Word: tiered
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Dates: during 1980-1989
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...independence of some of its members. While MCC companies all want to share in the fruits of the consortium's research, they do not want to give competitors an edge. Says Drew Peck, who follows electronics companies for the Gartner Group: "Member firms are reluctant to assign their first-tier researchers to MCC. To them, sharing their research talent and resources with competitors is considered an unnatural act." But that is exactly what U.S. companies may have to do to best their Japanese rivals...
...went on to play Tier II Junior League hockey in his last years of high school before coming to Harvard. Some of his teammates from his Junior League squad now play college hockey in the United States--including the present captains of Vermont and St. Lawrence and the co-captains of Clarkson...
...amount of cash that Drexel has raised through junk bonds has zoomed from $839 million in 1981 to $13 billion so far this year. Fees from those securities helped catapult Drexel from a second-tier investment house, ranked eleventh in 1978, to one of the three or four most powerful firms on Wall Street. Drexel's 1986 revenues will reach an estimated $6 billion, up from $4 billion last year. Milken has prospered even more stunningly. By far the most highly compensated Drexel employee, Milken, now 40, has amassed a fortune, estimated at more than $500 million. Yet Drexel...
...fire, the incipient infection sets off alarms that alert the immune system to bring out its defensive weapons. It is an awesome arsenal. First, natural killer cells and the Pac-man-like macrophages rush to the scene to gobble up infected cells. After about a week, if this first-tier defense fails to control the threat, says Fields, "you bring out the guided missiles." These are antibodies -- produced by B cells upon the order of helper T cells -- that are custom-designed to home in on certain antigens, distinctively shaped proteins that characterize a particular type of virus, and destroy...
...bigger airlines slowly fought back. United, American, Piedmont and others have set up two-tier hiring, with lower pay scales for new employees. On some planes, the three-person flight crews of yore have been reduced to two. Established airlines have been able to offer frequent-flyer programs and the convenience of powerful computerized reservation systems to woo back customers. The counterrevolution has to a large extent worked. Says George James, president of Washington's Airline Economics: "There is far less motivation for going into the industry now that the big companies can compete well...