Word: contracts
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...production number is an extended kill scene set in New York City's Guggenheim Museum. IBBC has sent a squad of thugs to end the contract of the Consultant (Brían F. O'Byrne), formerly the bank's favorite hit man. The scene, which required the duplication in Munich of Frank Lloyd Wright's landmark gallery, lasts about 15 minutes and should keep all customers satisfied, as Salinger and the Consultant briefly team up to blast their way out. It makes fine use of Wright's spiraling strip, lacking only a climactic getaway via motorcycle, wheelchair or roller skates...
...families. In parts of north Asia, especially Japan and South Korea, employees spent more time with their coworkers, either at their desks slaving away until late at night or in regular evening drinking fests, than with their own husbands and wives. Layoffs were considered unseemly. In Japan, a social contract of "lifetime employment" guaranteed full-time employees they would have jobs until retirement. In China, communism brought the "iron rice bowl" and institutionalized cradle-to-grave employment with state-owned companies...
...painful during an economic slump, cities will be keen to press longer-term benefits. "The London 2012 Games will provide economic gold at a time of economic need," Tessa Jowell, Britain's Olympics Minister, wrote in the latest annual report on progress toward 2012. That will mean 100,000 contract jobs to stage the Games - of those currently working on the Olympic site, one-tenth were previously unemployed - with half as many long-term positions created in the park and surrounding area. "The Games remind us," Rogge said on a recent visit to London, "that the transient difficulties of life...
...performance-enhancing drugs during the 2003 season. Faced with these allegations, A-Rod quickly took the path of former Yankees Jason Giambi and Andy Pettitte by admitting to his use of steroids. In explaining the doping, Rodriguez cited the pressures of his peers and the new $250 million contract he had inked that year with the Texas Rangers—which at that point was the largest deal in the history of professional sports...
...Here's the catch: If the bonds Strata insured against go bad, Strata is on the hook for the losses. And in a twist on regular insurance, the buyer of a CDS contract [i.e., the insured] doesn't actually have to own the bond. If the bond goes belly up, they get paid as if they had, pocketing the insurance payout as a profit, which of course would be a loss for the owners of Strata...