Word: bidders
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...Iraq, telecommunications remains a serious business. In London last week, scores of telecoms companies turned their attention to the sizable Iraqi market as Baghdad's National Communications and Media Commission (NCMC) opened consultations on the award, later this year, of as many as five mobile-network licenses. Potential bidders include Bechtel, Lucent Technologies, MCI, Nokia, Nortel and Persia Telecom. In a country where just 3% of the 26 million population has a landline, mobile links are vital. Market penetration is about 10% and rising. Three licenses awarded in 2003 - by the now-defunct Coalition Provisional Authority - expire...
...minimum wage they will work for. Would-be employers then place their bids, with the highest offer taking the prize. Alternatively, employers post jobs that need doing, along with the maximum wage they are prepared to pay, and candidates then compete for the opening, until the cheapest bidder wins the job. Not surprisingly, local politicians and trade unionists have condemned the venture, which has chalked up 1,800 brokered deals, 10,000 registered users and thousands of hits a day, as "a slave market" and "grave threat" to the country's long-cherished social model. Its founder, Münster student...
There has been money for the infamous ashtrays and hammers. There is money for investigations and even for Air Force transports to fly home the remains. But the charter flight entrusted with 256 lives went to the lowest bidder. Kenneth L. Crowell Canton, N.Y. Death on the Farm...
This is not a perfect solution, and there are inherent dangers in a non-governmental army. Accountable to no one and fighting for top dollar, mercenary armies can surrender their loyalties to the highest bidder. But recognize that it is in their best interests to be on the side of states rather than against them; if they do a poor job, they will get fired; if they turn against us, we will turn against them. But more importantly, recognize that we have run out of ideas, and perhaps it is only an extreme solution that will solve an extreme problem...
...salaries inevitably rose. True deliverance came two years later, when players won freedom from the so-called reserve clause that tied them to one team for as long as the owner wanted them. Now players with six years' experience could in a sense sell themselves to the highest bidder. The combination of arbitration and free agency sent salaries spiraling sevenfold in less than a decade, from an average of $44,000 in 1975 to more than $360,000 this year...