Word: agreement
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Dates: during 1990-1999
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McDonald's store owners have always paid a steep price for access to burger riches: they can operate no other businesses, they have no exclusive territories, and they generally take orders from headquarters in Oak Brook, Ill. Franchisees own nothing other than a 20-year agreement, renewable at the company's option, to equip and run a restaurant in return for 12.5% off the top in royalty and rent. (The rates can be higher for some sites.) They spend a minimum of 4% of sales for marketing. Last year McDonald's got $1.8 billion from its U.S. franchisees...
...understandable that a touch of triumphalism echoed over Bill Clinton's visit to Europe last week. While colossal headaches were awaiting him at home, over there it was pure pomp and celebration. On Tuesday at a signing ceremony at the Elysee Palace in Paris, he portrayed the new agreement between Russia and NATO as the gateway to a golden era of East-West cooperation. In the Hague the next day, he and the assembled leaders of Europe marked the 50th anniversary of the Marshall Plan--the keystone of it all--with brass bands, dinners and speeches. The next 50 years...
While Russian President Boris Yeltsin made the best of his agreement to go along with an expansion of NATO, the theatrical sigh he heaved before signing was not entirely playacting. The fact is that Russia can consult with a growing NATO, but Russia is left out. So are several other countries in Eastern and Central Europe, including the Baltics, that desperately want to get in. NATO members themselves have begun squabbling about which former Warsaw Pact countries will be invited to join and who will pay the costs; the estimate, still only hazy, and probably too low, is about...
WASHINGTON, D.C.: The era of good feeling that flush government coffers brought to budget negotiations is ending as Democrats and Republicans heat up the fight over specifics of the deal. Although both houses overwhelmingly approved a final, nonbinding outline of an agreement to balance the budget by 2002, cracks in the consensus are appearing as the GOP tries to push through its version of welfare reform. Democrats were crying foul after two Republican-backed provisions passed the House Ways and Means human resources subcommittee. One would cut benefits to disabled noncitizens, while the other would deny minimum wage and workplace...
...extremely happy that we were able to reach an agreement and the [health] benefits won't be cut," said Donene M. Williams, president of HUCTW...