNKN* million from $ *UNKN* million . STOP 
*CUNKS* from First Chicago 's venture capital unit , a big leveraged buy-out investor , rose 32 % to $ 34 million from $ *UNKN* million a year ago . STOP 
Interest income and most fee income was strong . STOP 
Greece 's second *UNK* of general elections this year is slated for Nov. 5 . STOP 
For those hoping to see a *UNK* of political *UNK* restored -- in view of Greece 's *UNK-* *UNK* under *UNK* *UNK* and subsequent three-month *UNK* with a *UNK-* coalition government -- there is but one bright sign : The scandals still *UNKING* former Prime Minister *CUNKS* *CUNK* and his fallen socialist government are like *UNKS* *UNKING* around a *UNKING* *UNKS* . STOP 
In the *UNK-* round of voting , *CUNKS* gave no clear *UNK* to any single political party . STOP 
The ad interim coalition government that emerged from *UNKAL* *UNKS* was , in *UNK* , little more than the *UNKED* *UNKING* of *UNKAL* *UNKION* : On one side , the *UNK-* New *CUNK* Party , headed by *CUNK* *CUNKS* . STOP 
On the other , the so-called *CUNKION* of the *CUNK* and *CUNKS* -- a *UNK* and rather *UNK* title for a merger of the *UNK-* Communist Party of Greece and its *CUNK-* *UNK* , the *CUNK* *CUNK* . STOP 
The *UNKING* bond for this *UNK-* *UNK* was plain : *CUNK* -LRB- Mr. *CUNK* 's party -RRB- as common political *UNK* . STOP 
The *UNK* goal was a *UNK-* of government corruption , *UNKLY* at all levels , but the main marks were Mr. *CUNK* and his *UNKEST* associates . STOP 
In point of fact , this *UNKS* was *UNK* by decades . STOP 
When reduced to *UNK* status in *UNK* *UNK* *UNKS* , however , the notion *UNKED* into a promised *UNK* , with targets primarily for political gains , not justice . STOP 
With regard to Greece 's *UNKING* *UNKING* scandal , Mr. *CUNK* 's principal *UNKER* remains George *CUNKS* , former owner of the Bank of *CUNK* and *UNKED* *UNKER* , now *UNKING* in a jail cell in *CUNK* , Mass. , from where he is fighting *UNKION* proceedings that would return him to Greece . STOP 
Mr. *CUNKS* 's credibility is , at best , *UNK* . STOP 
He has *UNK* *UNK* to shift the blame , and his testimony has also been found less than *UNK* on numerous points . STOP 
Nevertheless , the New *CUNK* and Communist parties *UNK* his *UNKS* as proof of *CUNK* *UNK* . STOP 
Among *UNKED* questions are whether Mr. *CUNK* received $ 23 million of stolen Bank of *CUNK* funds and an additional $ *UNKN* in *UNKS* , as contended ; whether the prime minister ordered state agencies to deposit some $ 57 million in Mr. *CUNKS* 's bank and then *UNK* off the interest ; and , what *CUNK* 's cut was from the $ *UNKN* million Mr. *CUNKS* *UNKED* . STOP 
Two former ministers were so heavily *UNKED* in the *CUNKS* affair that *CUNK* members of Parliament voted to *UNKER* them to the special court . STOP 
But *UNKING* parliamentary probe was the case of millions of *UNKS* Mr. *CUNKS* *UNKED* into New *CUNK* *UNKS* . STOP 
In the end , the investigation produced only *UNKAL* evidence and `` indications '' that point to *CUNK* , not *UNKING* proof . STOP 
On another issue , *CUNKS* were told how their national intelligence agency , the *CUNK* , regularly monitored the telephone conversations of prominent figures , including key opposition politicians , journalists and *CUNK* cabinet members . STOP 
Despite *UNKING* arguments , it was never established that Mr. *CUNK* personally ordered or directed the *UNKS* . STOP 
The central weakness of the `` scandals '' *UNKS* was pointed up especially well when discussions focused on arms deals and *UNKS* . STOP 
The coalition government tried to show that *CUNK* ministers had received hefty *UNKS* for *CUNKING* the purchase of *CUNK-* *CUNKING* Falcon and Mirage 2000 combat aircraft , produced by the *CUNKED* General Dynamics Corp. and France 's *CUNKS* *CUNK* *CUNK* , respectively . STOP 
*CUNKLY* , neither General Dynamics nor *CUNK* could be expected to *UNKER* its prospective future dealings by making *UNKS* of *UNKS* paid -LRB- or not -RRB- to various *CUNK* officials for services *UNKED* . STOP 
So it seems that Mr. *CUNKS* and his communist *UNKS* may have *UNKLY* served Mr. *CUNK* a moral victory on a *UNKER* : *CUNK* , whether guilty or not , can now *UNK* the *UNK* *UNKING* the whole affair as a *UNK* *UNK* at Mr. *CUNK* 's expense . STOP 
But while *UNKAL* high *UNKS* alone wo n't help *CUNK* regain power , Mr. *CUNK* should never be *UNKED* . STOP 
First came his *UNK* *UNK* : He charged the *CUNKION* of the *CUNK* and *CUNKS* had sold out its *UNK* *UNKS* by *UNKING* in a *UNKING* plot aimed at *UNKING* *CUNK* and *UNKING* the course of socialism in Greece . STOP 
Then , to *UNKS* his credibility with the left , he *UNKED* some smaller *UNK* parties to stand for election under the *CUNK* *UNKER* . STOP 
Next , he continued to court the *UNKS* -- many of whom feel *UNKED* by the *UNK-* coalition 's *UNK* -- by bringing into *CUNK* a *UNKED* Communist Party candidate . STOP 
For balance , and in hopes of gaining some *UNKED* *UNK* votes , he managed to attract a former New *CUNK* Party representative and known political *UNK* of Mr. *CUNKS* . STOP 
Thus *CUNK* heads for the polls not only with diminished *UNK-* , but also with `` *UNKS* of approval '' from representatives of its *UNKEST* *UNKS* . STOP 
*CUNKAL* as these elections are for Greece , pressing issues of state are getting lost in the *UNK* . STOP 
The country 's future NATO participation remains *UNUNK* , for instance . STOP 
Greece also must *UNK* major pieces of legislation in *UNKION* for the 1992 targets of *UNKED* *CUNK* Market cooperation . STOP 
Greece 's *UNKAL* relations with the U.S. need attention soon as well . STOP 
For one , the current accord concerning U.S. military bases in Greece *UNKS* in May 1990 . STOP 
*CUNKS* for a new agreement were *UNK* before the June elections , but the *UNK* is running . STOP 
Another matter of concern is the *UNKION* of *CUNKED* *CUNK* , a Palestinian *UNK* who is wanted in the U.S. for the 1982 *UNKING* of a Pan American Airways flight . STOP 
The *CUNK* courts have decided in favor of *UNKION* in the *CUNK* case , but the matter *UNKS* final approval from Greece 's next justice minister . STOP 
The *CUNKS* seem barely aware of the importance of the case as a *UNKS* test of whether Greece will be counted in or out for international efforts to combat terrorism . STOP 
That *CUNK* could win the elections *UNK* is *UNK* ; the *CUNK* press , previously eager to *UNK* off *CUNK* 's line , has turned on Mr. *CUNK* with a *UNKED* *UNK* . STOP 
Yet the possibility of another *UNK-* government is all too real . STOP 
If Mr. *CUNK* becomes the major opposition leader , he could *UNKING* a *UNKED* coalition . STOP 
Also , he could force new elections early next year by *UNKING* the procedures for the election of the president of the *UNK* in March . STOP 
New *CUNK* has once again *UNKLY* *UNKED* the *UNK* and linked its own prospects to negative reaction against *CUNK* , *UNKING* to tend to either program *UNK* or the *UNKION* of internal *UNKS* . STOP 
As for Mr. *CUNK* ? STOP 
He 's not exactly sitting pretty at this stage . STOP 
But since he is *UNKLY* one of the most *UNK* *UNK* *UNKS* who ever *UNKED* *UNK* , it seems far *UNKER* to view him as *UNKED* , but certainly not yet eliminated . STOP 
Mr. Carpenter , a regional *UNK* for National Review , has lived in *CUNKS* since 1981 . STOP 
U.S. *CUNK* *CUNK* to head off any repeat of Black Monday today following Friday 's plunge in stock prices . STOP 
Fed Chairman Greenspan signaled that the central bank was prepared to *UNK* massive amounts of money into the banking system to prevent a financial crisis . STOP 
Other U.S. and foreign officials also *UNKED* out plans , though they kept their moves quiet to avoid making the financial markets more *UNK* . STOP 
Friday 's sell-off was triggered by the collapse of UAL 's buy-out plan and a big rise in producer prices . STOP 
The Dow Jones industrials *UNKED* *UNKN* , to *UNKN* . STOP 
The junk bond market came to a *UNK* , while Treasury bonds soared and the dollar fell . STOP 
Japanese stocks dropped early Monday , but by late morning were turning around . STOP 
The dollar was trading sharply lower in Tokyo . STOP 
*CUNKS* for a new UAL buy-out proposal appear bleak . STOP 
Many banks refused to back the $ 6.79 billion transaction , but bankers said it was not from any *UNKS* to finance takeovers . STOP 
The decision was based solely on problems with the UAL *UNK-* plan , they said . STOP 
The surge in producer prices in September followed three months of declines , but analysts were divided on whether the 0.9 % jump signaled a severe *UNKING* of inflation . STOP 
Also , retail sales grew 0.5 % last month . STOP 
A capital-gains tax cut was removed from the Senate 's deficit reduction bill , but *UNKS* still hope to *UNK* the cut this year . STOP 
Bush wo n't press for a capital-gains provision in the final deficit bill when House-Senate *UNKS* meet later this week . STOP 
General Motors signaled that up to five North American assembly plants may close by the *UNKS* as it tries to cut excess capacity . STOP 
U.S. car and truck sales fell *UNKN* % in early October , the first sales period of the *UNK-* year , *UNKED* down by a sharp decline in GM sales . STOP 
Warner and Sony are *UNKED* in a legal battle over movie producers Peter *CUNKER* and Jon Peters . STOP 
The fight could set back Sony 's plans to enter the U.S. movie business . STOP 
Hooker 's U.S. unit received a $ *UNKN* million bid for most of its real-estate and *UNKER* assets from an investor group . STOP 
The offer does n't include *CUNK* *CUNKER* or B. *CUNK* . STOP 
The Boeing strike is starting to affect airlines . STOP 
America West said Friday it will postpone its new service out of Houston because of delays in receiving aircraft from Boeing . STOP 
Saatchi & Saatchi would launch a management buy-out if a hostile suitor emerged , an official said . STOP 
British Aerospace and France 's *CUNK-* are *UNKING* a pact to merge *UNK-* divisions . STOP 
New U.S. *UNK-* quotas will give a bigger share to developing nations that have relatively *UNKED* steel industries . STOP 
Japan 's steel *UNK* will be cut significantly . STOP 
Four *UNKING* *CUNKS* were sold off by government regulators , but low bids prevented the sale of a fifth . STOP 
Markets -- STOP 
Stocks : Volume *UNKN* shares . STOP 
Dow Jones industrials *UNKN* , off *UNKN* ; transportation *UNKN* , off *UNKN* ; utilities *UNKN* , off *UNKN* . STOP 
Bonds : Shearson Lehman Hutton Treasury index *UNKN* , up STOP 
Commodities : Dow Jones futures index *UNKN* , up *UNKN* ; spot index *UNKN* , up *UNKN* . STOP 
Dollar : *UNKN* yen , off *UNKN* ; *UNKN* marks , off *UNKN* . STOP 
A federal appeals court in San Francisco ruled that shareholders ca n't hold corporate officials *UNK* for false sales projections on new products if the news media *UNKLY* *UNKED* substantial information about the product 's *UNKS* . STOP 
The ruling stems from a 1984 suit filed by shareholders of Apple Computer Inc. , claiming that company officials *UNKED* investors about the expected success of the *CUNK* computer , introduced in 1983 . STOP 
Lawyers *UNKING* in shareholder suits said they are concerned that use of the `` press defense '' by corporations may become popular as a result of the ruling . STOP 
According to the suit , Apple officials created public *UNK* by *UNKING* *CUNK* as an office computer that would *UNK* the *UNK* and be extremely successful in its first year . STOP 
The plaintiffs also alleged that prior to the *UNK* , the company *UNKED* internal *UNKS* indicating problems with *CUNK* . STOP 
The suit claimed Apple 's stock climbed to a high of $ *UNKN* a share on the basis of the company 's optimistic forecasts . STOP 
But when the company *UNKED* *CUNK* 's poor sales late in 1983 , the stock plummeted to a low of $ *UNKN* a share , according to the suit . STOP 
The shareholders claimed more than $ 150 million in losses . STOP 
In 1987 , the San Francisco district court dismissed the case largely because newspaper reports had *UNKLY* *UNKED* the company 's statements by *UNKING* consumers to *CUNK* 's problems . STOP 
Late last month , the appeals court agreed that most of the case should be dismissed . STOP 
However , it gave the shareholders the right to pursue a small portion of their claim that *UNKS* to *CUNK* 's disk drive , known as *CUNK* . STOP 
The court ruled that the news media did n't reveal *CUNK* 's problems at the time . STOP 
Lawyers are worried about the ruling 's *UNKION* in other shareholder suits but pointed out that the court *UNKED* that the ruling should be regarded as very specific to the Apple case . STOP 
`` The court was careful to say that the adverse information appeared in the very same articles and received the same attention as the company 's statements , '' said Patrick *CUNK* , a Los Angeles lawyer at the firm of *CUNK* & *CUNKS* , which was n't involved in the case . STOP 
`` The court is saying that the adverse facts have to be transferred to the market with equal *UNK* and credibility as the statements of corporate insiders . '' STOP 
Shareholders ' attorneys at the New York firm of *CUNK* , *CUNKS* , *CUNK* , *CUNK* & *CUNK* last week *UNKED* for a *UNKING* of the case . STOP 
They wrote : `` The opinion *UNKS* a new rule of *UNK* -- that if a wide variety of opinions on a company 's business are publicly reported , the company can say anything without fear of securities liability . '' STOP 
NFL *CUNK* to pay $ 5.5 million in legal fees to *UNK* STOP 
The National Football League is considering *UNKING* the ruling stemming from the U.S. Football League 's largely unsuccessful antitrust suit against the NFL . STOP 
A jury in 1986 agreed with the *CUNK* 's claims that the NFL *UNKED* major league football . STOP 
But the jury awarded the *CUNK* only $ 1 in damages , *UNKED* because of the antitrust claims . STOP 
Last week , the U.S. Court of Appeals in New York *UNK* a $ 5.5 million award of attorneys fees to the *UNK* league . STOP 
*CUNK* D. *CUNK* , of *CUNK* & *CUNK* , then of *CUNK* , *CUNK* , *CUNKER* , *CUNK* , *CUNK* , *CUNK* , *CUNK* & *CUNK* , was the lead trial lawyer , and his new firm *UNKED* the application appeal . STOP 
Douglas R. *CUNKS* of *CUNK* & *CUNK* says about $ 5.3 million of the award goes directly to the *CUNK* to *UNK* it for fees already paid . STOP 
*CUNK* & *CUNK* will get about $ *UNKN* for the costs of pressing the application . STOP 
The federal appeals court held that the nominal damages and the failure to prove all claims did n't exclude the *CUNK* from being *UNKED* . STOP 
*CUNK* laws provide that injured parties may be *UNKED* for lawyers ' fees . STOP 
But *CUNK* *CUNK* , an attorney for the NFL , says his client will consider asking for another hearing or *UNKING* to the U.S. Supreme Court . STOP 
Mr. *CUNK* , of *CUNK* , *CUNKS* , *CUNK* , *CUNKER* & *CUNK* in New York , says the ruling is wrong and the fee award is excessive because the *CUNK* lost its major claims , including its *UNKION* that the NFL *UNKED* trade through television contracts . STOP 
`` The *CUNK* was not the *UNKING* party , '' Mr. *CUNK* insists . STOP 
*CUNK-* *CUNK* : STOP 
*CUNK* & *CUNK* of Houston and *CUNK* , Robertson , *CUNKER* & *CUNK* of *CUNK* , Alberta , are *UNKING* to help serve their *UNK-* clients . STOP 
The *UNKION* is believed to be the first such *UNKER* arrangement among major law firms . STOP 
The firms are n't required to *UNKER* work *UNKLY* to each other and remain separate organizations . STOP 
But they will work together on energy - , environmental - and *UNKED* issues and conduct *UNKS* on *UNKS* of mutual interest , said *CUNK* *CUNK* Jr. of *UNKER* *CUNK* & *CUNK* . STOP 
In addition , *CUNK* & *CUNK* 's Washington , D.C. , office will play a key role as the firms work together on regulatory issues , particularly *UNKS* exports , for their clients . STOP 
The arrangement , reached after about eight months of negotiations , grew out of *UNKER* *CUNK* Robertson 's desire to develop ties with a U.S. firm in light of *UNKED* trade barriers between the U.S. and Canada , said Francis M. *CUNK* of *CUNK* Robertson . STOP 
*CUNK* *CUNK* *CUNK* *CUNK* a turnaround for asbestos manufacturers , *CUNK* Grace & Co. won a 3 *UNK-* trial in Pittsburgh over whether it should be required to remove asbestos *UNKING* from a local high school . STOP 
*CUNK* Lebanon High School , near Pittsburgh , sought $ 21 million in *UNK* damages from Grace , arguing that the asbestos , which can cause *UNK* diseases and lung cancer , *UNKED* a risk to students . STOP 
Grace successfully contended that removing the fire *UNK* would *UNK* a greater health risk than leaving it alone . STOP 
A spokesman for the company said the verdict is thought to be the first in favor of an asbestos manufacturer where the *UNK* was a school and the asbestos in question was used for *UNKING* . STOP 
FCC *CUNK* *CUNK* *CUNK* : STOP 
*CUNK* S. *CUNK* will join *UNKER* *CUNK* & *CUNKER* as a partner in its Washington , D.C. , office in *UNKER* . STOP 
She will help develop the *UNK-* practice of the San *CUNKED* firm 's communications group . STOP 
Ms. *CUNK* , 35 years old , resigned as Federal Communications Commission general counsel early this month after nearly three years in that post . STOP 
She was the first woman to be appointed FCC general counsel . STOP 
*CUNK* P. *CUNK* , formerly Eastern Airlines ' top lawyer , joined the New York law firm of *CUNK* Day & *CUNK* , *CUNK* Smith as a partner . STOP 
Mr. *CUNK* , 45 , spent 17 years at the Miami airline unit of *CUNKED* Texas Air Corp. and was named general counsel in 1984 . STOP 
He left the company in 1987 . STOP 
Mr. *CUNK* said he will split his time between the *UNKER* firm 's offices in Washington , D.C. , and New York , with *UNKS* in *UNKION* and labor law . STOP 
Apple Computer Inc. said it will offer cash *UNKS* on several of its machines from Oct. 14 to Dec. *UNK* , as part of a *UNK-* sales promotion . STOP 
Apple will offer a $ 150 *UNK* on its Apple *CUNK* with any Apple *CUNK* and disk drive ; $ 200 on the basic *CUNK* *CUNKS* central processing unit ; $ 250 on the *CUNK* *CUNK* central processing unit ; $ 250 on the *CUNK* *CUNK* *UNK* , and $ 300 on a *CUNK* *CUNK* with any Apple video card and Apple monitor . STOP 
The *UNKS* , as a percentage of the retail cost of the *UNK* of each system , amount to 6 % to 13 % . STOP 
The company is also offering a free trial of its computers to consumers who qualify for its credit cards or leases . STOP 
*CUNK* Electric Industrial Co. of Japan and *CUNKS* AG of West Germany announced they have completed a 100 *UNK-* -LRB- $ *UNKN* million -RRB- joint venture to produce electronics parts . STOP 
In the venture 's first fiscal year , *CUNKS* will hold *UNKN* % of the venture and a *CUNK* subsidiary , *CUNK* Electronic *CUNKS* Co. , *UNKN* % . STOP 
A basic agreement between the two companies was announced in June . STOP 
The new company is to be called *CUNKS* *CUNK* *CUNKS* *CUNK* . *CUNK* . STOP 
It will have its headquarters in *CUNK* . STOP 
*CUNK* 's share in the venture will rise to 35 % Oct. 1 , 1990 , and to 50 % the following Oct. 1 . STOP 
*CUNKS* will retain majority voting rights . STOP 
The parent companies forecast sales for the venture of around 750 million marks for its first fiscal year , *CUNK* said . STOP 
Sales are expected to rise to one billion marks after four years . STOP 
The company will have production facilities in West Germany , *CUNK* , France and Spain . STOP 
Roger *CUNK* , editor of U.S. News & World Report , resigned Friday from the weekly news magazine . STOP 
Mr. *CUNK* said he resigned because of difficulties with *UNKING* between his home in New York and the magazine 's editorial offices in Washington . STOP 
`` *CUNKLY* , I missed my family , '' said Mr. *CUNK* . STOP 
In Mr. *CUNK* 's tenure , the magazine 's advertising pages and circulation have grown significantly . STOP 
But at 2.3 million weekly paid circulation , U.S. News still ranks third behind Time Warner Inc. 's Time magazine , with 4.4 million circulation , and Washington *CUNK* Co. 's *CUNK* , with 3.3 million circulation . STOP 
*CUNKER* B. *CUNK* , chairman and editor in chief , said Mr. *CUNK* would be succeeded starting today by Michael *CUNK* , the magazine 's executive editor , and Merrill *CUNK* , a senior writer . STOP 
Mr. *CUNK* and Ms. *CUNK* are married to each other . STOP 
Mr. *CUNK* said his magazine would maintain its editorial *UNK* , which is a mix of analysis and trend stories with *UNKED* , *UNK-* articles . STOP 
Mr. *CUNK* , a senior writer at Time magazine before joining U.S. News & World Report , said he had numerous job offers from other magazines while he was editor . STOP 
The offers were to work as a writer , not an editor . STOP 
He said he will now consider those offers . STOP 
*CUNKS* *CUNK* *CUNK-* Aviation S.A. said group profit before taxes and contributions to employee *UNKING* soared 97 % to *UNKN* million francs -LRB- $ *UNKN* million -RRB- in the first half of 1989 from *UNKN* million francs a year earlier . STOP 
The French aircraft group pointed out , however , that financial results from its sector of industry are frequently *UNK* because of *UNK* cash flow from large contracts . STOP 
It noted , for example , that group revenue for the first half was *UNKN* billion francs , down about 12 % from *UNKN* billion francs a year earlier . STOP 
Still , it said it expects sales for all of 1989 to be on the order of 20 billion francs , reflecting anticipated *UNKS* for two large contracts in the second half of the year . STOP 
For all of 1988 , *CUNK* had group profit of *UNKN* million francs on revenue of *UNKN* billion francs . STOP 
The group has n't yet released earnings figures for the first half of 1989 , nor has it made a detailed forecast of its full-year earnings . STOP 
*CUNK* Consolidated Industries Inc. expects to report earnings before extraordinary tax benefits of about $ 1.5 million , or about 41 cents a share , for the third quarter , compared with a loss last year , said Glenn R. Simmons , chairman and chief executive officer . STOP 
After a tax benefit of about $ *UNKN* , *CUNK* expects to report net income of $ 2.3 million , or about 62 cents a share , Mr. Simmons said . STOP 
For third quarter last year , *CUNK* reported a $ 1 million loss from continuing operations and a $ 200,000 loss from discontinued operations , for a net loss of $ 1.2 million . STOP 
Revenue for the latest third quarter was about $ *UNKN* million , up 10 % from $ *UNKN* million last year , he said . STOP 
Mr. Simmons said the results signal a turnaround for the maker of wire and wire products , which has *UNKED* to remain competitive in the face of *UNKED* , imported steel . STOP 
A new $ 46 million steel *UNK* *UNK* , which got off to a *UNK* start in early 1988 , now is running *UNKLY* and a new management team is more heavily marketing *CUNK* 's products , Mr. Simmons said . STOP 
As a result , the company hopes to report net income for the year of about $ *UNKN* million , or about $ *UNKN* to $ *UNKN* a share , compared with a net loss of $ *UNKN* million last year , after a loss from discontinued operations of $ *UNKN* million . STOP 
Revenue for 1989 is expected to be about $ 300 million , up about 21 % from $ *UNKN* million in 1988 . STOP 
For the nine months ended Sept. 30 , *CUNK* expects to report net income of $ *UNKN* *UNKION* , or about $ *UNKN* a share , after an extraordinary gain from $ *UNKN* million in tax benefits . STOP 
Last year , the company had a net loss of $ 6.5 million , including a $ *UNKN* million loss from continuing operations and a $ 400,000 loss from discontinued operations . STOP 
Revenue for the nine months is expected to be about $ *UNKN* million , up about 21 % from $ *UNKN* million last year . STOP 
Mr. Simmons said *CUNK* 's new mill is expected to produce about *UNKN* tons of steel *UNKS* this year , up from *UNKN* tons in 1988 . STOP 
*CUNKION* at the mill has exceeded the ability of *CUNK* 's casting operation to supply it , he said , which will force *CUNK* to purchase *UNK* , or *UNKED* steel *UNKS* , from outside the company during the fourth quarter and next year . STOP 
*CUNK* will have to consider expanding its casting operation , at an estimated cost of $ 8 million to $ 10 million , within the next 18 to 24 months , Mr. Simmons said . STOP 
Under Robert W. *CUNKER* , who was named president and chief operating officer last year , *CUNK* has expanded its sales force to about 20 people from about 15 and hopes to expand its sales from the middle portion of the country toward the East and West *UNKS* . STOP 
`` *CUNK* to a year ago , *CUNK* was an *UNKER* . STOP 
Now I think we have a group of marketing people who are out selling to retailers and *UNKS* , '' Mr. Simmons said . STOP 
Still , he said , the *UNK-* company plans to continue its *UNKED* strategy for its *UNK* brand of *UNKED* wire *UNKING* and other products . STOP 
The company claims a 40 % share of the U.S. field *UNK* business , a 35 % share of *UNK* *UNKING* sales and a 30 % share of *UNKED* wire sales . STOP 
*CUNK-* Inc. said a temporary *UNKION* of operations at its *CUNK* Bridge *UNK-* facility in *CUNK* , *CUNK* , will result in slight earnings improvement to both the company and its *CUNK-* *CUNK* Partners Limited Partnership unit . STOP 
The company did n't elaborate . STOP 
The diversified energy and *UNKS* concern said that a depressed *UNK* market is responsible for the temporary *UNKING* of the plant , but that the plant can be *UNKED* quickly when the market *UNKS* . STOP 
More than 400,000 pounds of *UNK* a year have been produced at the facility during the past seven years . STOP 
A second *UNK-* plant at *CUNK* Sam , *CUNK* , that produces more than *UNKN* pounds of *UNK* annually , will continue to operate . STOP 
*CUNK-* said the *UNK* wo n't affect sales *UNKS* under long-term sales contracts of its *CUNK* *CUNK* *CUNK* Co. unit , but will reduce the amount of product sold on the spot market . STOP 
*CUNK-* *CUNK* Partners , as owner of the *UNK-* technology , receives *UNK* payments . STOP 
Business *CUNK* subscribers may hear this week 's issue talking back to them . STOP 
A *UNK-* ad from Texas *CUNKS* Inc. , running in approximately *UNKN* issues of the Oct. 20 `` Corporate *CUNK* '' issue of the *CUNK-* Inc. publication , contains a speech *UNKER* *UNKED* between two of the pages . STOP 
*CUNKS* who pull off a piece of tape and press a switch will hear a tiny -- but *UNKLY* *UNKING* -- voice announce , `` I am the talking chip , '' as it *UNKS* into a *UNK-* *UNK* on its own *UNKS* . STOP 
The talking chip is n't cheap -- the *UNK-* cost to Texas *CUNKS* is about $ 4 , and that 's without adding in Business *CUNK* 's charge -- but Texas *CUNKS* believes it is a first . STOP 
*OUS* efforts have included musical ads , featuring simple *UNKING* chips that play a *UNK* , but the voice *UNKER* in this effort is much more sophisticated , with none of the *UNK* *UNKS* that one *UNKS* , for example , when calling telephone *UNK* services . STOP 
And for those who miss the message the first time around , not to worry : Three tiny *UNKS* provide enough *UNK* for as many as 650 *UNKS* . STOP 
*CUNKS* Financial Corp. , Dallas , said it will ask a U.S. bankruptcy court to allow it to hire *CUNK* *CUNKS* & Co. to help it sell its leasing unit . STOP 
*CUNKS* , *UNKED* by Merrill Lynch Capital Markets , has been trying to sell its *CUNK* *CUNKS* *CUNKING* Co. for several months , apparently without success . STOP 
The real estate and mortgage banking concern had hoped to use proceeds from the sale to reduce its debt . STOP 
Without cash from asset sales and unable to reach a new *UNK-* agreement , *CUNKS* *UNKED* on $ 145 million in notes that became due Sept. 1 . STOP 
It filed for protection from creditors under Chapter 11 of the federal Bankruptcy Code Sept. 24 to give it additional time to work on a plan to restructure its $ *UNKN* billion in senior debt . STOP 
*CUNKS* said Merrill Lynch , which owns bonds and equity in *CUNKS* , could n't continue as *CUNKS* 's investment banker because it is also a creditor . STOP 
It said it chose *CUNK* in part because of *CUNK* 's offices in Europe and Japan , where investors might be interested in a U.S. leasing company . STOP 
Canadian Imperial Bank of Commerce said it will increase its loan-loss provisions to cover all its loans to *UNKER* developed countries , except Mexico , resulting in an after-tax charge to 1989 earnings of 300 million Canadian dollars -LRB- US$ *UNKN* million -RRB- . STOP 
Don *CUNKER* , senior vice president and chief *UNK* , said the bank 's strong earnings enable it to be the first major Canadian bank to set aside provisions covering all its C$ *UNKN* billion in *UNK-* *CUNK* debt . STOP 
`` It *UNKS* the continuing uncertainty with respect to the ultimate value of the loans , '' he said . STOP 
The bank said about C$ *UNKN* million will be added to its existing *CUNK* and general loss provisions in its fourth quarter , ending Oct. 31 . STOP 
Mr. *CUNKER* said the C$ 300 million charge to earnings would amount to about C$ *UNKN* a share . STOP 
The bank 's net income for the nine months ended July 31 was C$ *UNKN* million , or C$ *UNKN* a share . STOP 
Mr. *CUNKER* said the bank will restructure its C$ *UNKN* million of Mexican debt , of which C$ *UNKN* million is in Mexican notes secured by U.S. government bonds . STOP 
The bank has a 45 % reserve against the remaining C$ *UNKN* million of Mexican debt and expects to swap that for other Mexican notes supported by U.S. Treasury zero-coupon bonds . STOP 
Mr. *CUNKER* said the bank 's experience with *CUNK* debt has been `` painful '' and this latest move represents the final phase of a program begun seven years ago to reduce its exposure through *UNKING* , debt sales and debt *UNKS* . STOP 
He said the bank will no longer participate in *CUNK* *UNK* lending , but will support trade financing and other transactions that meet the bank 's standards . STOP 
The *UNK* among takeover stocks Friday does n't mean the end of *UNKS* but simply marks the start of a less ambitious game , Wall Street 's *UNK-* deal makers say . STOP 
*CUNKS* from now on are more likely to be *UNKED* companies , rather than *UNKS* or *UNK-* *UNKS* . STOP 
And they will be launching *UNKED* and perhaps fewer deals , now that it 's tougher to finance them . STOP 
This is an *OUS* sign for a stock market that lately has been fueled by takeover speculation and bidding wars for companies that put themselves up for sale . STOP 
*CUNKER* the 1980s merger boom seems to be *UNKING* , shock waves *UNK* through the stock market . STOP 
`` The market is *UNKED* , not cheap , '' says Alan *CUNKS* of the New York *UNK-* firm *CUNKS* *CUNK* . STOP 
He recently began increasing his cash position to 45 % of his portfolio . STOP 
`` I look at where deals can get done , '' he says , `` and they 're not getting done '' at current prices . STOP 
*CUNKS* are growing increasingly nervous about *UNKED* takeovers , investment bankers say . STOP 
`` You had a week of a deteriorating junk-bond market that ran *UNK* into the news on Friday about what appeared to be happening to the bank debt market , '' says Steven *CUNKER* , a partner and merger specialist with *CUNK* *CUNKS* & Co . STOP 
Trading *UNKED* up Friday in the market for high-yield junk bonds , often used to finance takeovers . STOP 
It was the latest in a series of *UNKS* for the junk bond market , where prices began weakening last month after Campeau hit a cash crunch . STOP 
And banks appear to be taking an increasingly skeptical view of requests for high-risk takeover loans . STOP 
The group trying to buy UAL announced Friday that it could n't *UNK* the $ 7.2 billion in bank loans it needs to buy the parent of United Airlines for $ 300 a share . STOP 
*CUNK-* traders today will be *UNKING* to learn of any UAL developments , and other takeover stocks are likely to trade in *UNK* . STOP 
Investment bankers representing the buy-out group and UAL 's board spent a *UNK* weekend trying to *UNKER* out new terms that would be more acceptable to the banks . STOP 
After UAL , the stock viewed as most vulnerable is American Airlines ' parent AMR , the target of a $ *UNK-* takeover proposal from New York real estate developer Donald Trump . STOP 
Trading in AMR shares was suspended shortly after 3 p.m. EDT Friday and did n't resume . STOP 
Before the halt , AMR last traded at 98 5\/8 . STOP 
Late Friday night , the London office of *CUNKS* & Co. , a Los Angeles securities firm , traded AMR shares at prices as low as 80 . STOP 
Similarly , Delta Air Lines and USAir Group dropped *UNKN* % and 8.5 % , respectively , on Friday and could weaken further . STOP 
Over the *UNKED* , however , two developments in other deals indicated that *UNKAL* banks and Wall Street firms still are willing to *UNK* billions of dollars to finance takeover bids launched by major companies . STOP 
*CUNK* S.A. , a major Mexican glass maker , said yesterday that it agreed to buy *CUNK* Glass *CUNKER* in a tender offer for $ *UNKN* a share , sweetened from the original $ *UNK-* offer *CUNK* launched two months ago . STOP 
On Friday , *CUNK* shares fell 1 1\/4 to close at 18 1\/2 . STOP 
For the broader market , the greatest *UNK* of the *CUNK-* deal may be that it was put together late Friday night -- after the market *UNK* -- and involves a $ 155 million temporary `` bridge '' loan from Donaldson , Lufkin & Jenrette Securities and a $ *UNKN* million loan from Security Pacific National Bank . STOP 
Moreover , to complete the entire *CUNK* Glass purchase and *UNK* existing debt , Donaldson said it is `` highly confident '' that it will be able to sell $ 400 million of junk bonds for *CUNK* , despite the current disarray in the junk bond market . STOP 
Donaldson 's statement is n't merely an idle *UNK* , because those bonds will have to be sold before Donaldson 's bridge loan can be paid back . STOP 
Security Pacific , meanwhile , said it expects to *UNK* $ *UNKN* million in bank loans for *CUNK* . STOP 
In another takeover battle , a spokesman for McCaw Cellular Communications said yesterday that McCaw has been advised by three commercial banks that they remain `` highly confident '' they can *UNK* $ 4.5 billion of bank loans for McCaw 's tender offer for about 45 % of LIN Broadcasting , `` *UNKING* recent events . '' STOP 
McCaw is offering $ 125 a share for 22 million LIN shares , thereby challenging LIN 's proposal to spin off its television properties , pay shareholders a $ *UNK-* special dividend and combine its *UNK-* operations with BellSouth 's cellular business . STOP 
On Friday , LIN shares were among the few takeover issues that did n't fall much , dropping 5 1\/2 , or 4.9 % , to close at 107 1\/2 . STOP 
Traders and investment bankers said LIN shares were n't hurt much because BellSouth is viewed as a *UNKED* corporate buyer unlikely to be affected by *UNKS* among bankers or bond buyers . STOP 
Investment bankers interviewed over the weekend see a silver *UNKING* for the merger business in the stock-market drop . STOP 
*CUNKAL* bidders for companies `` were saying that things were beginning to look expensive , '' says Mr. *CUNKER* of *CUNK* . STOP 
`` Nothing makes things look cheaper than a *UNK-* drop in the Dow , '' Mr. *CUNKER* says . STOP 
`` Just as there are people waiting to become bargain *UNKS* in the stock market , there are people waiting to become bargain *UNKS* in the deal market . '' STOP 
Investment bankers expect most of those bargain *UNKS* to be *UNKED* corporations . STOP 
`` In the past , corporate buyers were often *UNKED* from making bids because of competition from LBO firms , which were often prepared to *UNK* '' the corporations , says J. *CUNK* Hill , head of mergers and acquisitions at Shearson Lehman Hutton . STOP 
Now , `` corporate buyers should be willing to *UNKER* the acquisition market because the competition from *UNKED* buyers has been reduced . '' STOP 
Many takeover stocks plunged Friday , as speculators retained their confidence in corporate buyers but fled from the *UNKED* *UNKER* stocks , the targets of rumored deals . STOP 
Columbia Pictures Entertainment , which has agreed to a friendly $ *UNK-* bid from Sony of Japan , fell only 1\/8 to close at 26 5\/8 . STOP 
But several stocks long rumored to be *UNK* for a takeover or restructuring fell 10 % or more . STOP 
They include USX , down *UNKN* % ; *CUNK* , down *UNKN* % ; *CUNK* *CUNK* , down 11 % ; Paramount Communications , off *UNKN* % ; *CUNK* , down *UNKN* % ; Delta Air Lines , down *UNKN* % , and MCA , down 9.7 % . STOP 
The market -- and investment bankers -- are even less *UNK* about companies that have had at least one bid , merger agreement or restructuring plan fall through already . STOP 
Given the weakness in both the junk bond market and the stock market , traders fear that these transactions may be revised yet again . STOP 
*CUNKS* include *CUNK* , whose agreement to be acquired for $ 25 a share by *CUNK* collapsed last month . STOP 
*CUNK* shares fell nearly 20 % on Friday to close at 12 7\/8 . STOP 
Ramada , which first delayed and then *UNKED* a $ 400 million junk bond sale that was designed to help finance a restructuring , fell 15.6 % to close at 9 1\/2 . STOP 
Ramada has said it hopes to *UNK* a new restructuring plan but has n't indicated when it will do so . STOP 
Shares of American Medical International , which agreed last week to accept a lower price from a buy-out group that includes First Boston Corp. and the *CUNKER* family of Chicago , fell *UNKN* % on Friday to close at 20 . STOP 
The buy-out group is offering $ *UNKN* a share for 63 million American Medical shares , down from its offer in July of $ 28 a share for *UNKN* million shares . STOP 
But investment bankers say the market may have *UNK* some *UNKED* stocks . STOP 
*CUNK* *CUNKS* , for example , was among the *UNK-* issues , falling *UNKN* % to close at 85 , down 21 1\/2 on Friday . STOP 
*CUNK* currently is *UNKING* bids for a sale of part or all of its hotel and casino businesses . STOP 
People familiar with *CUNK* said over the weekend that the *UNK* of the sell-off in *CUNK* shares was *UNKED* because none of the likely buyers would be dependent on junk-bond financing . STOP 
However , they conceded that some potential bidders would rely on bank loans and would be hurt if the troubles of the UAL buy-out group *UNKED* a general *UNKS* among banks to provide credit for *UNKED* takeovers . STOP 
*CUNK* officials said they were n't worried about the drop in the company 's stock . STOP 
William *CUNK* , *CUNK* 's general counsel , said plans to consider a sale of the company or some of its assets are `` on track '' for what has been described previously as `` a slow and *UNK* process . '' STOP 
`` I ca n't believe that any potential buyer for *CUNK* would be affected by one day 's trading , '' Mr. *CUNK* said . STOP 
But the stock market as a whole , bolstered as it is by takeover speculation , remains vulnerable to any further *UNK* by takeover *UNKS* , both in the *UNK* market and among commercial banks . STOP 
For *UNK-* *UNKS* , `` the takeover game has been over for some time , '' says New York money manager *CUNK* *CUNK* of *CUNK* Capital , who has been keeping 85 % of his portfolio in cash . STOP 
`` The market is just *UNKING* up to that point . '' STOP 
*CUNK* *CUNK* in Los Angeles contributed to this column . STOP 
Of all the one-time expenses incurred by a corporation or professional firm , few are larger or longer term than the purchase of real estate or the signing of a commercial lease . STOP 
To take full advantage of the financial opportunities in this commitment , however , the corporation or professional firm must do more than negotiate the best purchase price or lease terms . STOP 
It must also evaluate the real-estate market in the chosen location from a new perspective . STOP 
*CUNKLY* , it must understand how real-estate markets *UNK* to *UNKS* in regional economies and then take advantage of these opportunities . STOP 
When a regional economy *UNKS* cold , the local real-estate market gets *UNK* . STOP 
In other words , real-estate market indicators , such as building permits and leasing activity , *UNK* much further than a local economy in recession . STOP 
This was seen in the late 1960s in Los Angeles and the *UNKS* in New York . STOP 
But the reverse is also true : When a region 's economy *UNKS* from a slowdown , these real-estate indicators will rebound far faster than the improving economy . STOP 
Why do local real-estate markets *UNK* to regional economic cycles ? STOP 
Because real-estate purchases and leases are such major long-term commitments that most companies and individuals make these decisions only when confident of future economic stability and growth . STOP 
Metropolitan Detroit was written off *UNKLY* during the early 1980s , as the domestic auto industry suffered a serious sales *UNKION* and adjustment . STOP 
Area employment dropped by 13 % from its 1979 peak and retail sales were down 14 % . STOP 
However , the real-estate market was hurt even more . STOP 
For example , residential building permits in the *UNK* year of 1982 were off 76 % from the 1979 peak level . STOP 
Once metropolitan Detroit 's economy rallied in the *UNKS* , real estate rebounded . STOP 
Building permits , for example , soared a *UNKING* 400 % between 1982 and the peak year of 1986 . STOP 
Where , *UNK* corporations and professional firms are now asking , are today 's opportunities ? STOP 
*CUNK* no further than metropolitan Houston and Denver , two of the most depressed , *UNK* and potentially *UNKED* real-estate markets in the nation . STOP 
Of course , some observers have *UNKED* Houston and Denver for the past five years as a *UNKAL* play . STOP 
But now appears to be the time to act . STOP 
Metropolitan Houston 's economy did drop and then *UNK* in the years after its 1982 peak . STOP 
In the *UNKS* , employment was down as much as 5 % from the 1982 peak and retail sales were off 13 % . STOP 
The real-estate market suffered even more severe *UNKS* . STOP 
Office construction dropped 97 % . STOP 
The vacancy rate soared more than 20 % in nearly every product category , and more than 30 % of office space was vacant . STOP 
To some observers , the empty office buildings of Houston 's `` *UNK-* *UNK* '' were *UNK* of a very troubled economy . STOP 
As usual , the real-estate market had *UNKED* . STOP 
*CUNKLY* , the region 's economy retained a firm foundation . STOP 
Metropolitan Houston 's population has held steady over the past six years . STOP 
And personal income , after *UNKING* in the *UNKS* , has returned to its 1982 level in real dollar terms . STOP 
Today , metropolitan Houston 's real-estate market is *UNKED* for a significant turnaround . STOP 
More than *UNKN* jobs were added in *UNK* Houston last year , primarily in biotechnology , petrochemical processing , and the computer industry . STOP 
This growth puts Houston in the top five *UNK* areas in the nation last year . STOP 
And forecasts project a 2.5 % to 3 % growth rate in jobs over the next few years -- nearly twice the national average . STOP 
Denver is another metropolitan area where the commercial real-estate market has *UNKED* to the region 's economic trends , although Denver has not experienced as severe an economic downturn as Houston . STOP 
By some measures , metropolitan Denver 's economy has actually improved in the past four years . STOP 
Its population has continued to increase since 1983 , the peak year of the economic cycle . STOP 
*CUNK* is now 4 % higher than in 1983 . STOP 
Buying income in real dollars actually increased 15 % between 1983 and 1987 -LRB- the most recent year available -RRB- . STOP 
The rates of increase , however , are less than the rapid growth of the boom years , and this has resulted in a loss of confidence in the economy . STOP 
In a *UNKING* *UNK* , therefore , the region 's real-estate market all but collapsed in recent years . STOP 
Housing building permits are down more than 75 % from their 1983 *UNKS* . STOP 
Although no one can predict when metropolitan Denver 's real-estate market will rebound , major public works projects *UNKING* several billion dollars are under way or planned -- such as a new convention center , a major *UNK* *UNKING* the metropolitan area , and a new regional airport . STOP 
When Denver 's regional economy begins to grow faster -- such a recovery could occur as early as next year -- business and consumer confidence will return , and the resulting *UNKION* of real-estate activity will *UNK* the general economic rebound . STOP 
What real-estate strategy should one follow in a metropolitan area whose economic health is not as easy to determine as Houston 's or Denver 's ? STOP 
*CUNKLY* , *UNK* in commercial real estate is dropping from its *UNKS* peak , even in such *UNKLY* healthy metropolitan areas as Washington , New York and Los Angeles . STOP 
*CUNK* rates in the 15 % to 19 % range today may easily rise to the low to *UNK-* % range in a couple of years . STOP 
Under these conditions , even a *UNKING* out of economic growth -- `` *UNKING* cold '' -- in the healthy metropolitan areas will create significant opportunities for corporations and professional service firms looking for *UNKS* as the *UNK* industry *UNKS* *UNK* . STOP 
Those looking for real-estate *UNKS* in *UNKED* metropolitan areas should lock in leases or buy now ; those looking in healthy metropolitan areas should take a short-term -LRB- three-year -RRB- lease and wait for the *UNKS* ahead . STOP 
Mr. *CUNKER* is managing partner of a real-estate advisory firm based in Beverly Hills , Calif . STOP 
*CUNK* Industrial Corp. said it expects its third-quarter net earnings to be between two cents and four cents a share , compared with 61 cents a share a year ago . STOP 
Analysts had been *UNKING* that the company 's earnings would be between 25 cents and 30 cents a share . STOP 
The year-earlier third-quarter earnings amounted to $ 4.1 million . STOP 
The company said a drop in activity in the *UNK* industry reduced sales volume at its two *UNKED* operations . STOP 
Also , the company said its commercial products operation failed to meet forecasts . STOP 
*CUNK* , a maker of *UNK-* truck and commercial *UNKION* equipment , said it expects its fourth-quarter earnings to be more closely in line with usual levels , which are between 30 cents and 50 cents a share . STOP 
*CUNK* *CUNK* asked both the Senate *CUNKS* Committee and the Justice Department to investigate $ 1 million in political *UNKS* by Arizona businessman Charles Keating to five U.S. senators who *UNKED* with *UNK-* regulators for him . STOP 
Mr. Keating is currently the subject of a $ 1.1 billion federal *UNKING* lawsuit *UNKING* him of *UNKING* off assets of a California thrift he controlled , Lincoln Savings & Loan Association , and driving it into *UNK* . STOP 
*CUNKED* *CUNKER* -- president of *CUNK* *CUNK* , the *UNKED* citizens lobby -- said Mr. Keating already has conceded attempting to buy influence with the lawmakers -- Democratic *CUNK* Dennis *CUNK* of Arizona , Alan Cranston of California , John Glenn of Ohio and Donald *CUNK* of Michigan ; and GOP Sen. John *CUNK* of Arizona . STOP 
Mr. *CUNKER* based this on a statement by Mr. Keating that was quoted in a Wall Street Journal story in April : `` One question ... had to do with whether my financial support in any way influenced several political figures to take up my cause . STOP 
I want to say in the most *UNK* way I can : I certainly hope so . '' STOP 
In a highly unusual meeting in Sen. *CUNK* 's office in April 1987 , the five senators asked federal regulators to ease up on Lincoln . STOP 
According to notes taken by one of the participants at the meeting , the regulators said Lincoln was gambling *UNKLY* with *UNKS* ' federally insured money and was `` a *UNKING* time *UNK* . '' STOP 
Mr. Keating had complained that the regulators were being too *OUS* . STOP 
The notes show that Sen. *CUNK* called the Federal Home Loan Bank Board 's regulations `` *UNKLY* unfair , '' and that Sen. Glenn insisted that Mr. Keating 's thrift was `` viable and profitable . '' STOP 
For the next two years , the Bank Board , which at the time was the agency responsible for *UNKING* thrifts , failed to act -- even after federal *UNKS* warned in May 1987 that Mr. Keating had caused Lincoln to become insolvent . STOP 
Lincoln 's parent company , American Continental Corp. , entered bankruptcy-law proceedings this April 13 , and regulators seized the thrift the next day . STOP 
The newly formed Resolution Trust Corp. , successor to the Bank Board , filed suit against Mr. Keating and several others on Sept. 15 . STOP 
Mr. Keating has filed his own suit , *UNKING* that his property was taken illegally . STOP 
The cost to taxpayers of Lincoln 's collapse has been estimated at as much as $ 2.5 billion . STOP 
*CUNKS* of the affair have become public gradually over the past two years , mostly as a result of reporting by several newspapers . STOP 
In the midst of his 1988 *UNKION* campaign , Sen. *CUNK* , chairman of the Senate Banking Committee , returned $ *UNKN* in contributions after a Detroit newspaper said that Mr. Keating had gathered the money for him about two weeks before the meeting with regulators . STOP 
Sen. *CUNK* , after months of *UNKING* off intense press criticism , returned $ *UNKN* only last month , shortly after the government formally accused Mr. Keating of *UNKING* Lincoln . STOP 
In addition , Sen. *CUNK* last week disclosed that he *UNKLY* had paid $ *UNKN* to American Continental as *UNK* for trips he and his family took *UNK* the corporate jet to Mr. Keating 's *UNKION* home at *CUNK* *CUNK* , the *CUNKS* , from 1984 through 1986 . STOP 
Sen. *CUNK* said he had meant to pay for the trips at the time but that the matter `` fell between the *UNKS* . '' STOP 
Mr. Keating , his family members and associates also donated $ *UNKN* to Sen. *CUNK* 's congressional campaigns over the years , according to press accounts . STOP 
But Sen. *CUNK* says Mr. Keating broke off their *UNK* *UNKLY* in 1987 , because the senator refused to press the thrift executive 's case as *UNKLY* as Mr. Keating wanted . STOP 
`` He became very angry at that , left my office and told a number of people that I was a *UNK* , '' Sen. *CUNK* recalls . STOP 
In July , California newspapers disclosed that Mr. Keating gave $ *UNKN* in corporate funds to three tax-exempt *UNKER* registration organizations in 1987 and 1988 at the *UNKEST* of Sen. Cranston , who conceded that *UNKING* the money was `` a pretty *UNK* thing to do politically . '' STOP 
In addition , Sen. Cranston received $ *UNKN* in campaign donations through Mr. Keating , and the California Democratic party received $ *UNKN* in corporate donations for a 1986 *UNK-* drive that benefited the senator 's *UNKION* campaign that year . STOP 
Also in July , Ohio newspapers disclosed $ 200,000 in corporate donations by Mr. Keating to the National Council on Public Policy , a political committee controlled by Sen. Glenn . STOP 
That was in addition to $ *UNKN* in direct campaign donations arranged by Mr. Keating to the Ohio senator . STOP 
Mr. *CUNKER* said the Senate *CUNKS* Committee should hire a special outside counsel to conduct an investigation , as was done in the case of former House Speaker James Wright . STOP 
Wilson *CUNK* , staff director of the ethics panel , would n't comment . STOP 
Sen. *CUNK* said he would cooperate with any inquiry , but that his conduct had been `` entirely proper . '' STOP 
Sen. *CUNK* said he had been `` deeply concerned '' at the time of the meeting that it might seem to be *UNKER* , but decided it was `` entirely appropriate '' for him to seek fair treatment for a *UNK* . STOP 
Sen. Glenn said he had already made a complete disclosure of his role in the affair and `` I am completely satisfied to let this matter rest in the hands of the Senate *CUNKS* Committee . '' STOP 
Sen. *CUNK* said , `` When all is said and done , I expect to be fully *UNKED* . '' STOP 
Sen. Cranston , who had already *UNKED* his help to the Federal Bureau of Investigation in any investigation of Mr. Keating , *UNKED* his role in 1987 as *UNKING* regulators to act . STOP 
`` Why did n't the Bank Board act sooner ? '' he said . STOP 
`` That is what *CUNK* *CUNK* should ask be *UNKED* . STOP 
*CUNK* Industries Inc. said it reached a preliminary agreement to manufacture 1,000 coal *UNK* cars for Norfolk Southern Corp . STOP 
*CUNK* estimated the value of the pact at more than $ 40 million . STOP 
*CUNK* said it plans to begin delivery of the *UNK* cars in the first quarter of 1990 . STOP 
It said the 1,000 *UNK* cars are in addition to the *UNKN* coal *UNK* cars *UNKLY* being produced for Norfolk Southern , a Norfolk , *CUNKED* railroad concern . STOP 
When China opened its doors to foreign investors in 1979 , toy makers from Hong Kong were among the first to *UNK* in . STOP 
Today , with about 75 % of the companies ' products being made in China , the chairman of the Hong Kong *CUNKS* Council , Dennis *CUNKING* , has suggested a new *UNKING* label : `` *CUNK* in China by Hong Kong Companies . '' STOP 
The toy makers were pushed across the border by rising labor and land costs in the British colony . STOP 
But in the wake of the *UNKS* in Beijing on June 4 , the Hong Kong toy industry is *UNKING* about its strong *UNK* on China . STOP 
Although the manufacturers stress that production has n't been affected by China 's political turmoil , they are looking for additional sites . STOP 
The toy makers , and their foreign buyers , *UNK* uncertainty about China 's economic and political policies . STOP 
`` Nobody wants to have all his eggs in one basket , '' says David *CUNK* , chairman and chief executive officer of International *CUNK* Group Ltd . STOP 
Indeed , *CUNK* and other leading Hong Kong toy makers were setting up factories in *CUNK* Asia , especially in *CUNK* , long before the massacre . STOP 
Their steps were partly prompted by concern over a deterioration of business conditions in southern China . STOP 
By *UNKING* supply sources , the toy makers do n't intend to withdraw from China , manufacturers and foreign buyers say . STOP 
It would n't be easy to *UNK* quickly the manufacturing capacity built up in southern China during the past decade . STOP 
A supply of cheap labor and the access to Hong Kong 's *UNK* , airport , banks and support industries , such as printing companies , have made China 's *CUNK* province a premier manufacturing site . STOP 
`` South China is the most competitive source of *UNKS* in the world , '' says Henry *CUNK* , executive director of *CUNK* *CUNKING* *CUNKS* Consolidated Ltd . STOP 
Hong Kong trade figures *UNK* the toy makers ' *UNK* on factories across the border . STOP 
In 1988 , exports of *UNKLY* produced *UNKS* and games fell 19 % from 1987 , to *CUNK* *UNKN* billion -LRB- US$ *UNKN* billion -RRB- . STOP 
But *UNKS* , mainly from China , jumped 75 % , to *CUNK* *UNKN* billion . STOP 
In 1989 's first seven months , domestic exports fell 29 % , to *CUNK* *UNKN* billion , while *UNKS* rose 56 % , to *CUNK* *UNKN* billion . STOP 
Manufacturers say there is no immediate substitute for southern China , where an estimated *UNKN* people are employed by the toy industry . STOP 
`` For the next few years , like it or not , China is going to be the main supplier , '' says *CUNK* Young , vice president of *CUNK* Enterprises Ltd. , one of the first big Hong Kong toy makers to move across the border . STOP 
In the meantime , as manufacturers and buyers seek new sites , they are focusing mainly on *CUNK* Asia . STOP 
Several big companies have established manufacturing joint ventures in *CUNK* , including *CUNK* , *CUNK* *CUNKING* and *CUNKER* Industrial Co. , the toy manufacturer headed by Mr. *CUNKING* . STOP 
Malaysia , the Philippines and *CUNK* also are being studied . STOP 
With the European Community set to remove its internal trade barriers in 1992 , several Hong Kong companies are beginning to consider Spain , *CUNKAL* and Greece as possible manufacturing sites . STOP 
*CUNKS* about China came just as Hong Kong 's toy industry was recovering from a 1987 sales slump and bankruptcy filings by two major U.S. companies , *CUNKS* of *CUNKER* Inc. and *CUNK* Industries Inc . STOP 
Hong Kong manufacturers say large debt *UNKS* and other financial problems resulting from the 1987 difficulties *UNKED* the local industry , causing it to *UNK* credit policies and financial management . STOP 
The industry *UNKS* last year and this year as a period of recovery that will lead to improved results . STOP 
Still , they long for a `` *UNK-* '' toy to *UNK* retail sales in the U.S. , Hong Kong 's biggest market for *UNKS* and games . STOP 
The *UNKEST* thing the colony 's companies have to a U.S. *UNK-* this year is the *CUNK* *CUNK* *CUNK* *CUNKS* series of action figures manufactured by *CUNKS* Holdings Ltd . STOP 
*CUNKED* in *UNK-* , the *UNK-* plastic *UNKS* are based on an American comic book and television series . STOP 
Paul *CUNK* , managing director of *CUNKS* , says 10 million *CUNK* *CUNKS* have been sold , *UNKING* the *UNK* *UNKS* among the 10 *UNKING* *UNKS* in the U.S. . STOP 
Should sales continue to be strong through the Christmas season , which accounts for about 60 % of U.S. retail toy sales , Mr. *CUNK* said the *CUNK* *CUNKS* could make 1989 a record sales year for *CUNKS* . STOP 
Other Hong Kong manufacturers expect their results to improve only slightly this year from 1988 . STOP 
Besides the lack of a *UNKING* product , they *UNK* the continued *UNK* of the U.S. market by *CUNK* Entertainment System , an expensive video game made by *CUNK* Co. of Japan . STOP 
*CUNK* buyers have little money left to spend on other products . STOP 
Many of the toy makers ' problems started well before June 4 as a result of *UNKED* infrastructure and Beijing 's *UNK* programs launched late last year . STOP 
*CUNK* makers complain that electricity in *CUNK* has been provided only three days a week in recent months , down from five days a week , as the province 's rapid *UNKION* has *UNKED* its *UNKING* capacity . STOP 
Manufacturers are *UNKING* *UNK* power plants . STOP 
Bank credit for China investments all but *UNKED* up following June 4 . STOP 
Also , concern *UNKS* that the *UNK-* Beijing leadership will *UNK* its control of *CUNK* , which has been the main laboratory for the *UNK-* policy and economic reforms . STOP 
But , toy manufacturers and other *UNKS* say Beijing will be *UNKED* from *UNKING* controls on *UNKED* southern China . STOP 
They say China 's trade deficit is *UNKING* and the country is too short of foreign exchange for it to *UNKER* production in *CUNK* . STOP 
`` The Chinese leaders have to decide whether they want control or whether the want exports , '' says Mr. *CUNK* of *CUNKS* . STOP 
The Bush administration , urging the Supreme Court to give states more *UNK* to restrict abortions , said *UNKS* have n't any right to abortion without the consent of their parents . STOP 
*CUNK* General Kenneth *CUNK* argued that the 1973 Supreme Court decision , *CUNK* vs. *CUNK* , *UNKING* a constitutional right to abortion , was *UNK* . STOP 
He also argued that the high court was wrong in 1976 to rule that *UNKS* have a right to abortion that ca n't be absolutely *UNKED* by their parents . STOP 
The administration 's position was *UNKED* in a *UNK-* brief filed in one of three abortion cases the Supreme Court will hear argued and will decide this term . STOP 
The administration filed the brief in an appeal involving a Minnesota law that requires that both parents of a minor be notified before she may have an abortion . STOP 
The administration urged the *UNKS* to adopt a legal standard suggested by Chief Justice William *CUNK* last July when the high court *UNK* Missouri 's abortion restrictions . STOP 
Under that standard , which *UNKED* the votes of only three of the nine *UNKS* , a state *UNKION* of abortion is constitutional if the state has a `` reasonable '' *UNKION* for *UNKING* it . STOP 
That is a much easier standard for a state to satisfy than the Supreme Court 's test since 1973 , which requires a state to have a `` *UNKING* '' reason for *UNKING* abortion . STOP 
On the provisions of the Minnesota law , the Bush administration said that requiring that both parents be notified is a reasonable regulation , and that there is no need to have an alternative that allows *UNKS* to go to court for a judge 's permission instead . STOP 
The case , *CUNK* vs. Minnesota , will be argued Nov. 29 . STOP 
*CUNK* Co. of America , hit hard by the strength of the dollar overseas , said net income for the third quarter dropped *UNKN* % to $ *UNKN* million , or $ *UNKN* a share . STOP 
The nation 's No. 1 aluminum maker earned $ *UNKN* million , or $ *UNKN* a share , a year earlier . STOP 
Revenue rose 11 % to $ *UNKN* billion from $ *UNKN* billion . STOP 
Analysts , who were expecting *CUNK* to post around $ *UNKN* to $ 3 a share , were surprised at the lackluster third-quarter results . STOP 
`` It 's disappointing , '' said William *CUNK* , an analyst with Smith Barney , Harris Upham & Co . STOP 
Much of the earnings decline was led by *UNK-* rate adjustments , which affected the bottom line by $ *UNKN* million , or 17 cents a share , compared with $ 3.6 million , or four cents a share , the previous year . STOP 
*CUNKER* prices for aluminum *UNKS* and certain *UNK* products and a shift in the product mix also contributed to lower earnings , the company said . STOP 
`` In addition , costs were higher partly due to scheduled plant *UNKS* for *UNKION* work , '' the company said . STOP 
Excluding the higher tax rate , which rose two percentage points to 38 % , and the negative exchange rate adjustment , the company would have met analysts ' expectations , said R. Wayne *CUNK* , an analyst with Goldman , Sachs & Co . STOP 
*CUNKING* that the third quarter is usually the aluminum industry 's *UNKEST* , Mr. *CUNK* added , `` the third quarter is never a *UNK* up period for them anyway . '' STOP 
Nevertheless , the company said shipments were up slightly to *UNKN* metric tons from *UNKN* , *UNKING* the impact of the unexpected earning decline . STOP 
The results were announced after the stock market closed . STOP 
In New York Stock Exchange composite trading Friday , *CUNK* closed at $ 72 a share , down $ *UNKN* , in a sharply lower market . STOP 
For 20 years , federal rules have *UNKED* the three major television networks from *UNKING* in one of the most lucrative and *UNKING* parts of the television business . STOP 
And for six years , NBC , ABC and CBS have negotiated with Hollywood *UNKS* in a *UNK* attempt to change that . STOP 
But with foreign companies *UNKING* up U.S. movie *UNKS* , the networks are pressing their fight harder than ever . STOP 
They hope the foreign deals will *UNK* the Hollywood opposition and *UNK* Congress to push for ending federal rules that *UNK* the networks from *UNKING* a piece of *UNK* sales and owning part of the shows they put on the air . STOP 
Even network executives , however , admit privately that victory -- either in Congress or in talks with the *UNKS* -- is highly *UNK* any time soon . STOP 
And so the networks also are pushing for new ways to *UNK* the `` *UNK-* '' provisions , known formally as the Financial Interest and *CUNKION* *CUNKS* . STOP 
That became clear last week with the disclosure that National Broadcasting Co. , backed by the deep *UNKS* of parent General Electric Co. , had tried to help fund Qintex Australia Ltd. 's *UNKED* $ 1.5 billion bid for MGM\/UA Communications Co . STOP 
NBC 's interest may revive the deal , which MGM\/UA killed last week when the Australian concern had trouble raising cash . STOP 
Even if that deal is n't revived , NBC hopes to find another . STOP 
`` Our doors are open , '' an NBC spokesman says . STOP 
NBC may yet find a way to take a *UNK* , minority interest in a *UNKER* without violating the rules . STOP 
And any NBC effort could prompt CBS Inc. and ABC 's parent , Capital *CUNK* Inc. , to look for ways of *UNKING* the *UNK-* regulations . STOP 
But the networks ' push may only *UNK* an increasingly bitter *UNK* between them and Hollywood *UNKS* . STOP 
Both sides are to sit down next month for yet another meeting on how they might agree on reducing *UNK-* *UNKS* . STOP 
Few people *UNK* to the talks expect the *UNKS* to *UNK* . STOP 
The networks still are `` *UNKED* in their authority '' over what shows get on the air , charges *CUNKION* *CUNK* Association President Jack *CUNK* , the most *OUS* *UNK* of *UNKING* the rules . STOP 
*CUNKS* are `` *UNKS* '' to get shows in prime-time *UNKS* and keep them there long enough to go into lucrative *UNK* sales , he contends . STOP 
And that 's why the rules , for the most part , must stay in place , he says . STOP 
*CUNK* executives in on the talks - including officials at Paramount Communications Inc. , *CUNKS* Entertainment Inc. , Warner Communications Inc. and MCA Inc. -- declined to be interviewed . STOP 
But Mr. *CUNK* , who represents the *UNKS* , asserts : `` The whole production industry , to a man , is on the side of *UNKING* '' the rules . STOP 
Such *UNKS* leave network officials all the more *UNK* that the *UNKS* will *UNK* . STOP 
`` They do n't seem to have an incentive to negotiate , '' says one network executive . STOP 
`` And there 's no indication that Washington is prepared to address the rules . STOP 
That 's the problem , is n't it ? '' STOP 
Indeed it is . STOP 
Congress has said repeatedly it wants no part of the mess , urging the *UNKS* and the networks , which license rights to air shows made by the *UNKS* , to work out their own compromise . STOP 
But recent developments have made the networks -- and NBC President Robert Wright , in particular -- ever more *UNK* that the networks must be *UNKED* to survive . STOP 
The latest *UNKION* : Sony Corp. 's plan to acquire Columbia Pictures Entertainment Inc. for $ 3.4 billion , and to buy independent producer Guber Peters Entertainment Co. for $ 200 million . STOP 
`` I wonder what Walter *CUNK* will think of the *CUNK* *CUNK* System *CUNK* *CUNKING* News with Dan Rather broadcast *UNKLY* from Tokyo , '' wrote *CUNK* *CUNK* , an NBC vice president , in a *UNK* in last week 's issue of Broadcasting magazine . STOP 
In his article , Mr. *CUNK* , who was in Europe last week and unavailable , complained that the `` *UNK* *UNKS* '' in *UNK-* rules have `` contributed directly to the acquisition of the *UNKS* by non-U.S. enterprises . STOP 
'' -LRB- He did n't mention that NBC , in the meantime , was hoping to assist Australia 's Qintex in buying STOP 
An NBC spokesman *UNKS* that Mr. *CUNK* 's *UNK* was `` entirely consistent '' with NBC plans because the U.S. rules would limit NBC 's involvement in the Qintex deal so severely as to be `` light years away from the type of *UNKED* deals available to Sony -- and everyone else except the three networks . '' STOP 
The Big Three 's *UNK* for deregulation began *UNKING* in the summer when the former Time Inc. went ahead with plans to acquire Warner . STOP 
Although Time already had a long-term contract to buy movies from Warner , the merger will let Time 's largely *UNKED* *UNK-* channel , Home *CUNK* Office , own the Warner movies *UNKED* on HBO -- a *UNKAL* integration that is effectively blocked by *UNK-* regulations . STOP 
NBC 's Mr. Wright led the way in *UNKING* the networks ' *UNK* to match a *CUNKER* combination . STOP 
He spoke up again when the Sony bid for Columbia was announced . STOP 
Since NBC 's interest in the Qintex bid for MGM\/UA was disclosed , Mr. Wright has n't been available for comment . STOP 
With a Qintex deal , NBC would move into *UNKED* territory -- possibly raising *UNKS* at the *UNKS* and in Washington . STOP 
`` It 's never really been tested , '' says William *CUNK* III , who as a top CBS executive spent years lobbying to have the rules lifted . STOP 
He now runs Policy Communications in Washington , consulting to media companies . STOP 
*CUNK-* rules do n't *UNKLY* block a network from buying a *UNK* , small stake in a company that profits from the *UNK* *UNKION* networks ca n't enjoy . STOP 
*CUNK* , NBC might be able to take , say , a 5 % stake in a company such as MGM\/UA . STOP 
If the transaction raised *UNKS* , the studio 's *UNKION* operations could be *UNK* off into a separate firm in which the network does n't have a direct stake . STOP 
But such *UNKS* would still block the networks from *UNKING* a big chunk of the *UNKS* of *UNKION* . STOP 
Under current rules , even when a network fares well with a *UNKED* series -- ABC , for example , made a killing in broadcasting its popular *UNK* `` *CUNKING* '' -- it is n't allowed to share in the continuing proceeds when the *UNKS* are sold to local stations . STOP 
Instead , ABC will have to sell off the rights for a one-time fee . STOP 
The networks admit that the chances of getting the relief they want are *UNK* -- for several years at the least . STOP 
*CUNK* years ago they were *UNKLY* close . STOP 
The *CUNK-* Federal Communications Commission had ruled in favor of killing most of the rules . STOP 
*OUS* evidence , including a *CUNKS* *CUNKION* study of some 800 series that the networks had *UNKED* and had partly owned in the 1960s , showed the networks did n't *UNK* *UNUNK* control over the *UNKS* as had been alleged . STOP 
But just eight days before the rules were to die , former President Ronald Reagan , a one-time actor , *UNKED* on behalf of Hollywood . STOP 
The FCC effort collapsed . STOP 
The networks and *UNKS* have *UNKED* ever since . STOP 
Network officials involved in the studio talks may hope the foreign *UNK* *UNKS* more support in Washington , but that seems unlikely . STOP 
In Congress , the issue *UNKS* : It 's about money , not program quality , and Hollywood has lots of clout given its fund raising for senators and representatives *UNKING* the issue . STOP 
A spokesman for Rep. Edward J. *CUNK* -LRB- *CUNK-* -RRB- , who heads a subcommittee that oversees the FCC , says Mr. *CUNK* feels `` the world has been forever changed by the *CUNK-* deal . '' STOP 
But he said Mr. *CUNK* hopes this *UNKS* the networks and *UNKS* to work it out on their own . STOP 
And at the FCC , meanwhile , new Chairman Alfred C. *CUNKS* has said he wants the two sides to *UNKER* out their own plan . STOP 
Recognition Equipment Inc. said it settled a civil action filed against it by the federal government on behalf of the U.S. *CUNKAL* Service . STOP 
The government sued the company in April , seeking $ *UNKN* and other unspecified damages related to an alleged *UNKING* scheme . STOP 
The suit named the company , former chief executive officer William G. Moore Jr. , former vice president Robert W. *CUNK* and five defendants who were n't part of the company . STOP 
The suit charged the defendants with causing Peter E. *CUNKS* , an *UNKER* of the *CUNKAL* Service board of *UNKS* , to accept $ *UNKN* in *UNKS* , *UNKS* and *UNKS* . STOP 
Mr. *CUNKS* was previously sentenced to four years in prison and fined $ *UNKN* for his role in the scheme . STOP 
In the agreement , Recognition agreed to pay the government $ 20,000 in return for the release of all claims against the company , Mr. Moore and Mr. *CUNK* . STOP 
The five additional defendants were n't parties to the settlement . STOP 
A trial on criminal allegations against the company and the same two former executives began Sept. 27 in federal court for the District of Columbia . STOP 
They were indicted last October on charges of fraud , theft and conspiracy related to an effort to win $ 400 million in *CUNKAL* Service equipment contracts by the maker of data management equipment . STOP 
The company and its executives deny the charges . STOP 
In a related development , Recognition Equipment said the *CUNKAL* Service has *UNKED* the company from bidding on *UNKAL* contracts for an additional 120 days . STOP 
The *CUNKAL* Service originally suspended the company Oct. 7 , 1988 , and has been renewing the ban ever since . STOP 
The company said it will continue to pursue a *UNKING* of the suspension . STOP 
Intel Corp. reported a 50 % drop in third-quarter net income , partly because of a one-time charge for discontinued operations . STOP 
The big semiconductor and computer maker , said it had net of $ 72 million , or 38 cents , down 50 % from $ *UNKN* million , or 78 cents a share . STOP 
The lower net included a charge of $ 35 million , equal to 12 cents a share on an after-tax basis , for the cost of *UNKING* a *UNKS* joint venture with *CUNKS* AG of West Germany . STOP 
*CUNKING* also fell from the year-ago period because of slowing *UNK* demand . STOP 
Sales amounted to $ *UNKN* million , down 1.7 % from $ *UNKN* million . STOP 
Intel 's stock rose in early over-the-counter trading Friday , as investors appeared *UNKED* that the company 's income from continuing operations was only slightly below the second quarter 's earnings of $ *UNKN* million , or 53 cents a share , and that sales actually exceeded the $ *UNKN* million for the second period . STOP 
But Intel later *UNKED* to the stock market 's plunge , closing at $ *UNKN* , down $ *UNKN* . STOP 
In August , Intel warned that third-quarter earnings might be `` flat to down '' from the previous period 's because of slowing sales growth of its *UNKN* *UNK* , start-up costs associated with a line of computers and costs of preparing for mass shipments of the company 's new *UNKN* chip in the current quarter . STOP 
On Friday , Andrew *CUNK* , Intel president and chief executive officer , said `` Intel 's business is strong . STOP 
Our *UNKS* improved as the quarter *UNKED* and September was especially good . STOP 
For the full quarter , our *UNKS* were higher than the previous quarter , and our *UNK-* ratio exceeded *UNKN* . '' STOP 
For the nine-month period , Intel reported net of $ *UNKN* million , or $ *UNKN* a share , down 27 % from $ *UNKN* million , or $ *UNKN* a share . STOP 
Revenue amounted to $ *UNKN* billion , up slightly from $ *UNKN* billion . STOP 
Walter *CUNK* and the African National Congress came home yesterday . STOP 
After 26 years in prison , Mr. *CUNK* , the *UNK-* former *UNKAL* of the *UNKION* movement , was dropped off at his house by a prison services ' van just as the *UNK* was coming up . STOP 
At the same time , six ANC colleagues , five of whom were arrested with him in *UNKN* and sentenced to life *UNK* , were *UNKED* with their families at various places around the country . STOP 
And as the *UNKING* men returned to their homes , the ANC , *UNKED* in South Africa since 1960 and still considered to be the chief public *UNK* by the white government , *UNKLY* returned to the streets of the country 's black *UNKS* . STOP 
A huge ANC flag , with black , green and gold *UNKS* , was *UNKED* over the *UNK* *UNK* at Mr. *CUNK* 's modest house , while on the street out front , *UNKS* *UNKED* the ANC *UNKS* on their *UNKS* , *UNKS* and *UNKS* . STOP 
At the small *UNK-* home of *CUNKS* *CUNK* , a leading ANC *UNUNK* and a former *UNKER* in the group 's *UNKED* *UNKING* , *CUNK* we *CUNK* , *UNKS* stuck little ANC *UNKS* in their hair and a man *UNKED* on an *UNK* *UNK* *UNKED* in ANC *UNKS* . STOP 
`` I am happy to see the spirit of the people , '' said Mr. *CUNK* , looking *UNKER* in a new gray suit . STOP 
As the crowd outside his home *UNKED* `` ANC , ANC , '' the old man shot his *UNKS* into the air . STOP 
`` I 'm inspired by the mood of the people . '' STOP 
Under the laws of the land , the ANC remains an illegal organization , and its headquarters are still in *CUNK* , *CUNK* . STOP 
But the *UNUNK* release of the seven leaders , who once formed the intellectual and *UNKAL* core of the ANC , is a de *UNK* *UNKING* of the movement and the *UNK* of its internal *UNKING* . STOP 
`` The government can never put the ANC back into the *UNK* again , '' said *CUNK* *CUNK* , a veteran *UNK-* activist on hand to welcome Mr. *CUNK* . STOP 
`` *CUNKS* have gone too far for the government to stop them now . STOP 
There 's no turning back . '' STOP 
There was certainly no *UNKING* the *UNK* of ANC *UNKION* last night , when hundreds of people *UNKED* into the *CUNKLY* Cross *CUNK* Church in *CUNK* for what became the first ANC rally in the country in 30 years . STOP 
*CUNKING* *UNKS* of `` ANC '' and `` *CUNK* we *CUNK* '' shook the church as the seven aging men vowed that the ANC would continue its fight against the government and the policies of racial *UNKION* on all *UNKS* , including the *UNKED* struggle . STOP 
And they called on the government to release Nelson *CUNK* , the ANC 's leading figure , who was *UNKED* with them and remains in prison . STOP 
Without him , said Mr. *CUNK* , the *UNKING* of the others `` is only a *UNK-* . '' STOP 
President *CUNK* de *CUNK* released the ANC men -- along with one of the *UNKING* members of the Pan *CUNK* Congress , a rival *UNKION* group -- as part of his efforts to create a climate of trust and peace in which his government can begin negotiations with black leaders over a new *UNKION* aimed at giving blacks a voice in national government . STOP 
But *CUNK* may instead be creating a climate for more turmoil and uncertainty in this *UNKLY* divided country . STOP 
As other *UNK* governments , particularly Poland and the Soviet Union , have recently discovered , initial steps to open up society can create a momentum for radical change that becomes difficult , if not impossible , to control . STOP 
As the days go by , the South African government will be ever more hard pressed to justify the continued *UNK* of Mr. *CUNK* as well as the continued banning of the ANC and enforcement of the state of emergency . STOP 
If it does n't yield on these matters , and eventually begin talking directly to the ANC , the expectations and promise raised by yesterday 's releases will turn to *UNK* and *UNKEST* . STOP 
If it does , the large number of *UNKING* whites , who oppose any concessions to the black majority , will step up their *UNKION* and threats to take matters into their own hands . STOP 
The newly released ANC leaders also will be under enormous pressure . STOP 
The government is watching closely to see if their presence in the *UNKS* leads to increased *UNK-* protests and violence ; if it does , *CUNK* will use this as a reason to keep Mr. *CUNK* behind *UNKS* . STOP 
*CUNK* has n't *UNK* why they were all sentenced to life *UNK* in the first place : for *UNK* and conspiracy to *UNK* the government . STOP 
In addition , the government is *UNKING* that the releases could create a split between the internal and *UNKAL* *UNKS* of the ANC and between the newly *UNKED* leaders and those activists who have emerged as leaders inside the country during their *UNK* . STOP 
In order to head off any divisions , Mr. *CUNK* , in a meeting with his colleagues before they were released , *UNKED* them to report to the ANC headquarters in *CUNK* as soon as possible . STOP 
The men also will be faced with *UNKING* the generation gap between themselves and the country 's many *UNK* black *UNKS* , the so-called young *UNKS* who are anxious to see the old *UNKS* in action . STOP 
Says Peter *CUNK* , president of the South African *CUNK* Congress : `` We will be expecting them to act like leaders of the ANC . '' STOP 
They never considered themselves to be anything else . STOP 
At last night 's rally , they called on their *UNKS* to be firm , yet *UNKED* , in their opposition to apartheid . STOP 
`` We *UNK* discipline because we know that the government is very , very sensitive , '' said Andrew *CUNK* , another early *CUNK* leader who is now 63 . STOP 
`` We want to see Nelson *CUNK* and all our *UNKS* out of prison , and if we are n't *UNKED* we may not see them here with us . STOP