Word: settlements
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Carter claimed a diplomatic breakthrough, reporting that North Korea would allow international inspectors to remain at the main nuclear installation in Yongbyon while "good-faith efforts" toward a settlement were resumed with the U.S. As the television cameras rolled, Carter told Kim the U.S. would suspend its effort to impose economic sanctions on North Korea...
...nuclear-weapons program was safely back on the diplomatic track. It is too soon to reach that conclusion, and it could be mistaken. The White House quickly denied it was shutting down its sanctions campaign and asked for clarifications from North Korea. The world's hopes for a peaceful settlement are certain to rise and fall in the coming weeks as the U.S. tries to discern whether Kim is ready for serious negotiations this time or simply out to diddle the West once again...
Manuel Camacho Solis, the chief negotiator for the Mexican government with peasant rebels in the southern Mexican state of Chiapas, resigned after accusing the government of trying to sabotage his efforts to find a settlement with the mostly Mayan Indians. Five days earlier, the rebels rejected the peace settlement he had proposed. The trouble in the peace talks could affect the Mexican presidential election, which will take place...
...Chemical Corp. for a bargain $98 million. Occidental's corporate predecessor, Hooker Chemicals & Plastics Corp., buried 22,000 tons of toxic waste near the Niagara Falls neighborhood from 1942 to 1953. Most of the town was evacuated in the mid-1970s when the contamination was widely reported. Despite the settlement today, Occidental's problems are far from over: many individual suits, as well as a federal action, brought against the company over Love Canal continue to percolate...
Next comes the settlement stage and the big payout and the nolo plea, along with the letter to shareholders that often winds up in the papers as a full- page ad. The letter writer, usually the CEO, refers to "problems" and "mistakes" and emphasizes that these mistakes were in the past and entirely the work of rogue individuals. The company announces concrete steps to ensure that whatever they haven't admitted to doing will never happen again...