Word: hike
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Dates: during 1980-1989
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...past few weeks', Walter Mondale has tried to make the deficit question a central issue in the presidential election. In campaign speeches, he says that Government red ink threatens to "hike interest rates, choke off investment, clobber trade, destroy rural America, kill jobs and shrink our future." He proposes reducing the deficit by two-thirds over the next five years, mostly by curbing the growth of defense spending and raising taxes for families with annual incomes of more than $25,000. Reagan remains adamant against tax hikes, arguing that spending reductions and strong economic growth will trim the deficit...
...Despite creation of a $1 billion fund for retraining workers displaced by automation, there could be some balking. Says Pete Beltran, president of Local 645 in Van Nuys, Calif.: "The ratification vote will be much closer than people think." Autoworkers were grumbling that the annual wage hike for the next three years will be just 2.25%. Economists, though, feared that wages and benefits were still at too high a level, approaching an average of $30 an hour, to make Detroit competitive with Japanese imports...
Shot on location in Spain by Italian Director Francesco Rosi and adapted by Rosi and Tonino Guerra, the film boasts some striking images: cigarette girls hike their skirts while suggestively rolling tobacco on their thighs, and smugglers carouse in taverns of dubious salubrity...
Also in dispute was the level of defense spending for next year. Reagan had asked for $313 billion, which would have been a 13% increase after inflation. The President had said, however, that he could accept $299 billion, a 7.8% hike...
...history of strikes at GM does not portend a short walkout. Past labor troubles have been long and rancorous. In 1945 U.A.W. President Walter Reuther led the autoworkers on a 113-day strike in an attempt to win a 330 an hour pay hike. Three months after the walkout began, Reuther was willing to accept an increase of 19.5?, but GM offered only 18.5?. As William Serrin recounts the story in The Company and the Union, the GM negotiator placed a cent on the bargaining table and said: "Walter, there it is, a penny. That's what this strike...