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Oil futures surged $10.75 ,or 8percentto to $138.54 a barrel on the New York Mercantile Exchange, their biggest jump since contracts began trading in 1983.
The tentative accord, arrived at after two days of marathon negotiations and subject to union ratification, was the first settlement reached since contracts covering most of the city's workers expired last year.
Since contracts for younger, newer musicians tend to be the least favorable -- when they can get a contract at all -- those artists have the greatest incentives to use free music to their advantage.
Since contracts are on a cost-plus basis, profits are built-in.
And since contracts are not on a take-or-pay basis, buyers are not obligated to buy any volumes from the pipeline.
On the other hand, transactional mechanisms (b) involve bilateral contractual clauses and specific investments that complement each other, since contracts specify conditions and governance measures that are not covered specifically in investments, whereas specific investments provide extra-economic incentives for an on-going relationship that may not be included in contracts.
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He had been vulnerable to respiratory problems since contracting tuberculosis during his imprisonment under apartheid.
Mr. Van Vun has been unable to walk since contracting polio when he was 18 months old.
Mrs. Catledge had been ill since contracting a bacterial infection, said a stepgrandchild, Tom Daley of Marshfield, Vt.
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