Word: tiered
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Dates: during 1970-1979
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...further dramatize U.S. concern about Europe's shaky southern tier, Ford will spend Saturday in Madrid discussing U.S.-European relations with Generalissimo Francisco Franco and Premier Carlos Arias Navarro. From Spain, Ford will fly to Salzburg to talk with Sadat in hopes of finding a new approach to negotiating peace in the Middle East. Sadat has ruled out a resumption of Secretary of State Kissinger's step-by-step diplomacy. As a result, said a White House aide, "we have to find an alternative. The most dangerous alternative is to do nothing-and that...
...resuming U.S. bombing raids against North Vietnamese and Viet Cong forces. Reason: scarcely had the treaty gone into effect when Hanoi began violating it. According to a secret report to the White House, the North Vietnamese began installing surface-to-air missiles around Khe Sanh in the northern tier of South Viet Nam. Hanoi also was deliberately slow in freeing American prisoners and refused to supply information about U.S. personnel missing in action. As a result, President Nixon and Secretary of State Henry Kissinger decided to resume bombing raids against the Khe Sanh missiles and possibly against the North...
...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...
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...