June 1, 1992

As the slogan "sustainable development" floated over advance meetings last week for the Earth Summit here, Erling S. Lorentzen, a Norwegian industrialist and environmental pioneer in Brazil, seemed to give the words concrete form. Mr. Lorentzen is chairman of a wood pulp company, Aracruz Celulose S.A., which last week became Brazil's first company to list its shares on the New York Stock Exchange. In three days, investors bought the entire issue of 10 million American depository shares, valued at $132.5 million.

It was Alberto Frambrosi's first visit to the United States, and the tourist from Milan knew exactly where to find the real America. It had nothing to do with the Empire State Building or the Statue of Liberty or anything else New Yorkers might expect. Mr. Frambrosi landed at Kennedy International Airport, dumped his luggage at his hotel in midtown Manhattan, and hurried to Curacao Export Ltd., a small and bustling store, four flights above West 57th Street off Fifth Avenue, that is a mecca for Europeans, especially Italians. Here, in abundance, were the American products Mr. Frambrosi and his friends covet -- Timberland shoes, Swatch watches, Levi's jeans, Sony Walkmans -- and pay dearly for at home.

When the Serbian Orthodox priests lifted the top off Predrag Marjanovic's coffin for his family's last farewells today, his grandmother leaned over, moved the black scarf from his face and kissed him. "Your brothers who survive you will avenge you!" she said, her anguished voice rising above the wailing of the dead man's mother and sister.

Strike Threat in South Africa Accusing the President of trying to keep white minority domination intact, the African National Congress resolved to paralyze South Africa with strikes and boycotts. Page A3. Dinkins and School Spending Mayor Dinkins and the City Council have told the Board of Education to improve its system for keeping track of spending or risk losing $29 million provided in the new budget. Page B1. A Judge on Trial Are judges becoming vulnerable to retribution for unpopular decisions? A Los Angeles County Superior Court election suggests yes. Page A13.

Escalating the fight over the school budget, Mayor David N. Dinkins and the City Council have told the Board of Education to improve its system for keeping track of spending if it wants to keep the additional $29 million in school operating funds contained in a new citywide budget agreement. But Schools Chancellor Joseph A. Fernandez fired back yesterday, defending the board's accounting and reporting practices and declaring that the amount restored for schools in the $29.5 billion budget was simply not enough.