Word: agreement
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...York Giants and Jets play. Will companies pay the same sweet premium they would have, say, a year ago for the right to attach their name to one of these new venues? Very doubtful. AIG, the embattled insurance giant, has sponsored the U.S. Davis Cup team since 1999, an agreement that ends this year: if the company hadn't floundered, odds are it would have renewed the deal. Now the United States Tennis Association has to fish for a new sponsor in a very soft market. The sports-facility boom could also take a hit: the economy will likely delay...
...Sarkozy set high expectations for the summit by calling for the "moralization of financial markets" and a wider push to "re-found the capitalist system." When he and Bush announced the agreement for the summit, the French President envisioned a new regime to prevent "those who have led us to where we are today from being allowed to do so once again." Bush's emphasis was elsewhere: he talked of common rules to "preserve the foundations of democratic capitalism, (and) the commitment to free markets, free enterprise and free trade." So which will...
...even if the summit yields trans-Atlantic agreement on tougher regulations, Lannoo says the new determination to substitute sobriety for greed may be a harder line to sell to emerging nations. "Lots of countries in Africa, Asia, Middle East, and South America are going to say, 'these are reactions to your problems created by your systems - why should we listen to anything you say now?'," Lannoo says. "The challenge isn't just finding ways to prevent future excess, but also to convince nations like China and India to agree to turn off the music and quiet down when they...
...Indonesia, by contrast, Suharto signed an IMF agreement that he had no intention of carrying out. Four months later he was driven from office, replaced by B.J. Habibie, his hyperactive Vice President, a man better known for his expensive and far-fetched plans to build an aircraft industry than for any clear sense of how to develop Indonesia's economy. Indonesia has struggled to keep its head above water ever since...
...Beyond the assumption that the world today needs to see U.S. leadership just as it did after 1945, there has also been a second item of implicit agreement between the candidates: that the performance of the U.S. in its leadership role has been less impressive of late than it was following World...