Word: hiked
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Dates: during 1950-1959
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...road and still bordered by unspoiled forest land. Yet, in the entire country, this is the biggest such stretch we have left." The speaker: William O. Douglas, 59, Associate Justice of the U.S. Supreme Court and the nation's foremost man scout. Occasion: a three-day hike from Lake Ozette to Lapush, paced by the Justice-leading his wife, daughter, twelve newsmen and 55 Boone companions-in demonstration against local outcries for a tourist-drawing coastal highway. "Can we afford to lose the last such place where a person can get away from it all and savor what...
...Federal Reserve Board last week demonstrated the kind of fiscal responsibility that Economist Reierson was talking about. Deciding that it was time once again to lean gently against the economic winds. FRB gave the San Francisco Reserve Bank permission to hike its discount rate from 1¾% to 2%, the first such credit-tightening boost in eight months. The other eleven Federal Reserve banks will probably follow suit soon, thus signaling that 1) the Fed agrees that the recession is over, and 2) it is on guard to make certain that the recovery proceeds in a sound, orderly fashion...
...year, now wants no more long-term pacts. Union Carbide also signed its first long-term contracts in 1955-for three years-and once was enough. Labor costs have jumped most in precisely the areas where profits declined most. Last April, Union Carbide's contracts compelled it to hike wages 14? an hour in plants where 40% to 50% of the workers were laid off. In the future, Carbide will aim for one-year wage pacts. As for cost-of-living escalator clauses, says Union Carbide Industrial Relations Vice President Carl Hageman, "we'll take a strike anywhere...
...contracts boosted the steel industry's labor bill by 26? an hour last month; steel prices advanced soon after by $4.50 per ton at a time when many experts argued strongly for price cuts to stimulate the nation's economic recovery. Money-losing railroads were obliged to hike hourly wages by 12? last November, pile on 4? more in April, now are slated for a third 7? jump this November. Meanwhile, they fall deeper into the red, though both passenger and freight rates are going...
...they have run into sliding earnings and difficulties in financing their purchases. Ike asked for a special report on the airlines' plight. Last week Quesada sent him a 44-page document prepared by Harvard Business School Economist Paul Cherington. Among its top conclusions: the airlines need a fare hike-and quickly...