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The Detroit Vol THE DETROIT VOL. 3 NO. 46 75 CENTS CONTINUING THE STRUGGLE FOR JUSTICE AND CONTRACTS ©TDSJ Sinking Japan’s economic woes ripple through By John Lear ago of a powerful Japan overtaking a Journal Tokyo Bureau declining United States, might be OKYO — With the recent tempted to see those woes as cause for sharp and rapid declines incelebration. the U.S. stock market, it’s not But like it or not, the economic fates hard to imagine that the wail­of Japan and the United States are Ting of American investors couldintertwined. be The Pacific Rim, domi­ heard halfway around the globenated in by Japan, accounts for 27.5 per­ Japan. cent of U.S. trade; more than any But that wailing won’t generateother region, ahead of western Europe much sympathy in the world’s second-and of Canada. largest economy, where falling values of assets such as stocks and realU.S. economy feels the drag estate are old and unwelcome news. When the Japanese economic Consider that the Nikkei Stockengine, which drives Asia, sputters, Average, the benchmark of Japan’sthe prospects for a bigger global pie markets, recently dipped belowdiminish. That acts as a brake on the 14,000 points to its lowest mark powerfulin U.S. economy. more than 12 years. Even more so, it is a powerful drag That meant that the stock marketon what had been the fast-growing had retreated below where it was economies of Asia. when Japan’s rapid rise began inThose economies had been a mag­ 1986, a time when pundits aroundnet the for outside investment and pro­ globe — and particularly in Americavided much of the hope for growth of — were declaring the economic racemajor multinational companies, such over and Japan the winner. as the U.S. automakers in metro Detroit, cereal giant Kellogg Co., in At its December 1989 peak, the Journal photo by GEORGE WALDMAN Nikkei average had scaled the heightsBattle Creek and appliance power­ of 38,916. But such speculativehouse Whirlpool Corp., in BentonA lVT?in H T lf l Dr- Charles Wright, founder of the newly renamed wealth is now a distant memory. Harbor. , . j Charles H. Wright Museum of African American History, By 1991, real estate had begun toAnd things are not likely to change dream celebrates his 80th birthday at the museum. See Page 3. tumble as well. Prices of property insoon. Moody’s Investors Service, the urban areas such as Tbkyo and OsakaU.S. credit-rating agency, recently have fallen to less than half of whatsaid in a report on Japanese corpora­ INSIDE they were when Japan’s bubble econ­tions that they “are just now starting omy burst. Property owners, rangingto recognize that they now face some­ from the biggest banks to individualthing they have never faced before:SPORTS Classifieds Page 23 homeowners, have been left with realwidespread deflationary pressure. Eric Pate says the Lions’ season is in tat­ Crossword Page 24 estate worth less than the mortgageTheir revenues have come under pres­ters. The only quarterback who can lead owed on it. sure as a result of the Asian crisis; them to the playoffs is third-string. The Editorials Page 6 lb understand that pair of crushingdrops in the real estate and stock coach is bearing a strong resemblance to blows is to have the basis for under­markets have generated capital loss­ Wayne Fontes and if they manage to lose Entertainment Page 7 standing a lot of the economic woeses, of and consumer confidence has to Tampa Bay on Monday night, they canMovie Guide Page 21 Japan. Some Americans, remember­ start thinking full time about next year. ing the predictions just a few yearsSee JAPAN, Page 5 See Page 28. Horoscope Page 22 SUNDAY MORNING/AFTERNOON SEPTEMBER 27, 1998 | 8:00 8:30 9:00 9:30 10:00 10:30 11:00 11:30 12:00 12:30 1:00 1:30 2:00 2:303:30 3:00 4:00 4:30 I FOX 0Eyewitness Weekend Fox News Sunday Lions Rept | Football Fox NFL Sunday BE NFL Football: Green Bay Packers at Carolina Panthers. (In Stereo Live) 13 NFL Football BE NBC ONewsbeat Today Sunday |Today (In Stereo) BE Newsbeat |OpenHous Meet the Press BE Paid Prog. Paid Prog. With Style | Garden Movie: “Perry Mason: The Case of the Fatal Fashion" Movie: “Tank Girl" (1995) ABC o (7:30) News Good Morning America |Hth-Living Matlock "The Cover Girl" Siskel This Week BE Spotlight Baby Boomers M atlock (In Stereo) BE jM ovie: * * 1/ 2 “Mommie Dearest"( 1981, Drama) CBC o Cottage Gardener Coronation Street (R) Gullage’s Gullage’s 50 Up BE Alive! BE Major League Baseball: Detroit Tigers at Toronto Blue Jays. (Live) BE Adrienne Clarkson W B © Kennedy Children Victory Paid Prog. Monkey Zorro BE Laverne BoyWorld Movie: **’/ 2 “Teenage Mutant Ninja Turtles" (1990) Acapulco H.E.A.T. BE |Today’s Woman Baywatch BE UPN SD Church of Today Beetleborgs Hulk X-Men BE Spider-Man Step-Step Fresh Pr. Movie Movie Movie PBS © Composers’ Specials BE Noddy BE Parenting AutoLine Editor To Our Credit: Banking Contrary | McLaughlin OffRec’rd 1 Religion Movie: * * * ' / 2 “Charade” (1963, Mystery) Cary Grant. Sports-Screen CBS m Paid Prog. | Detroit Sunday Morning BE Face Nation Replay [ Spartan NFL Today BE NFL Football: Regional Coverage NFL | “Great Ice" A&E (7:00) Movie: ‘‘JimThorpe" | Breakfast With the Arts Open Book Biography This Week (R) |Mysteries of the Bible (R) |Movie: ★★** "The Big Chill" ( 1983) Tom Berenger. |Movie: * * * ’/2 “Body H e a t"(1981) William Hurt. AMC M ovie: “ The Curse o f the Cat People" |Movie: **% "Gunsmoke" [1953) Movie: “ The Angry Red Planet" (1959) Movie:“ Tarzan the Magnificent" (1960) Movie: *★ * "The World in His Arm s" (1952) 13 “Getting Up" , BET Brkthrgh Blessing Bobby Jones Gospel Gospel Lead Story Heart |Book | Business Paid Prog. | Paid Prog. Paid Prog. Paid Prog. |PaidProg. | Paid Prog. | Paid Prog. Paid Prog. Paid Prog. 1 3RAVO Paid Prog. Paid Prog. Paid Prog. Paid Prog. Paid Prog. Paid Prog. Movie: “Chantons Sous L’Occupation"Expose “Junket Whores" Movie: **★ “ The Best Intentions" (1992, Drama) Samuel Froler, Pernilla August. ArtsMinds 1 COM (7:00) Movie: “The Toy" Odd Couple Odd Couple Make-Laugh Make-Laugh Saturday Night Live BE Movie: * * "The Couch Trip" (1987) Dan Aykroyd. Movie: * * '/ 2 “Ghostbusters II" ( 1989, Comedy) Bill Murray. “ The Toy" \ DISC Paid Prog. Paid Prog. Boneheads Zooventure Real Kids A.R.K. Movie |Jaws-Claws Movie | News Powers | Mysterious Animal X |Unknown Shadows of the Forest Egypt Uncovered (R) E! One Day One Day Talk Soup (R) News Weekend (R) Making of a Child Star Talk Soup (R) Gossip (R) News Weekend (R) Emmy-Fashion Fashion Behind ESPN ESPNews NFL Sportsweekl) Reporters Sportsctr. Sunday NFL Countdown Auto Racing: NASCAR Winston Cup -- NAPA AutoCare 500. (Live) BE Baseball FAM Bobby Mr. Bogus Tomatoes Creepy Donkey Spider-Man Eerie Ind. [Spellbinder iGhostbstrs Harveytoon Heathcliff |Mouse |Eek! |BadDog |Monster |WalterM, 3 Friends Pee-wee FSD Paid Prog. Paid Prog. Paid Prog. Signature Auto Racing: FIA Formula One -- Grand Prix of Luxembourg. Tigers M ajor League Baseball: Detroit Tigers at Toronto Blue Jays. (Live) Sportsm an Sportfish HIST Traveler History World at War "Reckoning" Vic. at Sea M ovie: * * “Brink's: The Great Robbery" (1976) Great Empires: Rome Great Empires: Emperors |Great Empires: Empire Great Empires: Legacy LIFE Paid Prog. Paid Prog. Paid Prog. Paid Prog. Golden Golden Weddings-Life. Movie: “Giving Up the Ghosf” (1998, Comedy-Drama) Movie: ★ * ’/2 “Jack Reed: One of Our Own" (1996) M ovie: “Lying Eyes" NICK CharlieB Tiny Toon Looney Tunes Rugrats BE Beavers Cartoons |Hey Arnold! Rocko Kablam! Monsters My Brother You Do |Crazy Kids Global Guts | Tiny Toon Salute jClarissa SCIFI Paid Prog. Paid Prog. Entertain jln Space M.A.N.T.I.S. (In Stereo) Robocop: The Series BE CNet New Edge Web (R) Cool Tech Flash “ Pilot" BE Movie: **'/> “Cocoon: The Return" (1988, Fantasy) TBS (6:55) M ovie: * * ' / 2 “Midway" (1976, Drama) Charlton Heston. Movie: **'/ 2 “Quigley Down Under" (1990, Western) Movie: * * * “Jeremiah Johnson” ( 1972, Adventure) Robert Redford. Movie: * * * “High Plains Drifter" (1973, Western) TLC Paid Prog. Paid Prog. Gardening |MenTlblts Renovation HomeSvy Hometime | Hometime Home Again Home Again I Human Experience (R) Science Times-Crime Master Spies (R) T e ch n o sp y(R) TNT Gilligan Gilligan Lois & Clark-Superman In the Heat of the Night In the Heat of the Night Movie: *★* “48 H R S ."(1982) Nick Nolte. Movie: * * V 2 “Sidekicks" ( 1993, Drama) Chuck Norris. Movie: * “Forest Warrior" \ USA Videos Videos Saved-Bell USA High WWF Superstars Movie: * * "Remote Control"(1987) Kevin Dillon. BE |Movie: *V4 “ Top D og"( 1995, Adventure) Chuck Norris. Movie: * * “Man’s Best Friend"(1993) Ally Sheedy. BE | DISN Bear Mermaid Amazing Amazing Movie: “Dumbo” (1941) BE Movie: "Heathcliff: The M ovie"( 1986) ‘G’ Movie: **V! 2 "Freaky Friday" (1995) BE Cleopatra in Concert BE Torkelsons | Flash Sitters |GrowPains 1 HBO Movie: * '/ 2 “Major League //” (1994) ‘PG’ Movie: * *2 '/ "Tough Guys" (1986) Burt Lancaster. 'PG' I Without Pity: Abilities Movie: **V i “SpaceCamp" (1986) ’PG' Movie: **V4 "Just One of the Guys” (1985) ‘PG-13’ 13 M ovie: “Dear God" (1996) | MAX (6:45) Movie |Movie: **% “Free Willy 3: The Rescue” |Movie: *'/ 2 “Batman & R obin"(1997) ‘PG-13' BE Movie: "Robin Hood: Men in Tights"BE | “Beavis and Butt-head Do America"TE | “Naked Gun 2 /12: Fear" \ “My Boyfrn" I SHO Movie: “In His Father’s Shoes" (1997) iM ovie:*** "The Purple Rose o f Cairo" iDead Man’s Gun (R) Dead Man’s |Movie: *V4 “RoboCop 3 ” (1993) Robert John Burke.
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