Word: hiked
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...Prime Minister wants to carry on with his policy of voluntary wage restraints, under which unions would limit pay-hike demands to no more than 5%. That stand is fiercely opposed by the 11.5 million-member Trades Union Congress, and was violently attacked by Callaghan's own Labor Party Conference at its annual meeting in Blackpool last month. Thatcher is leading a Tory assault on what she has described as "rigid pay policies" and calls instead for "responsible" collective bargaining...
...philosophy and ethics, pastor with an unaffectedly common touch. On top of that he is more of an athlete and outdoorsman than any Pope in memory, one who loves to ski in Poland's Tatra Mountains, to kayak or canoe on the Mazurian Lakes, to climb mountains and hike...
...much a change as a return to his original strategy. At the beginning of his presidential campaign, he portrayed himself as a budget balancer, then gradually moved to the left after his nomination. In his first year in office he supported a boost in Social Security taxes, a phased hike in the minimum wage, which will reach $3.35 in 1981, and spending programs to combat unemployment. But as inflation has become the No. 1 domestic economic problem, he can now revert to positions that appear to be more comfortable for him and give him a better chance of re-election...
...highest since January 1975. Other banks are expected to follow suit. The action, reflecting a steady tightening of money by the Federal Reserve Board, substantially increases the risk of a credit crunch and a deeper economic downturn next year than most experts were forecasting a few months ago. The hike is certain to pull up other rates and dampen spending by boosting the cost of corporate loans and, eventually, of consumer borrowing...
When I awoke at 1:30, I again decided to ignore warnings not to hike in the midday sun, and started up the South Kaibab Trail. Twenty yards up the trail was a big sign saying "WARNING--THIS TRAIL NOT RECOMMENDED FOR HIKING OUT. THERE IS NO SHADE, ONLY ONE EMERGENCY TELEPHONE, AND IT IS VERY STEEP. TAKE AT LEAST FOUR QUARTS OF WATER, ALLOW SIX TO EIGHT HOURS FOR HIKE! MULE RESCUES ARE COSTLY AND NOT ALWAYS AVAILABLE." Scratched under that was the legend "Jim Duggin did it on only two quarts, 4/13/77." I had no water...