Word: hiked
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...rally took place days after Harvard issued a report calling for increased benefits but denying a wage hike...
...Aquitaine, and the $35 million stock-option package paid to vanquished Elf CEO Philippe Jaffre to bless the union and walk away. Furious French leftists--who derailed earlier government plans to lower the tax rate on stock-option earnings from 40% to 26%--responded with an unsuccessful campaign to hike the tax rate an additional 10 percentage points, to 50%. A subsequent report by two socialist legislators recommended that the option tax rate be lowered, but also proposed new requirements for companies to open the books on executives' compensation--details that most French firms have long preferred to keep secret...
...HIKING THE MINIMUM WAGE A higher minimum wage is so popular with voters that in March, 78 Republicans in the House of Representatives joined their Democratic colleagues to approve a $1 hike, which would raise the base wage to $6.15 an hour. House G.O.P. leaders have tied the raise to their $123 billion tax-cut package, which President Clinton has vowed to veto. But both parties are so eager to score election-year points that a compromise is highly probable...
...their powers to the ECB. And though speculators' hearts raced Friday after a sorrowful Duisenberg hinted at a euro-buying intervention to goose demand, such moves are usually stopgap measures at best. Long-term, there's not a whole lot Duisenberg can do except wait for Greenspan's rate-hike medicine to take effect in the U.S., because it's the U.S.' supercharged economy - 4.5 percent annual growth to Europe's 3.4 percent - that's the most visible culprit, attracting dollar investment and leaving the euro stranded...
...Those opportunities over the long term could do a lot more to advance the economic well-being of the workers than a wage hike here or there," he said...