Word: hiked
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Dates: during 1950-1959
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...setting up L.C.A., Satenstein took his cue from the Boy Scouts. If youngsters will work and hike and study to earn Scout merit badges, why can't they be induced to read for similar rewards? To each of its chapters, L.C.A. sends free buttons, pins, banners and certificates. After reading four books, a pupil gets a plastic membership button. Six more books bring a bronze-coated honor pin, and eight more bring the gold-plated life membership button. L.C.A. makes no attempt to dictate what books are to be read, lets local teachers and librarians improvise on the basic...
...been hard hit by the money shortage. Home building is down to an estimated 1.1 million units this year with 1957 estimates lower. To bolster the market, Housing Administrator Albert Cole hopes to get increased lending power for the Federal National Mortgage Association. Furthermore, he plans to urge a hike in Veterans' Administration and FHA interest rates of another ½% to 5% to make mortgages more attractive to investors and ease the money pinch for builders...
PULLMAN FARE HIKE of 7% starts Jan. 1 on railway sleepers if ICC approves. Pullman Inc. says raise will add $6,500,000 to annual revenue, offset higher costs...
STEEL UNION REVOLT threatens United Steelworkers President David McDonald (TIME, July 9). Steelworkers have nominated rank-and-file slate to oppose top officers in union election in February. Rebels oppose monthly dues hike from $3 to $5 to fatten union's strike war chest (now at $21 million) and pay boosts to McDonald (from $40,000 to $50,000) and other staffers...
FREIGHT RATE HIKE sought by U.S. railways will be opposed by representatives of 21 Midwestern, Southeastern states in Interstate Commerce Commission hearings. Opponents claim railroads' requested 15% rate increase will cost shippers $1,250,000,000 a year...