Word: accords
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...billion of claims against it. The problem, observed Federal District Judge Milton Pollack, who is overseeing Drexel's reorganization, is that the company's assets are worth only $2.8 billion. To avoid costly litigation that would drain the firm's remaining assets, Pollack last week secured a tentative accord from the key parties to slash their claims 90%, to $2 billion. If the agreement stands, Drexel could soon emerge from Chapter 11 and resume business...
Tass quoted a Soviet Army deputy chief of staff, Col. Gen. Grigory Krivosheyev, as saying an agreement was struck between Defense Minister Dmitri T. Yazov and Estonian Prime Minister Edgar Savisaar on military service for Estonian men. Tass said the accord will allow some Estonian draftees to serve in Estonia...
...landmark accord with Indian leaders last year, the Smithsonian Institution agreed to sort through its collection of 18,500 remains and to return for burial all those that were clearly identifiable as belonging to a certain tribe. Stanford University then pledged to give back its entire collection of remains of the Ohlone tribe. Other museums and collectors followed suit, and in November President Bush signed a bill to protect Indian grave sites in the U.S. and to return remains to the tribes. In some instances, however, tribes have asked a museum to retain permanent control of the objects so they...
From Dec. 3 through 7, trade ministers from 105 countries are scheduled to sit down in Brussels to sign off on a major accord governing nearly $4 trillion in global commerce. But negotiations to revise the General Agreement on Tariffs and Trade are on the verge of collapse over the prickly issues of farm subsidies. Last week a new U.S.-European Community dispute over trade in services threatened to make an accord even more difficult...
George Bush -- after nearly 17,000 miles, six countries, a sweeping accord to reduce conventional arms in Europe, a 34-nation peace charter, a dozen speeches, untold private diplomatic understandings, a quart or two of ceremonial champagne, at least 25 clean shirts, eye contact with nearly a million people and G.I. turkey in the Saudi desert (twice) -- came home to roost (certainly not rest) for the weekend. He sent his laundry out, had Air Force One fueled again (53,611 gal.) and got ready to head for Mexico this week...