Word: contractive
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BOSTON—Harvard and the U.S. government last week moved closer to a jury trial in federal court which would determine damages owed by the University for violating its contract with the government while helping to privatize the Russian economy in the 1990s...
...University was absolved of fraud charges but could still face breach-of-contract damages of up to $34.8 million, the amount paid to Harvard by the government after Shleifer’s first improper investment in July...
...tried to take delivery of a $180,000 arms consignment, allegedly for a coup in Equatorial Guinea. The 65 suspected mercenaries arrested along with him were sentenced to 12 months in prison. RETIRING. MICHAEL EISNER, 62, CEO of the Walt Disney Co. for 20 years; when his contract expires in September 2006; in Los Angeles. Although he is credited with transforming the company into a media powerhouse, fellow Disney directors stripped him of his chairmanship in March, when the share price and investor confidence slumped. DIED. NUHA AL-RADI, 63, Iraqi ceramist and painter best known for her 1998 book...
...state of the Chechen economy after five years of war also works to the advantage of the men of war - with unemployment at around 80 percent, the job prospects for many fighting-age Chechen men are restricted to joining the pro-Moscow militias or doing contract work for the rebels. (Bombing an oil pipeline, for example is believed to earn a Chechen fighter in the region of $400, a princely sum in a pauperized population.) And for many, particularly the "black widows" who have seen fathers, brothers and husbands killed by the Russian security forces, revenge is as powerful...
...becoming longer term. "If you get a crack at potentially the most compelling Olympic athlete to come around in a long time, I don't think you want to do a one-year deal," says Phelps' agent, Peter Carlisle, who heads the Olympic division of sports marketer Octagon. Phelps' contract with Speedo--and the accompanying $1 million bonus offer--is good through Beijing...