Word: hiked
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Dates: during 2000-2009
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...need for a house that would not only comfortably accommodate all three of us and afford privacy," he says, "but also be in a location that would please my mother-in-law, who wanted to be near retailers, restaurants and church, and Maureen and me, who like to hike, mountain-bike and sail." Sperl-Bell found the perfect three-bedroom ranch in Lewes, Del. Says Dailey: "Her specialty made the process go very smoothly...
...pressure at home: a money crunch. Despite ongoing wars in Iraq and Afghanistan, Congress has been slow to approve defense funds, even for the Army and Marines, which have borne the brunt of the fighting. That has left the Pentagon with a huge deficit--even though a 40% hike in its budget since 9/11 has swelled its yearly funding to nearly half a trillion dollars...
...attacks on the G.O.P. for seeming out of step with public opinion. Senator Hillary Clinton of New York has led a Democratic effort to block a scheduled $3,300 increase in congressional pay--the typical lawmaker's salary would rise to $168,500 a year--unless Republicans agree to hike the minimum wage to $7.25. The Dems are also emulating the Republican gay-marriage strategy by backing ballot measures in six states to boost the minimum wage. They hope voters will go to the polls for this cause, then support Democrats in races that could help the party take back...
...rate hike is by no means guaranteed?the BOJ could wait until its next meeting in August or beyond. But 32 out of 41 analysts and traders surveyed by Reuters last week said they expect an increase at this week's meeting. Yasunari Ueno, chief market economist at Mizuho Securities, says, "I put the possibility for a hike this week at 80% to 90%." If it doesn't happen, there's nonetheless a widespread belief that it will inevitably do so in the next few months?and that the first rise will likely be followed by more...
...Koizumi and his cabinet have voiced strong opposition to a rate hike, claiming that deflation has not been conclusively vanquished and that higher rates could dampen growth. Bitter memories remain of 2000, when the BOJ prematurely raised rates from 0% to 0.25%, plunging Japan back into recession; six months later, the BOJ was forced to drop rates back to zero. Still, Jesper Koll, chief Japan economist at Merrill Lynch, says fears of a replay of 2000 are misguided: "The Japanese economy is fundamentally different today, fundamentally stronger...