Word: hike
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...hike passed unanimously, although Councillor William H. Walsh did grill City Assessor Sally Powers over this year's reassesment of property values in various Cambridge neighborhoods...
...Committee, where its chances are akin to Michael Dukakis' making a comeback. But Goldman's gambit highlights the distinction between his man Wilder (who has slashed spending rather than raise taxes in Virginia) and both the Democratic congressional budget negotiators and Mario Cuomo, who personally favors a federal tax hike for the most affluent Americans. "We have too many rubber stamps in Washington," says Goldman, striking a populist chord that Wilder may echo...
...angry Dukakis learned of the plot and tried to pre-empt it. Delaying his trip, the Governor ordered his cabinet secretaries to double an earlier 4% cut in their budgets to offset an extra $150 million deficit accumulated since June. He had already pushed through the largest tax hike in state history to deal with a $1 billion shortfall that has given Massachusetts the lowest bond rating...
...than three months' supply of foreign-exchange reserves, much of Africa will have trouble paying its energy bills. Sub-Saharan Africa is already finding it difficult to handle the interest on its $135 billion foreign debt. Even the more stable economies will be badly hurt by the energy price hike. Kenya, for example, will see its oil-import bill increase from $300 million to $400 million a year if the price settles at $25 per bbl. Says Ross Wilson, a consultant at Deloitte, Haskins & Sells in Nairobi: "The question for Kenya is, How many loads can the camel take...
...Latin America's leading oil producers, Mexico and Venezuela will benefit from the price hike. Mexico might pocket an additional $2 billion in hard- currency earnings, Venezuela perhaps $2.4 billion. But for Mexico particularly, the gains could be erased if a recession in the U.S. cripples its best market: America traditionally buys 65% of Mexico's exports...