Word: agreement
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Dates: during 1980-1989
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...realize such sweeping changes, the Communist Party must secure the cooperation not only of Solidarity but of its own allies as well. However, as last week's threatened defection by the Peasants demonstrated, there is growing impatience with the compromise implicit in the round-table agreement. Observed the Solidarity daily Gazeta Wyborcza in an editorial: "Society does not understand why the new Cabinet, which would like to call itself a government of national salvation, should be headed by a representative of a party responsible for creating the situation from which society must be saved...
...Delaware court rulings have created a more cordial climate for such deals. Before Time and Warner were allowed to consolidate, many companies feared that an agreement to merge would be tantamount to putting themselves up for sale. But the Delaware courts affirmed the right of corporate directors to pursue long-term strategies. Says Harvard law professor Reinier Kraakman of the new precedent: "This gives managers who are planning a friendly acquisition or a merger of equals a chance to go forward without losing out to a hostile acquirer...
...trouble Mexico is finally getting a modest dose of debt relief, but whether it will be enough to right the country's economy is in question. Last week Mexico and 15 of its largest creditor banks said they had reached a tentative agreement under which the country will save some $12 billion in payments over the next four years on its foreign-bank loans; these represent $54 billion of its total debt. Mexico's President Carlos Salinas de Gortari hailed the agreement on television, declaring, "This is the culmination of one of the most difficult, complex and tense financial negotiations...
...told, the plan may provide Mexico with about $4 billion in loan reductions, $6 billion in interest-rate reductions and $2.5 billion in new credits. That is much less than the 55% debt relief, or $29.7 billion, that Mexico originally asked for. Under the new agreement, "we shall not see spectacular results from night to morning," Salinas acknowledged in his broadcast. But the agreement produced an almost immediate benefit in restoring some confidence in Mexico's financial stability. Domestic interest rates, which had risen to 56% this year, have fallen 20 percentage points in the past three weeks because financiers...
...agreement between the manufacturers and the recording industry states that every DAT recorder will contain a computer chip that digitally encodes a signal on the tape when the first copy is made. This inaudible code will prevent a machine from making subsequent copies of that tape. That way, consumers can make a copy of a CD to play in their cars or portable machines, but that copy cannot be used to mass-produce more tapes to give or sell to other people...