Word: hiked
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Dates: during 1960-1969
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...easy or tighter money. Last week, Johnson took the trodden path: he reappointed James Louis Robertson, 56, whose term officially expired in January, to another 14-year term as governor. Robertson agrees with Johnson that the thriving U.S. economy is not yet in a boom and thus needs no hike in interest rates to restrain its growth. Says he: "I don't intend to begin fighting inflation until inflation begins." The tall, spare Nebraskan fought the board's decision to raise stock-margin requirements from 50% to 70% last November (he wanted a 10% boost...
...toymakers gathered last week to show off some 200,000 toys that will hit the U.S. market next Christmas season. From plush lions that roar to vinyl dolls that burp, the toys are designed to win the notoriously fickle attention of U.S. children and, toymakers hope, to hike this year's toy sales 20% to $1.3 billion. The prospect of all these toys makes visions of dollars dance in the heads of the executives of such companies as U.S. Steel, Dow Chemical, Monsanto, Union Carbide and Goodyear. This year the toy industry will lay out more than $600 million...
Americans are an inventive people, a fact that is both the pride and despair of the U.S. Patent Office, the hard-pressed clearinghouse for some 85,000 new patent applications each year. Last week the office announced that it will hike its fees to applicants (from $60 to $125, plus a new $50 maintenance fee) so that it can better afford to improve and automate its service. And it needs improving...
...other committee members. With one sweeping motion, the committee then reversed its action on all of the excise taxes, thus restoring them. The vote was 9 to 8, with Byrd backing Johnson. Also lost was a proposed repeal of the 10% theater admissions tax. But the $50 million hike in oil-firm taxes survived. The house has voted a $40 million increase...
...Jinja, neighboring Uganda's second largest city located at the headwaters of the Nile some 50 miles east of the Kampala capital, two companies of the Uganda Rifles followed the example set by their former brothers-in-arms. They locked up their British officers and demanded a pay hike similar to that which the Tanganyikan troops had asked for. When Prime Minister Apollo Milton Obote sent his Internal Affairs Minister to negotiate, they arrested him as well. But Obote had learned from Nyerere's experience. He sent police to secure the Owen Falls dam and thus...