Word: agreement
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...Lebanon the prospects for peace were not much more promising. Given the failure of previous agreements, the newest treaty seems unlikely to produce a lasting cease-fire. While the agreement seeks to redress the balance of power between Muslims and Maronite Christians, the traditionally dominant Maronites are reluctant to give up their privileges. Indeed, just days after the truce went into effect gunmen opened fire on the car of Assad Shaftari, a key Maronite participant in the Syrian-sponsored peace talks. Shaftari narrowly escaped. His supporters have accused Christians who back President Amin Gemayel of staging the attack. Gemayel...
People's riskiest, and most impulsive, move came when it outbid Texas Air and signed the agreement to acquire Frontier Airlines for $305 million. Burr says he made the decision to buy the Denver-based carrier without consulting other People executives when the deal was suggested to him by Jack Maatee, a lawyer for Frontier, during a tennis outing at the home of a New York investment banker. "I was convinced," says Burr, "that it was the brilliant thing...
...unorthodox structure and style. Says Robert Joedicke, an airline expert for Shearson Lehman Bros.: "Running a company with labor unions on one side of the house and no unions on the other side is going to be tricky. Under those circumstances, collective bargaining can be contagious." In the merger agreement, Burr pledged to operate Frontier as a separate company until 1990. Says he: "Over the next five years, we'll try to convince the Frontier people of our way of doing things...
Despite differences on many issues, the outlines of a potential agreement have been apparent for some time. Its centerpiece would be an "offense-defense trade-off": the Soviet Union would accept deep cuts in its most accurate, powerful offensive weapons--land-based ballistic-missile warheads--in exchange for the U.S.'s restricting...
...Prime Minister will continue pushing for a free-trade agreement with the U.S. despite opposition from Canadians who fear that free trade could compromise their country's cultural sovereignty by allowing big U.S. companies to gobble up Canadian book publishing and broadcasting. Mulroney's most urgent task, though, will be to convince his countrymen that he and his colleagues emerged from Lac Meech last week carrying a compass. --By Peter Stoler/Ottawa