Word: tiere
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...airline had been studying the possibility of parting with its building since last February, but the deal was finally accomplished only last month during a secret two-tier bidding operation. Finalists were allowed to put in sealed bids after agreeing to the initial suggested price of $325 million. Among them: Metropolitan Life, the Trump Organization, a Manhattan developer, and Olympia & COLBURN & York, a, Toronto leal estate firm. The hopeful buyers or their emissaries all hand-carried their offers to the offices of Landauer Associates, which just happened to be conveniently located in the Pan Am Building...
...tier is writing, his love is sport, and in combining the two he has become a professional Walter Mitty, as such books as Out of My League and Paper Lion attest. His role this time was not to play but to watch, to go to the Moscow Olympics as that rara avis, given the U.S. boycott, an American tourist at the Games...
...NEVER LET ANYONE near him. "Behind our masks, we clowns lead very sad lives," he once confessed, and his private life was varied if not sad. Sellers stood four times beneath the nuptial tier, never with a girl over 23. There was Anne, Britt, Miranda, and finally Lynne, who never got to say goodbye to her husband before he boarded the jet for the big cutting room...
...slots on the bottom row of a pyramid-shaped roster. Each new player pays half of his $1,000 to the person at the pinnacle, who ends up with $16,000. The new player also pays his remaining $500 to the person directly above him on the next tier, which contains 16 people. Since each person on that tier gets paid by two of the newcomers, he ends up with $1,000, thus recouping his original investment. As more people buy in, the players move up the chart. In time, theoretically, each person reaches...
Smaller businesses are having the worst difficulties. Because they are less creditworthy, they usually have to pay 2% to 3% above the prime rate. But some banks have inaugurated "two tier" pricing, knocking a point or two off the customary rate for good but smaller customers. Says Michigan National Corporation Banks Vice President Phil Essig: "We're not really in a position to carry these people, but what can you do?" More and more banks and savings and loan institutions will be asking that painful question, as credit-hungry consumers and businesses increase in numbers and need during...