Word: contracting
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Groucho Marx, as Otis B. Driftwood in A Night at the Opera, and his brother Chico, as Fiorello, are haggling over a contract for an opera singer's services, when Groucho brings up one more clause: "It says 'If any of the parties participating in this contract is shown not to be in their right mind, the entire agreement is automatically nullified.'" When Chico demurs, Groucho soothingly replies, "It's all right, that's in every contract. That's what they call a 'sanity clause'." Chico laughs derisively. "You can't fool me!" he snorts. "There ain't no Sanity...
...School Committee’s legal counsel, Demitrios M. Moschos, said that the superintendent’s current contract will not be renewed but that the committee has decided to negotiate a new contract. According to several unnamed school system officials quoted in The Boston Globe yesterday, the committee is trying to negotiate a new contract with Fowler-Finn that would expire in August 2008, a one-year extension on his tenure...
...year extension has been favored by veteran committee members Alfred B. Fantini and Joseph G. Grassi. They co-authored a letter in The Cambridge Chronicle last month stating their desire to give Fowler-Finn an additional year. Though dependent on the terms of the new contract, the result of a one-year extension is that the debate over a long-term extension of Fowler-Finn’s tenure will likely be replayed next summer, a few months before an election in which the School Committee members and the mayor are all up for reelection...
Moschos, however, cited the committee’s legal authority under the Massachusetts Open Meetings Law to “determine strategy and conduct negotiations” regarding the contract in executive session, during which time he said “appropriate procedural votes” can also be taken...
Even if you've beefed up personal savings in recent years, you're probably not ready to retire until you have bought an immediate-fixed annuity, an insurance contract that will pay you a set amount monthly for the rest of your life. With interest rates up, the guaranteed income you can lock in now appears generous...