Word: agreement
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...Alan Greenspan really the root of all economic evil? Uh, no. By general agreement, the main jobs of the Federal Reserve are to halt financial panics before they spiral into depressions and to keep inflation from getting out of hand. The Fed has failed miserably at each of these tasks once--depression prevention in the early 1930s and inflation prevention in the 1970s. Under Greenspan, it took care of both pretty well. Brad DeLong of the University of California, Berkeley, an economist with no particular loyalty to the former maestro, estimates that of 36 significant interest-rate decisions during Greenspan...
...Walsh's direct negotiation with his counterpart helped speed up a resolution. Ahead of BA's move next year into the new $8.5 billion Heathrow Terminal 5, the airline persuaded thousands of ground staff to agree to change their practices. Such deals, Walsh says, are "evidence of securing agreement without hassle, without friction...
...under the Open Skies agreement, drawn up by Washington and Brussels, starting early next year any E.U. airline will have the right to fly to any city in the U.S., and vice versa. With U.S. rivals Delta and Continental expected to invade Heathrow next year, "BA's business-class fare is going to be under considerable pressure," says JPMorgan's Avery...
...campaign may have had some effect on Chinese behavior. After using its vote on the Security Council to block U.N. intervention in Darfur for four years, Beijing reversed course in July, endorsing the creation of a force of 26,000 soldiers and police officers to uphold a peace agreement between the Sudanese government and rebel forces...
...nukes. But the party is 13 years too late: North Korea said it wouldn’t build those nukes in 1994.Never mind the details, U.S. diplomats scoff; the “dialogue” between the U.S. and the North never has been better. Under the agreement the countries signed in February of this year—and are just getting around to now—North Korea has promised to disclose and dismantle all its nuclear facilities. In return, the U.S. will remove North Korea from its list of states that sponsor terrorism and lift the corresponding economic...