Word: contracting
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Dates: during 2000-2000
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Therefore, it came as a relief when Boston-based John Hancock Financial Services announced that it had renewed its contract with the Olympic Games. The surprise, however, was that John Hancock had insisted upon an ethics clause in the contract, allowing the company to withdraw its support at any point if it feels that the association is detrimental to its brand...
While it is certainly unfortunate that John Hancock felt the need to include such a clause in the contract, its actions are entirely understandable and appropriate. Clauses such as this are common in other contracts, and this will be an additional incentive for the IOC to conduct itself in a manner that reflects the honor and integrity of the games...
...Street from a manager's point of view, Schorr saw an underutilized resource. PSI had no means of sorting all the clothing, and half of it was being sold off cheaply in bulk. The program was costing the organization $200,000 a year more than it got under a contract with the commonwealth. Her analysis showed that by training Pine Street's men and women to sort the clothing by size and type, the donations could be more efficiently distributed and provide high-quality merchandise for the agency's two thrift shops. Since the summer of 1998, some 50 people...
While some businesses hedge their bets with the help of private weather firms, others guard against Mother Nature's whim with a financial tool--the weather derivative. Created little more than 2 1/2 years ago, weather derivatives are now a $5 billion industry. They are essentially futures contracts ensuring that if certain meteorological conditions unfavorable to sales occur, the company that purchased the contract will be paid without having to prove any losses. And in some cases, companies actually pay the issuer of the derivative if weather ends up being favorable to sales. Either way, the company gets a guaranteed...
...come when we stop trying to base our entire society on the wavering sexual connection between individuals. Romantic love ebbs and surges unaccountably; it's the bond between parents and children that has to remain rocklike year after year. Putting children first would mean that adults would make a contract--not to live together or sleep together but to take joint responsibility for a child or an elderly adult. Some of these arrangements will look very much like today's marriages, with a heterosexual couple undertaking the care of their biological children. Others will look like nothing we've seen...