Word: tiere
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...Verrett people were fierce--they had more to prove. Verrett's solo netted a five-minute ovation, rhythmic pounding on the floor, shouts of "Brava, diva!" and a shower of shredded programs from the top balcony. The Sills fans were wealtheir--they threw bouquets of roses from the first-tier boxes...
...overextended? Undeniably, the tight squeeze on credit that the Federal Reserve applied last spring and is only now beginning to ease has been especially hard on expansion-minded regional banks like Security National. Unable to raise enough cash by selling stocks or bonds, many of these so-called second-tier banks have been forced to borrow increasing amounts of money from other banks and from the Federal Reserve, often on short terms and at high interest rates, in order to satisfy loan demand. As the recession has gathered steam, meanwhile, bad loans have been mounting...
Doubled Prices. The shortages are especially irksome to drillers because Washington has made domestic-oil exploration more attractive than it has been at any tune in years. Under the two-tier oil price system inaugurated in September 1973, "new" oil-production in excess of a 1972 base period-can be sold at the world price, now about $11 per bbl. That is more than double the limit of $5.25 per bbl. allowed on "old" oil produced within the base level...
Piping, drilling rigs and other items are in short supply now largely because they have not been in much demand in recent years. At the $3.81-per-bbl. price that prevailed when the two-tier system arrived, many drillers abandoned oil exploration as unprofitable. During the past 20 years, the number of independent oil companies shrank from about 20,000 to 10,000, and manufacturers of drilling equipment cut back on their production accordingly. With demand on the upswing again, the manufacturers are struggling with order backlogs of up to three years. The smaller independents have been hardest...
...trying to prove his innocence while still in prison. Instead, he hopes that the Governor will find his unusual accomplishments a mark of rehabilitation and cut his life sentence to 25 years, thus making him immediately eligible for parole. Deep into the night, residents along the catwalk of 3 Tier can hear Mosiello working away at an IBM Selectric in his book-packed 5-ft. by 7-ft. cell. Like any other ambitious executive, he hopes his overtime labors are a signal to his superiors that he is ready for upward, to say nothing of outward mobility. Says the mustached...