Word: hikes
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Dates: during 1940-1949
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Baffled Lion. A British trade mission was getting nowhere. Perón, who had assumed control of all meat shipments abroad (including those of British-owned packing plants), wanted to hike beef prices 200%, asked 2½% interest on Argentina's $750 million sterling credit, now frozen in Britain. Mission Chief Sir Wilfrid Eady was surprised by this "cold hostility." He packed his negotiators across the Plata Estuary to Uruguay, waited to see if Perón would change his mind...
...corporation, Universal-International, formed last week with Goetz as president and Hollywood lawyer Leo Spitz as board chairman (U-I will be to Universal what M-G-M is to Loew's); 2) the degeneration of once formidable Universal into a distributing company; 3) a hike of six points in Universal stock...
...drive to retain rent ceilings and OPA, the veteran in college or on-the-job training now shows signs of wanting to ride the gravy train along with the NAM, the farmers and certain merchants of Harvard Square. If the AVC eventually decides to campaign formally for a hike in the monthly check, such a move will give its proud boast, "Citizens first, veterans second," that unmistakable hollow ring...
...British had met one setback after another. The Argentines refused to trade their immense ($750 million) blocked sterling credit in Britain for the British-owned Argentine railroads, wanted to use part of it for British goods. Perón himself had demanded a 300% price hike on beef sold to Britain...
...roads had asked for a 25% hike, told ICC that they stood to lose $345,000,000 this year if they did not get it (TIME, April 29). But ICC estimated that the roads needed only 6% more to net another $390,000,000 a year, more than enough to keep them in the black. And the new rates, said ICC, are only temporary. The roads will still be given a chance to present their case for higher permanent rates...