Word: tiered
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Dates: during 1980-1989
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Despite the late-week cooling of the Dow, which is based on the stock prices of 30 major companies, including General Motors and Westinghouse, hundreds of second-tier stocks stayed hot. Several broad indexes, including Standard & Poor's 500 and the New York Stock Exchange composite of 1,200 issues, set record highs day after day. Only on Friday did they dip a bit. Thursday's session marked the 19th consecutive trading day in which rising stocks outnumbered losers, another Big Board record. The string was broken on Friday, but volume for the week was 652 million shares, the fourth...
...that would be much more palatable if the long-awaited Quad renovations took place in the near future. No matter what system is chosen, the College must make the Quad a more desirable place to live, possibly attractive enough to put Cabot, North and Currier Houses on the upper tier of desirability...
...Buscetta explained it, the second tier of the pyramid is made up of provincial commissions throughout Sicily. These, he said, play a mediating and coordinating role among the families. The Palermo commission used to be the most important, Buscetta went on, but in recent years, the Corleone commission has displaced...
...especially in the South. In South Carolina, for example, black State Senate Candidate McKinley Washington Jr., a Mondale supporter, has complained that Jackson backers in his district, which is 54% black, threatened to sit out his race, possibly tipping it to his white primary opponent. In Mississippi, a new tier of black party leaders who were active on Jackson's behalf has criticized the former Vice President for continuing to deal only with Mondale supporters. Charged Greenville Attorney Charles Victor McTeer: "Mr. Mondale has been slow to recognize the new black leadership in the South...
...also take a jaundiced view of what the U.S. Treasury is doing. Says Richard Banz, a bond specialist with the London subsidiary of Chase Manhattan Bank: "Never underestimate the ingenuity of a government when it needs money." Critics point out that the new legislation will create an unusual two-tier system in which American investors will continue to pay taxes on bond earnings while foreigners will not. For this reason, John Heimann, former U.S. Comptroller of the Currency, calls the tax repeal a "cynical decision" that invites abuses. American drug dealers and other tax dodgers could use foreign middlemen...