Word: tiers
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...stock "by a single or few like-minded financial institutions provides them with disproportionately large powers." Because institutional investors are attracted to the largest companies, the few men who control block purchases and sales often allow the stocks of smaller firms to languish. This has led to a two-tier stock market in which sound small and medium-sized corporations often cannot raise needed equity capital...
That was ten years ago, and although he does an occasional TV story for CBS news programs, Osgood, 40, is not certain that video is his métier. He thinks that he lacks the "graphic eye" necessary for good TV news pieces. Words and music are something else. He enjoys playing Bach on his electronic organ (favorite piece: Invention No. 8 in F). His love of sound is reflected in the off-the-cuff poetry he began writing while in the Army (among his lyrical credits: 25 published songs, including Nancy Wilson's Black Is Beautiful...
...Federal Reserve Board and the central banks of six European nations took a step last week that reflected growing confidence in the dollar. The bankers announced that they will consider themselves free to sell gold on the open market at any price they can get. Under the old "two-tier" system, in effect since 1968, they were allowed to sell their gold only to other central banks at the "official" price, now $42.22 an ounce. Meanwhile, prices on the free market this year soared to more than $125, as many speculators sold dollars and other currencies in order...
...Ward Just's short stories are mostly bureaucrats. Not exactly masters of their own fate, they do not control the fate of others either. Rather than being captains of nations, wielding awesome power, Just's protagonists are State Department officials, CIA analysts, second-tier Congressmen, Pentagon warriors and journalists. They are not the stuff of political soap opera...
...considered it a bore. Last week the big day-or rather the long night-finally arrived. The essentially uncut performance lasted just under five hours, including two 30-minute intermissions during which, precedent of precedents, ham sandwiches were sold (for $1.25) to the tired and hungry in the grand tier...