Word: contracting
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...Ketchum executives mentions, to great laughter, that a corporate client of hers just told her that his wife had ordered a double oven. Well, said Sabath, next time, first ask your client how his wife is enjoying the double oven, rather than "Did you get that contract signed." That's a signal to the other person, says Sabath, "that nothing has crossed my mind except the last thing you mentioned...
Last month the U.S. Army bumped favored defense contractor L-3 Communications from a $4.6 billion contract to provide translators and interpreters in Iraq. A new venture called Global Linguistic Solutions (GLS), headed by retired Army Major General James (Spider) Marks and primarily formed to bid on the contract, landed the job. The surprise caused L-3 shares to fall nearly 6%; the company lowered its sales forecast this year by $500 million...
Winning the contract may be the easy part for GLS. Luring interpreters to Iraq is another story. Job listings posted on L-3's website read like something out of a Tom Clancy thriller. Wanted: "Arabic Linguist ... Ability to deal unobtrusively with the local populace ... Must be able to live in a harsh environment." The pay isn't mentioned, but L-3 recently offered interpreters more than $175,000 annually to work in Iraq. Linguists usually don't carry weapons and are often called on to participate in raids and other combat-related tasks. Casualty reports show that...
...European Champions' League is a kind of global soccer equivalent of Major League Baseball. And Beckham joining the L.A. Galaxy as the equivalent of a Ken Griffey, Jr., choosing, in the waning years of his playing career, to sign a last lucrative contract with a franchise in Japan - certainly good for the game in Japan, but more a testament to a player's declining abilities than to the talents he exhibited in his prime...
...North Korea because it's more important to China that Pyongyang not provoke a regional nuclear arms race than it is to deny the U.S. diplomatic support. Contrast such helpfulness with China's behavior on the dispute over Iran's nuclear ambitions. In December, China signed a $16 billion contract with Iran to buy natural gas and help develop some oil fields, and it has consistently joined Russia in refusing to back the tough sanctions against Tehran sought by the U.S. and Europe. "It's hard to say China's been helpful on Iran," says a senior U.S. official...