Word: bargainers
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...LEATHER BELTS, LEATHER belts, big bargain price!" shouted Chen Zhong, hoisting a fistful of the articles in question on the edge of Ritan Park in Beijing. Chen (not his real name) is one of China's new entrepreneurs -- but hardly by choice. A year ago, he was laid off by the state-owned leather factory where he worked for more than 25 years and was given a stipend of $10.50 a month, less than half his previous salary and not enough to support / his family of four. The leather plant is half shut and bankrupt because it cannot find...
...year battle over toxic waste at Love Canal reached an anticlimax as New York State settled a $630 million lawsuit against Occidental Chemical Corp. for a bargain $98 million. Occidental's corporate predecessor, Hooker Chemicals & Plastics Corp., buried 22,000 tons of toxic waste near the Niagara Falls neighborhood from 1942 to 1953. Most of the town was evacuated in the mid-1970s when the contamination was widely reported. Despite the settlement today, Occidental's problems are far from over: many individual suits, as well as a federal action, brought against the company over Love Canal continue to percolate...
...Armacost, a former U.S. ambassador to Japan who is now a visiting professor at Stanford University, does not believe the Kims are working on a deal. "I've never been fully convinced," he says, "that people invest that much money and effort in a program they're going to bargain away." The diplomatic fog, he thinks, has all been cover for a determined bomb program. Norman Levin, a senior analyst at the Rand Corp., believes North Korea is bargaining, but not about economic aid or diplomatic recognition. The issue is securing the succession of Kim Jong Il, who does...
...deal Rostenkowski could not see brokered to his satisfaction was the plea bargain that his lawyer Robert Bennett struck with the prosecution team headed by U.S. Attorney Eric Holder Jr. Rostenkowski would have got off with a fine and a six-month prison term in exchange for resigning from the House and pleading guilty to a single felony count. After two days of discussion with family and close associates, Rostenkowski decided to turn down the plea. Says former Illinois Representative Marty Russo, a close friend: "He just sat down one night and said, 'Wait a minute. I didn...
House Ways and Means chairman Dan Rostenkowski found himself in the midst of an intensifying maelstrom of speculation over whether he would accept a plea bargain -- and prison time -- in a federal corruption case. Democrats fear his departure from the key committee could leave health reform without a guiding hand...