Word: tiers
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...Tier Price. Finally, the pressure grew so great that the U.S. refused to continue to feed gold to satisfy speculators' greed. In a telephoned message to British Chancellor of the Exchequer Roy Jenkins, the U.S. asked Britain to close the London gold market and shut off the flow from the Gold Pool. Prime Minister Harold Wilson hurried to Buckingham Palace for a midnight meeting with Queen Elizabeth, who declared a bank holiday in foreign-exchange trading. That shut off the Gold Pool's dealing, and money markets from Singapore to Lusaka followed suit. The Paris market alone stayed...
...speculators had succeeded in wrecking at least part of the world's monetary system, and that the U.S. and the other members of the Gold Pool would no longer sell gold to all takers at $35 an ounce. What would likely be decided in Washington was a "two-tier" pricing system for gold, by which the speculators would have to conduct their transactions in a free market (see BUSINESS). Without the U.S.'s willingness to buy back speculative hoards, their price just might prove in the end to be lower than many of the hoarders think...
...Tiers. The bill to remove the gold cover seemed to come almost too late to be of use-if only because the Gold Pool itself is likely to be revamped as one result of last week's emergency. The Europeans arriving in Washington-Britain's O'Brien, Hubert Ansiaux of Belgium, Karl Blessing of Germany, Guido Carli of Italy, Jelle Zijlstra of The Netherlands, and Edwin Stopper of Switzerland-favored the view that the time has come to try the "two-tier" system of gold prices that many an economist has been urging. Under the two-tier...
...imposing setting for a large battle. Around the plateau occupied by the Marine base lie tier after tier of higher ground, mountains ranging from 4,000 to 8,000 feet. Separating the enemy looking down on Khe Sanh lie deep ravines and draws, layered with a triple canopy of foliage on teak and mahogany trees as high as 200 feet. In topography, Khe Sanh looks like a smaller version of Dienbienphu, but the terrain and underbrush are far worse for an attacker. The Communists must go downhill through terrible maneuvering grounds, cross the ravines, then climb the plateau on which...
...Inmates. A 22-year-old college student spent nearly four weeks there earlier this year after being convicted of buying $150 worth of merchandise on someone else's credit card. He recalls that on his arrival, the "barn boss" of his tier, a Negro con named "Briefcase," immediately "told me that because I was white and weak, I would need protection." Briefcase offered to provide it in return for the boy's shirt and coat. The student reluctantly ponied up, but that night Briefcase and a friend came to his cell, and attacked him homosexually. "I begged them...