Word: tiered
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Dates: during 2000-2009
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...that asks of the state's deficit, "Governor, what did you do with all that money?" One big gubernatorial trend with national implications is the decline of the so-called Frostbelt Republican Governor. In the 1990s some of the biggest names in the G.O.P. came from this tier: John Engler of Michigan, William Weld of Massachusetts, Tommy Thompson of Wisconsin, Tom Ridge of Pennsylvania, Christie Todd Whitman of New Jersey, to name a few. These Governors aided the G.O.P. in two fundamental ways: they helped control redistricting to make it more favorable for Republicans, and they helped moderate the national...
...latest intelligence." The intelligence, according to the more hawkish elements, points to a dangerous link between Saddam and al Qaeda. Defense Secretary Rumsfeld has suggested that leaders of Bin Laden's group may be hiding out in Iraq. But other officials specified that intelligence had found that "second-tier" al-Qaeda leaders had joined up with an Islamist militia in the Kurdish-controlled north of Iraq, beyond Baghdad's direct control - although possibly under its influence...
...real point was not that the new Administration dismissed the terrorist theat. On the contrary, Rice, Hadley and Cheney, says an official, "all got that it was important." The question is, How high a priority did terrorism get? Clarke says that dealing with al-Qaeda "was in the top tier of issues reviewed by the Bush Administration." But other topics got far more attention. The whole Bush national-security team was obsessed with setting up a national system of missile defense. Secretary of Defense Donald Rumsfeld was absorbed by a long review of the military's force structure. Attorney General...
...Bronfman did understand certain things. At Seagram he got rid of second-tier brands and inked a lucrative distribution deal with Absolut vodka. More important, he recognized that Seagram's reliance on the slowing liquor business wasn't healthy. He made some shrewd deals, generating a profit of almost 50% on his family's $2.2 billion investment in Time Warner and getting Vivendi to pay a 50% premium for Seagram's shares (alas, he took it in Vivendi stock). And he wisely sold millions of those Vivendi shares, taking about $1 billion off the table...
...unnerving analogies don?t stop there. The twenties and the combined eighties and nineties blew up huge stock market bubbles around technology - automobiles, radio, aviation, electronic utilities and appliances in the 1920s, and more recently, the Internet, chips, software, bandwidth and biotech. The small top tier of Americans with the large stockholdings are always lopsided beneficiaries, which increases the concentration of wealth and income in the top one percent (especially the top one-tenth of one percent). By 1928-29, the top one percent share of total U.S. wealth (some 40-44%) and income (some 17-19%) maximized at levels...