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Espionage

Scientist Under Suspicion Given Key Nuclear Project

PRC research assistant disappears

WASHINGTON -- In spring 1997, Los Alamos National Laboratory chose a scientist
who was already under investigation as a suspected spy for China to run a
sensitive new nuclear weapons program, several senior Government officials
say.

The scientist, Wen Ho Lee, eager for the new post, asked that he be allowed to
hire a research assistant, the officials said. Once in the new position, in
charge of updating computer software for nuclear weapons, Lee hired a post-
doctoral researcher who was a citizen of the People's Republic of China,
intelligence and law-enforcement officials said.

Although the Federal Bureau of Investigation had said that a wiretap on Lee, a
computer expert born in Taiwan who is an American citizen, would allow the
bureau to keep close tabs on him in the new position, the bureau never won
approval for the electronic monitoring, the officials said.

Now, two years later, Lee has been fired for security breaches at Los Alamos
and senior Government officials say he remains a suspect in the F.B.I.'s
continuing investigation of allegations that China stole nuclear secrets from
America's weapons laboratories He is under suspicion of having stolen the data
for one of America's most avanced nuclear warheads. China has denied that it
engaged in nuclear espionage.

And the research assistant has disappeared. Even as the bureau tries to find
him to question him in connection with the Los Alamos spy case, Government
officials say they are wondering whether he played a role in a Chinese
intelligence operation at the heart of America's nuclear weapons program.

In the midst of the furor over the Clinton Administration's handling of
evidence of Chinese atomic espionage, the decisions to appoint Lee to the new
post in 1997 and to allow him to hire a Chinese assistant have underscored
doubts about the procedures followed by laboratory officials and the F.B.I. in
the Los Alamos spy case.

The F.B.I., which opened a criminal investigation into the spy case in June
1996, gave its approval when Los Alamos officials decided to give Lee the new
position, intelligence and law-enforcement officials say.

Clinton Administration officials said that Lee's new posting was approved in
part because they believed his access to information would be "controlled." In
the new job "he only had access to material he already had in his head," said
one official. "He couldn't see the latest stuff."

The bureau also assured laboratory officials and the Department of Energy,
which owns the weapons labs, that it would keep close watch on Lee in his new
job, and would seek approval for a secret wiretap to monitor his telephone
conversations.

But officials now say that the bureau's requests for a secret wiretap were
repeatedly turned down by Justice Department officials who did not believe
they had sufficient grounds to take to a Federal court to obtain the
authorization for the wiretap.

The hiring of the research assistant was not cleared with the bureau,
officials said. "We didn't know about the hiring of the research assistant
until after the fact," a senior law-enforcement official said.

Once the F.B.I. found out, bureau agents investigated the postdoctoral
assistant, officials said. The F.B.I. did not conclude that the student, whom
officials declined to name, had any intelligence connection. Los Alamos
officials assured the bureau that the assistant, who had studied at the
University of Pittsburgh, would be restricted to unclassified work, law-
enforcement officials said, though it is unclear how closely Los Alamos
officials monitored his activities.

The assistant worked with Lee from approximately May through September 1997,
when he returned to complete his studies at the University of Pittsburgh,
officials said. They said they were not sure whether the assistant, who was in
the United States on a student visa, was still in the United States. The
F.B.I. is still not sure whether the assistant is significant to its
investigation, officials said.

The Los Alamos lab director, John C. Browne, told The Washington Post this
month that in April 1997, Lee's classified computer code -- access to a
network of classified information -- was taken away under the guise of the job
change so he would not be tipped off that he was under investigation by the
F.B.I.

But other law-enforcement and intelligence officials say that the new job did
give Lee continued access to classified as well as unclassified information.
Some officials add that he retained access to nuclear test data and to other
classified information relating to nuclear warheads.

The job given Lee in the spring of 1997 was to update nuclear weapons computer
programming used to evaluate weapon performance. He was to update the
programming codes for the weapons labs' "stockpile stewardship" initiative.
That effort was part of a broad push by the national labs and the Energy
Department to insure that the American nuclear weapons inventory could be
safely maintained without further nuclear testing.

Los Alamos officials decided to give Lee the job because he had the most
expertise in that speciality of any scientist at the lab. Officials also say
they believed that passing him over for a job for which he was the most
experienced candidate would have aroused his suspicions that he was under
investigation.

But in September 1997, just a few months after Lee was moved to the new post,
the F.B.I. Director, Louis J. Freeh, told senior Energy Department officials
that the bureau did not have enough evidence to arrest him, law-enforcement
officials said

Freeh said there was no longer any investigative reason for the Energy
Department to keep Lee in a sensitive position. The Energy Department did not
move Lee out of his post, or remove his security clearance, for another year,
however, officials said.

By then, in late 1998, a select House committee investigating unauthorized
transfers of American military technology to China, headed by Representative
Christopher Cox, a California Republican, had been informed about the spy
case. The senior Democrat on the panel, Representative Norm Dix of Washington,
complained to Richardson about the lack of action on the matter.

After that Congressional prodding, Lee was given a polygraph, or lie detector
test, in December 1998 by the Energy Department, and he appeared to pass.
Dissatisfied with the results, the F.B.I. gave him a second test in February,
and officials said he was found to be deceptive. Lee was fired by Richardson
on March 8 forof security violations, including unauthorized contacts with
Chinese scientists.

The New York Times, March 24, 1999





Assassination Politics

Vice President in Paraguay Wasted by Three Assassins

Maybe those calls for presidential impeachment will end now

ASUNCION, Paraguay - Gunmen assassinated Paraguay's vice president in central
Asuncion on Tuesday, the latest blow to a nation torn by a power struggle in
the party that has ruled it for half a century.

The vice president, Luis Maria Argana, a bitter rival of Paraguay's president,
was killed on his way to his office Tuesday morning. Witnesses said three
gunmen in military dress swerved their white car in front of Mr. Argana's red
jeep, threw a grenade and sprayed him, his driver and bodyguard with bullets.

Mr. Argana's aides said he was riddled with 10 gunshot wounds. Argana's driver
died, but his bodyguard appeared to have survived. Paraguayan authorities
closed the borders immediately, and no flights were allowed into the country,
while diplomats from neighboring Argentina warned nationals not to travel
there.

The assassination ratcheted up the political tension in a country where
President Raul Cubas has been fending off recent calls for impeachment.
Paraguay has been the scene of months of bitter Sponsored Sectionspolitical
infighting.

In a nationwide address, the president appealed for calm. President Cubas -
whose faction of the ruling Colorado Party is controlled by a convicted coup
leader, Lino Oviedo, and which has fought the vice president for control of
the party - said that Mr. Argana, 66, had appointed his own bodyguards rather
than using state security personnel.

Mr. Argana's distraught supporters and opposition leaders gathered outside the
hospital and laid the responsibility for the killing, if not the blame, at the
door of Mr. Cubas and his mentor, Mr. Oviedo, a former army chief.

But Mr. Cubas appealed to his detractors not to make the vice president's
death a political issue.

''I am not considering resigning from office,'' Mr. Cubas said at a news
conference after his nationwide address. Referring to his four-year term that
began last August, he added, ''I will finish out my mandate.''

The trade union leader Alan Flores said he would call a general strike until
Mr. Cubas stepped down.

The Colorados have ruled Paraguay for five decades, under the dictatorship of
General Alfredo Stroessner until he was ousted by a coup in 1989 and since
then by two elected Colorado presidents, Juan Carlos Wasmosy and Mr. Cubas.

Mr. Oviedo attempted to overthrow Mr. Wasmosy in 1996. He then beat Mr. Argana
in party primaries last year and ran for president - with much popular support
- until Mr. Wasmosy threw him in jail and he was sentenced to 10 years for the
coup attempt.

Mr. Cubas, his running-mate, stepped in and won the presidency, and under
party rules Mr. Argana automatically became his deputy.

Since then the struggle for control of the party has been bitter. Last week
followers of Mr. Cubas and Mr. Oviedo seized the party headquarters by force
after Mr. Argana's followers tried to vote themselves back into top party
posts.

Mr. Wasmosy, who handed power to Mr. Cubas after the election last year, read
a statement to reporters blaming Mr. Cubas for the killing.

''The person responsible for the period of chaos, violence and bloodshed that
Paraguay is undergoing is the head of the executive branch,'' said Mr.
Wasmosy, accused by Mr. Cubas last month of conspiring with Mr. Argana to oust
him from office.

Juan Carlos Galaverna, one of the slain official's chief aides, demanded the
''immediate resignation'' of Mr. Cubas and the arrest of Oviedo.

Stores shuttered their doors, schools and colleges canceled classes and a
union announced a work stoppage to protest the killing.

International Herald Tribune, March 24, 1999





London Clearing House

LCH to Clear Interest-Rate Swaps

Regulatory Exemptions Granted

US regulators yesterday gave a green light to the London Clearing House, the
UK central clearing house for a number of UK-based exchanges, to launch the
world's first swaps clearing operation this summer.


The approval, which essentially involves granting regulatory exemption to the
LCH's SwapClear system, allows LCH to market it to US banks and institutions.
It is a final order, coming into effect immediately without a comment period
attached.


Swaps are one-to-one risk management agreements, usually negotiated between
sophisticated financial market participants, such as large investment banks.


LCH first detailed plans for the SwapClear programme last year. Its scheme
follows huge growth in the over-the-counter derivatives industry in the past
decade, coupled with the growing standardisation of many swap agreements.
SwapClear will initially handle interest rate swaps of up to 10-year maturity
for the banks that deal in them, and has no intention of taking on "exotic"
swaps.


But the LCH's desire to market SwapClear to US banks and institutions meant it
became caught up in a Washington turf-war over regulation of the US-based
derivatives industry, and the over-the-counter market, in particular.


The LCH asked the Commodity Futures Exchange Commission, the US futures
industry regulator, for exemption from the US Commodity Exchange Act, the main
legislation covering derivatives. But some participants in the swaps industry,
who dispute that the CFTC has jurisdiction over the over-the-counter market,
maintained that even granting an exemption would mean the agency was going
beyond its mandated powers.


But yesterday Arthur Hahn, legal adviser to the LCH, said the order "moved the
clearing of swaps into the 'safe harbour' without the CFTC trying to expand
jurisdiction over swaps".


Now the exemption has been granted, the LCH hopes to launch SwapClear by
August. It is testing systems with three banks in London, and will roll out
the system over the next five months. It says it has 11 entities "advising" on
the system, including two US banks. These organisations, which would be likely
market participants after the launch of SwapClear, account for about 30 per
cent of swaps turnover globally, it calculates.


Some US swaps traders have questioned how much business SwapClear will
attract. But Phil Bruce, LCH's managing director of strategic planning, said
last week that the organisation was "confident that we will have enough
participants on day one".


SwapClear is one of a handful of new international initiatives from the LCH.
It also intends to launch a clearing facility for the European "repos" market
this summer. Repos are agreements under which one financial institution lends
a security to another for cash, agreeing to buy it back at a later date.

The Financial Times, March 24, 1999




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Omnia Bona Bonis,
All My Relations.
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Amen.
Roads End
Kris

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