Word: agreement
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...carefully planned, prepackaged bankruptcy would still be troublesome, she says. Throwing 479,000 GM retirees onto the rolls of the Pension Benefit Guaranty Corp., for instance, could overwhelm it. And GM's agreement to fund the United Auto Workers' voluntary employee beneficiary association (VEBA) - thus getting a $50 billion unfunded liability off its books - might then be in jeopardy, as would the union's health benefits. The VEBA has already saved GM nearly $5 billion in the past quarter, and still greater benefits lie ahead...
...Beginning in mid-October, Lee sprang into action. The government earmarked $100 billion to guarantee new foreign debt for banks through mid-2009 in a bid to maintain the economy's access to foreign-currency borrowing. Shortly afterward, the Bank of Korea finalized a currency-swap agreement with the Federal Reserve to ensure a supply of dollars for the economy, which gave a big boost to confidence. In early November, the Finance Ministry announced an $11 billion stimulus package that included tax breaks and new infrastructure spending. The moves have recently brought some stability to stock and currency markets...
...same technology that can impart the taste of cola, cookies or curry can also deliver medicines. Unistraw has an agreement with a South African pharmaceutical company to add nutrients to straws for HIV/AIDS sufferers, who can have difficulty swallowing pills...
...pick of Illinois Congressman Rahm Emanuel to be its chief of staff. Emanuel is a win-at-any-cost partisan but not an ideologue; in his earlier White House stint as a top aide to Clinton, he was a key figure in shepherding through the North American Free Trade Agreement, a crime bill and welfare reform - none of them popular with the Democratic Party's liberal base. The appointment of someone who has been a savvy operator at both ends of Pennsylvania Avenue also shows that, for all Obama's talk of change, he does not intend to make...
...Perhaps September’s power-sharing agreement was not a major step forward for Zimbabwe, but I stand by my optimism. More people need to find a reason to hope for Zimbabwe and support their optimism with concrete efforts wherever they can. The worst that can happen is temporary disappointment, followed by renewed efforts. When the stakes are this high, the global community must accept that small risk...