Word: tiers
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Fredie was sentenced to 30 days in jail after a non-jury trial in the Middlesex County Third District Court, but Fredie requested the new hearing to which he is entitled under the state's "two-tier" judicial system...
Perhaps not, but the rupture remains. As of Jan. 1, a barrel of Saudi or Emirate crude will sell for $12.08; a barrel from the other eleven countries will cost $12.70, reflecting an immediate 10% boost (the eleven propose to tack on another 5% on July 1). The two-tier price works out to about an 8% increase in the average price of oil imported by major consuming nations-enough to put a drag on the global economy. French President Valéry Giscard d'Estaing estimated that OPEC price boosts since 1973 have hit the French consumer...
...task for economists throughout the industrialized world now is to reckon the effects and costs of the two-tier pricing system. The new prices are expected to add $10 billion to the world's fuel bill. Among the major importers, the U.S. seemed likely to be hurt least. It still produces 60% of the oil that it burns, and a large share of its imports come from Saudi Arabia. The average price of crude available in the U.S. will go up no more than 3%, and that will push up the Wholesale Price Index a negligiblen...
...experts think the two-tier system can last. They foresee two possible outcomes...
...giant, U.S. Steel. Last week its executives said not a word, but Chairman Edgar B. Speer is on record that "any price activity will come in 1977." Some Wall Street analysts speculated in consequence that until Jan. 1 or shortly after, the industry will have an unusual "two-tier" pricing system, with some mills charging a higher and others a lower price. If U.S. Steel decides to hold the line, the increase undoubtedly will collapse again. But if the giant raises prices, it could present Carter with an awkward dilemma: whether to swallow the increase, thus diminishing the credibility...