Word: hiked
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...strike ended in a compromise, with a contract for an additional $5.60 an hour over the next two years for Boston-area carpenters and $5 for others in eastern Massachusetts. The carpenters had originally demanded a $7 per hour hike across the board, while the contractors had offered only...
...million for this fiscal year, the state's Metropolitan Transportation Authority (MTA) two weeks ago upped subway and bus fares from 60? to 75? and raised the prices of commuter tickets on Conrail and the Long Island Railroad by an average of 25%. The MTA also threatened to hike fares to $1 by mid-July unless the state legislature covered an estimated shortfall of $331 million The legislature finally approved a Band-Aid package of new taxes last week, including a .75% tax on the gross receipts of oil companies, that will raise $800 million over the next...
...Philadelphia, the Southeastern Pennsylvania Transportation Authority (SEPTA) raised fares on the city's bus, trolley and subway lines from 65? to 70? last week-the third hike since 1978, when a ride cost 45?. If that were not bad enough, Conrail is threatening to shut down its commuter lines around Philadelphia, which carry 65,000 people on weekdays, unless SEPTA increases its annual subsidy from $93 million to $99 million. SEPTA Chairman David Girard-diCarlo insists that his agency is broke and may seek a court order to keep Conrail behind the throttle. If he fails, SEPTA may have...
...During the 1970s, our taxes stayed low, our services declined and the city lost 24% of its population," said Voinovich. "At that rate, the city will be extinct in the 21st century." The voters got the message: last February they voted for the tax hike...
Laudable though these goals may be, the Fed's action was not joyously welcomed on Wall Street, where investors have much the same attitude toward escalating interest rates as W.C. Fields had toward children and small animals. The day of the discount rate hike, the Dow Jones industrial average plunged 16 points; the next day it lost another 7. There was some recovery as the week wore on, and the Dow closed Friday at 976.40, still well below its high this year of 1024, set only a few days before the discouraging money-supply report...