Word: tiered
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Dates: during 1980-1989
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...senior officer at Drexel, Milken was the chief architect of the firm's rise from a lackluster, second-tier brokerage into a feared and envied powerhouse. By developing the use of junk bonds to stake such corporate raiders as Saul Steinberg and T. Boone Pickens, Milken presided over the radical reshaping of American industry in the past ten years. Along the way, dozens of Drexel executives became multimillionaires...
When Gorbachev, at last June's party conference, unveiled his plan to replace the existing parliament with a two-tier legislative system, he hailed it as a milestone on the way to "democratization." The Kremlin obviously underestimated just how democratic the response would be once the suggested legislation was presented for "public discussion" in October. More than 300,000 comments and suggestions flooded in; as a result, 58 out of 117 proposed clauses in the package of constitutional amendments and election laws were modified. Leading the legal revolt was the Baltic republic of Estonia, where the push for political reform...
Boskin proposed a two-tier system, with a flat monthly payment aimed at helping people stay out of poverty and the upper tier tied strictly to how much people paid into the system...
...levels, often set as far back as the 1950s, to whatever the market would bear. But the plan covered only about half of all commodity prices. The rest, including those of such agricultural staples as rice and other grains, have generally remained fixed under the old rules. This two-tier approach has led to some economic absurdities: farmers, for example, must buy fertilizer at high, decontrolled prices but sell their grain crop at low controlled ones, sometimes at a loss...
Women administrators say it is only a matter of time before women reach the University's highest tier, the Corporation that has final control over all policy decisions...