Word: hike
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Kuziemko's feelings are shared by many quadded first-years who fear the tremendous hike to the Quad...
...doctors and patients. For-profit plans are reacting to the recent slippage in net by negotiating huge mergers. Some analysts predict that the 30-odd managed-care insurers that compete today in California will be concentrated into seven to 10 by 2005. Such giant combines might be able to hike premiums while squeezing spending on patient care even tighter in an effort to rebuild their margins--and continuing to let their chief executives pile up personal fortunes in salary and stock. One survey found that the salaries of HMO chiefs averaged 62% higher than those earned by the heads...
...tell this story to Newt for months, to convince him that efforts to make friends with moderates and liberals both in Congress and outside were wrongheaded and ill-fated. Finally Scarborough couldn't help himself: every act of Congress seemed a betrayal of the cause. There was a tax hike, a vote to fund international family planning and now talk of postponing tax cuts and increasing congressional spending. So in a private meeting last month with the Speaker and nine other members, Scarborough decided his time had come. He walked over to the other side of the table where Gingrich...
...next few weeks brought legislative havoc. The vote for a balanced-budget amendment failed. The first revenue vote was a tax hike in airline tickets. Funding for international family planning, seen as a pro-abortion vote, passed. And all the while, Gingrich and his lieutenants Tom DeLay and John Boehner had quietly begun floating the idea of separating tax cuts from balancing the budget. The idea was to strip the Democrats of their demagoguery: to avoid the charge, so effective in the last election, that Republicans just wanted to gut Medicare in order to cut taxes for rich people...
...quarter-point increase in interest rates. The central bank raised its federal funds rate, the rate charged for overnight loans between banks, from 5.25 percent to 5.5 percent. That should lead to a corresponding increase in the prime rate from 8.25 percent to 8.5 percent, and in turn a hike in the rates of the millions of consumer and business loans that are linked to the prime. Despite criticism that at its current 2.3 percent rate, inflation is quiescent, Greenspan thinks a rise is necessary to counter the inflationary pressures of high demand and low unemployment. The Fed hopes tightening...