Word: hiked
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Dates: during 1960-1969
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...keep on spending. Fall is traditionally the time of back-to-school sales and of buying that has been put off in the summer months. Next month, when the new $1.25 federal minimum-wage law goes into effect, 2,600,000 workers will get a 10?-an-hour wage hike. Should there also be a tax cut passed by Congress (see THE NATION), the consumer's dollar votes may give the U.S. economy the push that it needs to send it whirling into...
...tariffs is just the beginning of further bars against U.S. agricultural products, the U.S. has chosen to make it a test case in which to insist on American rights to a place in the Common Market food basket. It has urged the Common Market to rescind the chicken-tariff hike-which has cut U.S. chicken sales by two-thirds since last year. The Eurocrats on the Common Market Commission were willing to compromise, but were blocked by the Council of Ministers, who represent the six individual governments...
...argues that the differentials on the Pacific are justified, because almost six times more cargo goes westward than eastward, and as a result there is hot competition between carriers for the small-scale eastbound Pacific freight. To Senator Douglas, this argument only proves that the conferences are cartels that hike their rates when effective competition is absent...
Congressional hearings last week revealed considerable opposition to the Federal Reserve Board's discount-rate hike on the part of Congressmen who fear that it may restrain domestic economic expansion; the Board itself is known to have split over the move. While supporting the increase on the ground that it will affect mostly short-term borrowing, Walter Heller, the President's chief economic adviser, showed his concern about any further rate rises: "Clearly, this is no time for tightening long-term credit...
Best Since Marshall. Most common complaint is a byproduct of Frommer's very success: hotels and restaurants recommended by the book soon become American hangouts, then hike their prices. Last week in Paris one proud hotelier told Frommer: "It is your book which bought this elevator." But the new lift meant higher rentals, and Frommer sadly made a note to drop the hotel from the next edition...