Geimann Report XV



Internal report to UPI employees circa 1992 from former UPI executive Steve Geimann:

UPI-Newser 9-19

(This file is regularly updated for all to read. Our goal is a fresh edition every Friday. Your contributions are needed. We need editorial, sales and people items. Please send them to Geimann-WA via nzm.)

Update

Work continues to resolve debts from o-l-d UPI.

The U.S. Bankruptcy Court in New York this past week approved plans to pay stringers for work from Aug. 28, 1991, through June 27, 1992. This is a slight change from earlier plans.

It was thought post-petition debts would be resolved after the pre-petition process. The judge this week approved plans to make the payments now.

Checks for these stringers should be mailed within the next few weeks. These are stringers who worked prior to the sale of o-l-d UPI to Middle East Broadcasting Centre Ltd. of London.

Each stringer will receive, along with the check, a paper from the bankruptcy court advising that by cashing the check, they agree that they are owed no additional money from UPI. If they believe o-l-d UPI owes them more, there are instructions that explain how to claim the additional cash.

In the event a stringer contests the amount, an administrative claim will be filed for the full amount.

NXF Mobilizes for Currency Collapse

When Europe's currency system unraveled this week, UPI reporters around the globe jumped right in and tackled one of the most complicated financial stories in recent history. Many Unipressers entered the perplexing world of ERMs and ECUs for the first time but got right down to basics and spelled out in simple terms the high costs for Europe of underwriting German unification. Our coverage was outstanding and comprehensive. Veteran Charlie Ridley in Rome kicked off the story and followed the developing crisis in Italy throughout the week. Heather Prentice in London covered the Bank of England's unprecedented interest rate hikes and sudden reductions. Eve Tahmincioglu in New York Financial got confirmation from Stockholm of Sweden's move to raise its key interest rate to a whopping 500 percent. Also in New York Financial, Frank Schnaue tracked the global stock markets' frenzied reaction and Virginia Randall monitored the foreign exchange markets. Business Editor Roz Liston handled Britain's withdrawal from the European Monetary System Wednesday evening. Paul Basken in London filed early Thursday on the EC finance ministers' decision to let the British pound and Italian lira float free. Giles Tremlett in Madrid covered Spain's 5 percent devaluation of the peseta. Eduardo Cue in Paris turned out an analysis piece and a string of spot stories on the upcoming French referendum on the Maastricht Treaty on European unity, which was behind much of the financial chaos. In Thursday's main lead, Peter Shadbolt in London said the crisis "effectively ended the dream of a centrally controlled European currency and eventual European union. Ruth Youngblood in Tokyo reported on Japan's reaction to the turmoil in Europe. Jack Lesar in Chicago explored what the crisis means for Americans and Tom Ferraro at the White House reported an edgy Bush administration was keeping a close watch on the financial instability in Europe. Latin American Editor Herman Beals covered the head of the IMF, who expressed confidence the EC would pul through the monetary crisis. Treasury reporter Jeff Bater headed into a busy weekend with the finance ministers of the world's seven largest industrial nations slated to meet in Washington on the tumult in the currency markets.

Free Flow From Foreign Features

A number of outstanding features were produced in the Europe, Middle East and Africa division this week. All got good play at home and overseas. Among them:

-- Eduardo Cue in Paris did a definitive size-up of the forthcoming French vote on the Maastricht Treaty on European union, explaining the arguments and the lingering fears of once-warring nations seeking to unite.

-- Jonathan Landay in Sarajevo took time out from covering the shooting war in Bosnia-Hercegovina for a story on another war - against disease - by dogcatchers rounding up an increasing number of hungry, stray dogs.

-- Natela Sjeklocha operating out of Belgrade went to Trebinje in Bosnia-Hercegovina for a feature on an unlikely alliance of Serbian and Muslim Slavs fighting Croatian forces in eastern Hercegovina.

-- Eric Fenster in Cairo produced a report on Egyptian government efforts to clean up pollution in the world's longest river.

-- Laney Salisbury in Amman took the occasion of the return of King Hussein from cancer surgery in the U.S. to examine his popular hold on Hashemite Kingdom after 40 years of rule.

- - John Parry in Geneva previewed a forthcoming vote on tunnel construction that ultimately could have the most profound political impact on the country since Napoleonic times.

- - Lulzim Cota in Tirana offered a sad view of the state of education in post-communist, post-isolationist Albania where teachers work for $24 a month in schools without windows, furniture, books or pencils.

-- Jennifer Packer working from Jerusalem went to Ariel in the Israeli-occupied West Bank for a close-up look at how Israeli settlers are dealing with the possible prospect of return of Arab lands in a peace settlement.

Bosnia War Tests Landy, UPI Team

UPI continues to upgrade its capability to cover the war in Bosnia-Hercegovina, with the establishment and equipping of a bureau in the capital of Sarajevo. Jonathan Landay has been there, on his most recent trip to the war zone, since Aug. 21. Starting from scratch, he has set up a secure office and has been pouring out excellent spot coverage and features non-stop.

In addition to the daily dangers of artillery bombardments and sniper fire, Jon has had to endure power outtages and lack of water for days at a time. On top of all the personal dangers and privations, communications has been diffcult. Normal telephone links to, who will return to Belgrade for some well-deoute to Sarajevo, Basken will help set up Zagreb stringer Laura Pitter to file by computer directly into the UPI system (up to now her reports have come into This set-up will allow UPI for the first time covering this conflict, to have Zagreb, Sarajevo and Belgrade linked electronically. Until now, the various points use London as a relay point. It should provide for faster communication all-around and further enhance our already superb coverage there.

On top of the heavy coverage from the battlefronts and the key capitals in the Balkan conflict, the incredible Yugo team also is producing excellent chess coverage of the rematch and Boris Spassky from Sveti Stefan, Montenegro, where Isadora Blaze is providing the play-by-play for UPI.

China Embarks on Modernizing Military

Corespondent Sid Balman reports Beijing has secretly launched a campaign to acquire and develop conventional weapons that will allow it to assert territorianeral-rich islands in the South China Sea.

In 1,000-word investigative article, Balman wrote the modernization of the People's Liberation Army involves the deonventional long-range missile and vertical-lift planes. Also involved are the purchase of an aircraft carrier, advanced fighter-bombers and in-flight refuelinBeijing's partners in this endeavour are the Ukraine, Russia and - much to the chagrin of the Bush administration - Iran.

Once all the components are in place as early as 1997, Beijing will be able to protect its disputed claim to the Spratly and Paracel Islands in the South China Sea.

Top Message

Best message to Minnesota Editor Chuck Debevec in St. Paul:

"ms strib tdy carries rox correction on transpolant success rates. sez rox erroneously reported kidney transplansplant figures. unknow if they were wrong fer all 50 states but nupe carries corrected lists fer minn, nodak et wis. of coufrse, upi ididn't carry state-by-s as eye know. debevec-ws."

That's what I call the oops dept.

Sharp Eyed Stringer

Detroit stringer Al Koski broke the story Tuesday that Dr. Jack present his case for physician-assisted suicide in an historic meeting with the Michigan State Medical Society.

Al spotted mention of the meeting in a societven him by his wife, a nurse.

He called Kevorkian and his lawyer and phoned in a story which became huge for broadcasters and daily newspapers after we had it.

Click Marries Former D.C. Reporter

Regional Editor Carolyn Click in Richmond, Va., married former Washington Times reporter Jay Taylor on Sept. 1f western Virginia.

Click, a 10-year UPI veteran and card-carrying (Shenandoah) valley girl, will spent some time at the beach, return to work, then honeymoon

Click says she is sorry she will likely miss one of the biggest Virginia stories of the year: the expected indictment of Sen. Chuck Robb.

Welcome

Stephen Buel has joined the UPI National Staff to cover the Bill Clinton presidential campaign.

Buel, based in Little Rock, Ark., will focus on the campaign and will, from time to time, travel on Elvis One, the Clinton plane.

He also helped found and ran Spectrum Weekly, a Little Rock arts newsp for Albany and Berkeley, Calif., newspapers.

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