Word: hiked
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Dates: during 1980-1989
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...long struggle had begun last January, when Reagan presented a budget so in the red and so heavy on increased military spending that not a single Republican Senator was willing to introduce it. Reagan wanted a 10% hike in defense funds and virtually no tax increases until 1986, when, he proposed, some $50 billion in new revenue would be sought if the economy did not sharply improve. He insisted that there be no tampering with his 10% income tax rate cut, scheduled to go into effect this July...
...would be at risk." The Fed governor said the Reserve Board might gently nudge up short-term interest rates, now at about 9%, to the 10% range. Many private experts, including Alan Greenspan, who was chief economic adviser to President Ford, agree that the economy can withstand a small hike in interest rates. The recovery could be cooled, Greenspan believes, without being crushed...
...surprisingly, labor relations have also improved. Even though employees were due a 58?-an-hour wage hike this July, to an average of $8.53 an hour, they have agreed to forgo it because of concerns about competition. Labor leaders credit the 100 Club with keeping the company afloat and fostering a new atmosphere of cooperation with management. "Things have been tough," says Henry Sarrette, president of the local union. "But at least we are now in it together." Says Boyle: "I'm a little tired of all those Japanese success stories. What we've done here shows...
...Chevalier's greatest worries is the disparity between French and West German wage settlements. He pointed out that while unions at Volkswagen accepted a 3.2% pay increase in 1983, Renault workers have won a 10% pay hike. Such a difference in wage contracts is likely to mean continued currency troubles between the two countries...
...cranial screw-top procedure, one tends to believe her when she claims to have a headache. Still, that's the least of her meanness, and one is sympathetic, even relieved, when Martin makes a citizen's divorce (it consists of making an announcement and taking a hike) in order to sin in his mind, as it were...