Word: settlements
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...course, was on our minds as we gaveblood or attended lectures on poison gas, andstudents volunteered where hands were needed inhospitals, settlement houses, factories or appleorchards...
...drained $55 million from the firm's $93 million pension fund and, with the remaining $38 million, bought annuities from an insurance company that collapsed. (The U.S. Labor Department is suing; so far, Pacific has made good on retirees' pensions; two weeks ago, Maxxam agreed to a $52 million settlement of a suit by shareholders dissatisfied with the takeover of Pacific.) Hurwitz also boosted the rate of old-growth logging; as Congressman Pete Stark, a California Democrat, put it, "looting the forest, meeting monthly interest payments by cutting thousand-year-old trees." Is there a moral issue here? A Maxxam...
Denying it had a policy of racial discrimination, the Denny's restaurant chain nonetheless agreed to pay a blockbuster $54.4 million to settle class-action charges that it refused to serve black customers or treated them shabbily. A day later, in a $75,000 settlement, the Four Seasons Hotel in Boston publicly apologized for assigning an all-white staff to serve visiting Indian Prime Minister P.V. Narasimha...
There was still an unseemly coda: the financial settlement. Through her lawyers she entered negotiations with her in-laws. Eventually Christina Onassis, the shipper's daughter and his only major heir, reportedly decided to get her hated stepmother out of her life with a settlement of $20 million...
Foreign ministers from Europe, Russia and the U.S. agreed to urge the Serbs and Muslims to begin peace talks within two weeks. A proposed settlement would give the Serb aggressors 49% of Bosnian territory, with the remaining 51% going to the new federation of Bosnian Muslims and Croats. Meanwhile the U.S. Senate passed a measure requiring President Clinton to lift an embargo on arms sales to the Bosnians despite the objections of American allies...