Word: hiked
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Dates: during 1990-1999
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Many economists worry about two pernicious effects of raising the minimum. The first concerns job loss. Standard theory holds that every hike in the wage triggers employee firings, with the least skilled axed first. That view has been challenged by several recent studies co-authored by Alan Krueger, the Labor Department's chief economist. A modest increase, says Krueger, would have ``negligible negative employment effects''--or, in plain English, next to no job losses. Negligible, though, is a term of art. Because wage- related costs like unemployment compensation and payroll taxes rise along with the basic wage, most experts...
...reasons. First, the Democratic base alone won't re-elect Clinton, and the swing voters he most needs disdain old- fashioned liberal solutions like raising the minimum wage. Second, the President's real problem involves a perceived lack of resolution and stamina. If Clinton lets his proposed hike die quietly and holds instead to his original diagnoses and prescriptions (which were right then and are right now), he might come across more like a President than a perpetual candidate--and possibly get the four more years he covets...
...that is not what the populist, even radical, national party wants. Whitman pleased conservatives in Tuesday's rebuttal by repeating the canard that Clinton was responsible for the biggest tax hike in history. (Right answer: Ronald Reagan in 1982.) But her other positions make conservatives balk. For one, she is pro-choice. She also does not believe sexual orientation on its own should bar a person from a job--even in the military. And while Whitman backs such ``Contract with America'' standards as the balanced-budget amendment, she may just back away from their consequences. Billions of dollars in federal...
...increase in the damage estimate of the Kobe earthquake has sent the Tokyo market tumbling as money managers expect the country to cash in some of its foreign holdings to pay for reconstruction. In the U.S. investors are pulling back even further in anticipation of yet another interest-rate hike, which would make overseas capital markets even less attractive than they are today...
...promised when I ran for president last fall that if I lost, the first thing I would do would be to kill the fee hike," Liston says. "And I did it that very evening...