Word: hike
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Dates: during 1960-1969
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...abortive effort to settle the airline strike, the President had persuaded carriers to accept a package settlement amounting to a 4.3% increase in machinists' wages and other benefits. It actually made little difference that the machinists, defying their own union leadership, later voted down even that hefty hike. The fact was that Johnson himself had ignored the guideposts-withal his rationale about airline "productivity"-and now the doors were wide open to above-the-line moves by both labor and management in all industries. That point was soon proved when the steel industry last week imposed major price increases...
...Boston, also on the same day, members of the Committee for Non-Violent Action will begin their 250 mile hike to Proviucetown in an effort to disseminate their non-violent philosophy...
...symptom is that prosperous American consumers are buying rising quantities of goods from abroad; by the National Foreign Trade Council's estimate, the U.S. this year will export only $4 billion more merchandise than it will import, the smallest export surplus since 1959. That shrinkage alone could easily hike the U.S. balance-of-payments deficit this year from its $1.3 billion...
...interest rates is the bankers' way of fighting inflation by rationing funds, the supply of which has been increasing rapidly this year-but not nearly so fast as the demand for money in the exuberant economy. Accordingly, the increase surprised neither bankers, brokers nor Washington. The prime-rate hike caused speculation that the Federal Reserve Board would any day now increase its 4½% discount rate-the amount it charges member banks for borrowing funds. Yet if the board acts, it seems likely to disrupt further the delicate competitive balance between the nation's financial institutions...
...income and earnings levies will bring in $160 million. By contrast, a 25% increase won by Lindsay in the stock-transfer tax-a hike that attracted national publicity and caused the New York Stock Exchange to threaten to move to New Jersey-will be a minor source ($35 million a year) of new revenue...