21.   He was referring to foreign investors, who were buying shares in local units of international companies such as Siemens and Nestle.

22.   Local units of government are, in effect, the landlords.

23.   MBIA also insures so-called structured finance transactions and securities in international markets, and it provides money management and other services to states and local units.

24.   Municipal bonds fell amid the slump in Treasuries and a perception that states and local units are stepping up their sales of the securities.

25.   One of the key factors driving the growth of the local cellular unit is the expected emergence of the market for personal communications services, or PCS.

26.   Other local units of Legal Services report similiar problems.

27.   Several local units already are in the region.

28.   Speakers accused the USDA of conspiring to strip black farmers of their land and urged them to investigate local USDA units.

29.   That is mainly because Canadian labor laws effectively prevent local units of unions from staging walkouts in the middle of a contract.

30.   The decline in values means that many shares are considered undervalued, said Manuel Sacerdote, president of the local unit of BankBoston Corp.