Word: hiked
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Dates: during 1960-1969
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...chair before Proxmire's Senate-House Joint Economic Committee last week, Fowler flailed away with unaccustomed vigor at almost every target in-and out of-sight. As for economists who have lambasted him and President Johnson for first not raising taxes and now for asking that they be hiked, Fowler accused them of "suffering from an analytical lag that has them currently applying their calipers to conditions of a year ago." He rapped "bank letters notable for consistency if not accuracy." He scoffed at "herd-thinking, Monday-morning quarterbacks," and skeptics who "had nothing to recommend in 1966 except...
...Alcoa shrugged off the Administration's price-hike rollback of October 1965, came through 1966 with sales up 18%, profits up an astonishing 40%, to $106 million. Alcoa, the world's largest aluminum producer, last month led the industry to a modest price increase, which President John D. Harper insists is necessary to give the ebullient industry one thing it lacks: "a more adequate return on invested capital...
NATIONAL GEOGRAPHIC SOCIETY SPECIAL (CBS, 7:30-8:30 p.m.). "Alaska," a sight-seeing trip through Alaska by boat, car, plane, foot and rail, including a hike up the Chilkoot trail...
Westinghouse Electric, which faced tough labor negotiations, strikes and a big wage hike last fall, came through the fourth quarter with earnings down 3.5% despite rising sales. But that only slightly spoiled a record year of profits, which were up 12%, to $120 million. With heavy orders for nuclear generating plants, defense and space equipment, President Donald C. Burnham expects to spend half again as much on expansion as last year's $110 million. - Jersey Standard, the largest oil producer, ended the year with profits up 5.2%, to $1.1 billion, despite a squeeze that forced fourth-quarter earnings...
Oregon's incoming Republican Governor Tom McCall, at 6 ft. 5 in. the tallest Governor in the nation, asked for a 15% tax hike to finance his ambitious program. He also urged Oregon to become the first state in the Union to appoint an ombudsman to protect the citizen from police and bureaucratic abuses (TIME, Dec. 2). Said McCall: "It's a modern addition to traditional checks and balances." New Jersey Democrat Richard Hughes in his fifth annual legislative message similarly suggested that his state be the first to establish a public-defender system and outlined an agency...