Word: contracts
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Dates: during 1970-1979
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Harvard announces that it has just signed a two-year, $2 million, no-cut contract with the Iranian government to develop and promote a giant amusement park complex outside Tehran. Chief Planner Harold Goyette calls the deal "an exciting prospect," adding that he has no reservations about being under contract to the repressive Iranian regime. "The kids will enjoy riding the roller coaster and the log flume. This will tend to 'open up' the regime, I think. I have no problem with any sort of torture in this case, save that bore of riding on substandard log flumes or roller...
Moreover, if properly presented to the unions as a reward for continued wage restraint, a tax cut could hold off the threat of another pay explosion. That inflationary threat is very real; last summer the unions tore up their "social contract" with the government and insisted on a return to free collective bargaining. Since then, they have won wage boosts exceeding the government's 10% guideline from some private employers?12% from Ford of Britain, for example. The government has been holding the line on wages for its own employees?who, counting those in nationalized industries, total 7.3 million...
...album so far, My Aim Is True. When CBS Records executives came to town last July for their international convention, Costello grabbed his guitar, rushed over to the London Hilton and staged a street-corner audition. Although the police promptly arrested him, the Columbia execs eventually offered him a contract...
...making a good point." He recalls the bolder broadcasts of Elmer Davis and Edward R. Murrow, and wonders why radio seems to permit freer comment than television. But were the old ones really bolder? Salant doubts it. Murrow, he says, insisted on a fairness and objectivity clause in his contract; he departed only once from this self-imposed standard, when he persuaded CBS's top brass to let him make his famous televised attack on Senator Joseph McCarthy...
...move out. Yet the church held the key position on the block. The solution: Citicorp bought the old church for $9 million, demolished it and built in its place a new structure that included a chapel and sanctuary. The church bought this new building, under an unusual condominium contract, for $7 million...