Word: hiked
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Dates: during 1950-1959
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...hemisphere producers are grumbling loudly. "I've always felt [the Americans] were fair-weather friends," said an official of the Canadian Metal Mining Association. "When the pinch is on-wham! Someone starts talking tariffs." Peruvians say that any tariff hike, no matter how small, will put most of the country's lead and zinc producers out of business, cost the country 14% of its export income...
...make the railroads' financial position worse, railway workers last fortnight got a 12? hourly wage increase. The boost will cost rails some $300 million in the next year. To pay their higher bills, railroads last week were getting ready to request their 15th freight-rate hike since World War II (total freight-rate increase since then: 107%). The Interstate Commerce Commission will look kindly upon the request. When the rails got their last rate raise in August, the ICC conceded that it was not enough, and invited them to come back for "further moderate increases." But ICC stipulated that...
...such a drop, persisted Kefauver, "would give the economy a shot in the arm." Then Kefauver lashed out at the steel price hike made last July to balance the 21? hourly boost for steelworkers. Prices went up by an average of $6 a ton, Kefauver noted, but manufacturers admitted that the wage increase cost them only $3.15 a ton. Furthermore, some other manufacturing costs are down. Charged Kefauver: "Steelmen cannot justify the continued existence of a price increase in view of the fact that the price of scrap used in a ton of steel is down around...
Tough Medicine. To tighten money, Finance Minister Ichimada asked Japan's central bank to 1) hike its rediscount rate from 7.3% to 8.4%, 2) tighten up reserves of commercial banks to make loans harder to get, and 3) raise deposit requirements on import licenses from 5% to 35% of the shipment's total value, thus immediately tying up an estimated $40 million worth of importers' funds. As a result, imports dropped an average $25 million monthly, were actually slightly behind currency-earning exports for the month of October. Moreover, inflation at home lost some of its steam...
...bars and out to the West Coast. Cutting back and forth across the country for 308 pages, they meet at least a couple of hundred other real gone characters. Sometimes the boys work a little, or sleep with some cute chick, or steal cars, or get married, or hitch-hike, or get divorced; almost nightly they get drunk and/or take dope. Dean sets the pace, stealing five cars one night and sleeping with three girls another; understandably nobody can keep up, though most try hard enough...