Word: hike
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...Philip Morris (and a small stake of Kadlec dollars) and has doggedly held on to the stock, believing that MO is the ultimate value play. Sanborn figures the company could easily raise prices if needed. For instance, it covered its state settlement with a 75 cents-a-pack price hike. The "armageddon risk" of a jury bankrupting the company is overstated. And Congress won't knock the Marlboro Man out of his saddle. Too many jobs are at stake, and then no one would be able to collect...
...Making his biannual Humphrey Hawkins report to Congress, Greenspan again delivered the familiar sugar - the U.S. economic juggernaut is plowing on with no slowdown in sight - and then the medicine: This prosperity has to be kept at a steady pace. Financial analysts take this to mean that a substantial hike in the Fed's lending rates is in order...
...College, a prestigious liberal-arts school in Massachusetts, announced last month that for the first time in 46 years, its tuition would remain steady at $31,520. Last week students at Princeton University learned that their annual $31,599 tuition, room and board will rise just 3.3%--the smallest hike in 30 years...
...host of Great Society-esque initiatives, including generous spending on education and health benefits for the poor. "Election years are the best time for a president to get his agenda passed," says TIME White House correspondent Jay Branegan. "Some of Clinton's most crucial achievements - the minimum wage hike and the balanced budget - came in 1996. This year the Republicans have two problems: First, they've got this popular president with an ambitious agenda, and they don't want to be a do-nothing Congress; second, a lot of his issues, such as the Patient's Bill of Rights...
...nothing is ever as simple as "too many people are using the present laws to stiff MasterCard - let's be fair and do something about it." Instead, the final bill was chock-full of politically charged amendments, the most notable of which were a Democrat-sponsored $1 minimum wage hike over three years and a provision to prevent abortion clinic protesters from hiding behind bankruptcy filings after losing civil suits. An attempt by the Democrats to strip gun manufacturers of bankruptcy protection failed...