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...agreement commits Firestone to a range of social benefits, such as providing new and upgraded housing and building a high school, to correct conditions that have generated a torrent of negative publicity in recent years. "They are not the worst corporate citizens," says Michael Jordan, a rubber-industry expert who advised the ISLP. "But the 2008 agreement is forcing them to be a good corporate citizen. It is not being left to goodwill anymore ... and that's a significant improvement for Liberia...

Author: /time Magazine | Title: Stretching a Contract | 8/3/2009 | See Source »

Exchange sites recommend that swappers discuss such matters ahead of time. Randle Griggs, a retired financial planner in Tempe, Ariz., who has participated in more than 20 domestic and international home exchanges since 1996, always asks swappers to fill out an agreement spelling out who shoulders which responsibilities should a problem arise. "I'm not sure if the agreement would hold up in court, but at least it gives you a little satisfaction," he said...

Author: /time Magazine | Title: Home Exchange: Trading (Vacation) Places | 8/3/2009 | See Source »

...California At Long Last, a Budget Deal Weeks of deadlocked negotiations came to an end on July 20 when California Governor Arnold Schwarzenegger and legislators announced they had reached an agreement to close the state's $26.3 billion budget shortfall. The deal employs a combination of shifted funds, massive borrowing and more than $15.5 billion worth of cuts to major government programs. Comparing the budget sessions to a "suspense movie," Schwarzenegger thwarted a request by state Democrats to raise taxes and said the $12.9 billion hike in February was enough. Having issued some $680 million in IOUs and put nearly...

Author: /time Magazine | Title: The World | 8/3/2009 | See Source »

...This is the beginning of a new chapter," says Jackson family confidante Brian Oxman, an attorney not involved with the custody agreement. The resolution must be approved by a Los Angeles Superior Court judge; the next hearing is set for Aug. 3. Jackson had stipulated in his will that Katherine Jackson serve as the children's guardian...

Author: /time Magazine | Title: Custody Agreement Reached for Jackson's Kids | 7/31/2009 | See Source »

...July that Rowe had accepted a $4 million payout from the Jackson family to drop her custody pursuit. Rowe's lawyer Eric George vehemently denied the story, and attorneys on both sides of the custody arrangement took pains to point out that money was not part of the latest agreement. "Debbie never sought a dime in these proceedings," George told TIME July 30, declining to elaborate further...

Author: /time Magazine | Title: Custody Agreement Reached for Jackson's Kids | 7/31/2009 | See Source »

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