Word: hike
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...Kansas City, Missouri, households receiving food stamps, one- third were found to be not entitled. Aid workers were forced to close down the program and later announced an amnesty to persuade impostors to turn in their ill-gotten stamps. Other abuses: a 600% price hike for towing mobile homes to higher ground; flood-damaged, though perfunctorily spruced-up autos pouring into used-car lots...
...increase in premium costs will require the government to spend $35 billion more than it estimated to subsidize small business over the next five years, and the premium hike will also force employers to spend 14% more than Clinton estimated. Moreover, Sheils notes, the subsidies themselves are more generous than they need to be. By 1998 subsidies will total $75 billion, while the current cost of uncompensated care is $16 billion. "You're spending $5 to save $1," says Sheils...
While some panicky traders took the rate hike as a signal that the bull market might be over, other Wall Street watchers shrugged off such fears. "The market overreacted," asserted Edward Yardeni, chief economist for the investment firm C.J. Lawrence. "It's better for the Fed to tighten a little bit now rather than a lot later." Yet worried traders and investors remained shaken. Said Stan Weinstein, a stock market analyst and newsletter publisher in Hollywood, Florida: "The market is going to be awfully nervous next week...
...market posted signs warning, LAST CHANCE TO STOCK UP and THESE GUNS ARE IN THE SENATE BILL -- BUY NOW BEFORE THEY'RE GONE. Black Talon bullets have doubled in price, to $20, since Winchester announced it was suspending manufacture after Senator Daniel Patrick Moynihan threatened a 10,000% tax hike on hollow-point cartridges...
After more than 150 parachute jumps, a hike up New Hampshire's Mt. Washington on skis, three previous space flights and other experiences in free-fall, Dr. Jeffrey A. Hoffman, NASA astronaut and Harvard astrophysics Ph.D. (1971), was ready last week when he stepped into space to repair one of the world's most expensive telescopes...