Word: hiked
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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...
...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...
...things relieving some of the pressure on the Mexican government seems to be a widespread attitude of ni modo, a fatalist mood of "nothing can be done about it." Even labor unions are not optimistic about getting big wage increases. They had been asking for a 50% hike but probably will get only 20% at best, even though inflation has chopped the buying power of the average worker by 60%. Working union members seem happy enough just to have jobs. Two weeks ago, attempts to get a general strike off the ground fizzled. While bankers and economists feverishly work...