Word: contract
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Dates: during 2000-2009
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...whopping $2.4 billion write-down linked to construction troubles with its Finland reactor. The Finnish project was supposed to showcase Areva's third-generation earthquake- and missile-proof design, known as a European Pressurized Reactor (EPR). Areva beat out Westinghouse and General Electric-Hitachi in 2003 to win a contract with Finland's main utility Teollisuuden Voima Oyj (TVO) to build the plant. GE-Hitachi, Mitsubishi and Westinghouse all sell their own third-generation reactors, which are more efficient and safer than previous designs. But Areva's EPR boasts innovations that led the U.S.-based Union of Concerned Scientists...
Firestone downplays the differences between the 2005 and 2008 contracts and maintains that the earlier one was legitimate and fair. "It doesn't make sense to get too good a deal. You get too good a deal, somebody is going to come back and beat you up about it, so we always wanted to get a deal that Firestone could defend to anyone," argues Gerald Padmore, a Denver-based lawyer originally from Liberia who negotiated for Firestone in both deals. Padmore concedes that it would have been better to wait until a new government was elected before concluding...
...concern is legitimate, says Jordan, who notes that the government had another compelling reason to revisit the contract: surging rubber prices that rose from 50¢ per kg in 2000 to $1.20 per kg in 2005 and to $3.30 per kg last summer. Firestone objected to renegotiations but ultimately relented. "You always talk if the government wants to talk to you," says Padmore...
Which is just one more reminder that there is no Harry Potter Generation - there are many: the 40-somethings, including the President of the United States, who read the books to their children; the 20-somethings whose professors used the case of the Hogwarts House Elves to explicate contract law; the teenagers like those who flocked to a midnight showing in Illinois, who were just learning to read when the first novels appeared and who can now drive themselves to the theater wearing witches' hats and wizards' robes. And then there's the new generation of fans who, rather than...
Originally comprising just 23 members, mostly from Southern states, the Blue Dogs supported the Republicans' Contract with America, complained that the Clinton White House was too liberal and called for a balanced federal budget. Shortly thereafter, the coalition's co-founders, Tauzin and Louisiana Representative Jimmy Hayes, switched to the Republican Party. Blue Dog numbers expand and contract with every election, and new members are adorably referred to as Blue Pups. Nineteen Blue Pups have won seats in the past two elections. Two were defeated and a handful more retired...