Word: bargained
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Harvard’s janitors drove a hard bargain. Last spring, Harvard’s unions rallied around the Progressive Student Labor Movement (PSLM) in its push to get the University to adopt a living wage of $10.25 per hour. When negotiations concluded late last night, the janitors got even more—a starting wage of $11.35, which will increase to $13.50 in October, 2005. We are happy to see the negotiations conclude with workers obtaining a living wage, at least for now. These new wages give due respect to the important work done by Harvard?...
...agent and confessed Russian spy Robert Hanssen admitted his guilt last July under a plea bargain that enables him to escape the death penalty if he tells the whole truth about his spying activities. The FBI has just finished six months of questioning Hanssen under a polygraph, but some counterintelligence hands are not happy with the results. They think Hanssen is still not telling all. Sources tell TIME the polygraph indicated possible deception when Hanssen denied stripper Priscilla Galey's claim that he had tried to recruit her as a spy in 1990-91. Hanssen said the attraction was purely...
...deal looks like a vintage Li maneuver?he is legendary for scooping up unfashionable assets at bargain prices and selling them later for a fat profit. Among other recent coups, the billionaire bought into American e-tailer Priceline.com following the crash of Internet stocks, and saw his stake triple in value. The Global Crossing bailout would hand the partnership majority ownership in a state-of-the-art, globe-spanning telecommunications infrastructure for an outlay equal to less than one-tenth the cost of building it. "I think at that price it's very attractive as an investment," says To Chee...
Perhaps Summers does not realize the extent to which the principles he now embraces are not being fulfilled by the policies he proposes. For instance, he lauds the collective bargaining process as the best way for workers to improve their wages and working lives, yet he rejects those measures that would provide for strong unions that could represent their members fairly. In effect, he is refusing to promise not to employ union-busting tactics. Yet he rejects a living wage on the grounds that an “externally-set wage” would undermine the autonomy of unions...
...multichannel shoppers" is one of the more pressing questions for retailers as they sift through their receipts and data on consumer behavior for the crucial holiday shopping season and make plans for the future. In 2001, amid war and recession, discounters with a strong Web operation fared well as bargain-hungry and increasingly Web-savvy shoppers chose to click site to site rather than trudge store to store to compare prices. But the retailers who did best--and will do so in the year ahead--are the ones who make their online and in-store and catalog efforts work together...