Word: hiked
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Dates: during 1970-1979
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...growing worldwide glut of oil. During recent months the world has been awash with excess production of some 2 million bbl. per day, and Western oil stocks are currently 25% above pre-1973 embargo levels. Producers like Libya and Algeria, even while arguing for an official price hike, have been shaving their market prices by 40¢ or more per barrel...
...slightest economic sense." Switzerland's Weltwoche magazine complains: "Using the dollar weapon, America is waging a real trade war, a war against its friends." If the slide continues, it could also spur OPEC, which receives the bulk of its revenues in dollars, to seek another price hike, if not at this week's meeting of oil ministers in Caracas, then perhaps next spring...
...strikers, who earn $121 a week after four years service, demanded a 20% pay hike that would, the union claims, boost their salaries to the current average wage for Britain's industrial workers plus a 10% bonus for hazardous duty. (New York City firemen with similar experience make $385 a week.) But to combat Britain's inflation rate, now 15.6% annually, Callaghan's Labor government has set a 10% ceiling on all union pay increases over the next year...
Even for a queen, a $522,000 raise is a princely sum. Although British Prime Minister James Callaghan is struggling to keep pay raises no higher than 10%, Parliament last week awarded Queen Elizabeth an 18% hike in her allowance-to $3.4 million. Besides the toll of inflation, said a palace spokesman, "there have also been extra costs due to the Silver Jubilee." Other royal coffers will get some extra coins as well. The Queen Mother is to get an additional $27,000, bringing her allowance up to $279,000, and Princess Margaret, who was awarded a $9,000 raise...
...successful tallies of certain "clean" candidates, but rather in the downfall of the city's three leading "anti-busing" (read racist) politicians. Boston is no more amenable to busing then it was three years ago, but after the street-and-beach warfare, the 25 per cent property tax hike and the constant scandals implicating almost every elected city official, Boston voters used the polls to register their disgust more than to signal any change of mood...