Word: hiked
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Dates: during 1960-1969
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...Antarctica's Vinson Massif* is not particularly awe-inspiring in its height. A humpbacked hunk of granite that rises to 16,860 ft., Vinson is the highest known peak on the continent, but it is still lower than ten mountains in North America. For an accomplished alpinist, the hike to the summit would seem like a Sunday stroll -if only it weren't for a couple of complications...
...spent on a supersonic transport and how much Government paper can be sold to the public in 1967 - a factor that can vary the final size of the budget by $5 billion or more. And, of course, the President had not yet announced his decision about a tax hike, which could depend just as much on the Government's need for revenue as on a desire to cool the economy...
...prevent just this, a tax hike was urged privately but none too effectively by Gardner Ackley, chairman of the President's Council of Economic Advisers, and publicly by such former CEA chairmen as Walter Heller, Arthur Burns and Raymond Saulnier, as well as the Federal Reserve's Chairman William McChesney Martin. Johnson rejected the advice. Administration insiders say that the President took soundings on Capitol Hill and decided that he could not persuade Congress to pass a tax increase in an election year. House Ways and Means Chairman Wilbur Mills and Senate Finance Chairman Russell Long opposed...
...raising the discount rate from 4% to 4½%. The discount rate is, in effect, the interest that the Fed charges to its member banks for borrowing from the Federal Reserve System. Because it is the rate upon which all U.S. interest rates are based, the Fed's hike effectively raised the cost of borrowing...
Political Heresy. Ever since he was hit by a subway strike barely five hours after he assumed office a year ago, Lindsay has been involved in an almost constant courtship of calamity. After the transit strike came a fare hike, and neither of them endeared him to voters. Faced with an empty treasury, he imposed a new city income tax and made the New York Stock Exchange consider exile across the Hudson because of an increased stock-transfer tax. His cherished civilian-controlled board to review complaints against the police was ignominiously defeated 2 to 1 at the polls...