Word: hikes
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Dates: during 1970-1979
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...becoming more like a Latin American, who spends out of fear that he had better buy it now or it will only cost more tomorrow. Says Marvin Brenner, owner of the Casual Village women's clothing chain in New Orleans: "People know that there will be another minimum wage hike in January, and it will cause wages to go up all along the line. The minimum wage very quickly affects clothing prices, so people are buying in large part as a hedge against inflation...
...will go toward paying for welfare, Medicaid and other programs borne by the state's 58 counties. Thus fears that poor people would suffer drastically may not materialize. The legislature did decree, however, that there be no increase in welfare payments unless public employees also get a pay hike. Brown has already asked for a freeze on state salaries. Since it would seem to be political suicide for lower-level officials to vote increases for themselves at a time when the taxpayers are screaming so loudly for less spending, welfare payments probably will be frozen...
OHIO. Twice in the space of 60 days Cleveland voters rejected a hike in property taxes that would have rescued its 113,000-student public school system from bankruptcy. The margin last Tuesday was 3 to 1, an increase over the 2 to 1 April vote against the levy, which would have increased the average homeowner's tax by $86.63. As a result, there may be no money to reopen Cleveland's schools after the summer recess. The vote also reflected opposition to court-ordered busing, scheduled to go into effect next fall to correct racial imbalances, and the high...
Also boosting the cost of warships, of course, have been the advanced weapons, data processing centers and more comfortable accommodations that have become standard on the vessels. In the case of submarines, part of the price hike is because of the replacement of diesel engines by nuclear generators...
...steelmakers from following U.S. Steel in its attempt to raise prices far beyond what would have been justified by the settlement won by striking coal miners. His tactic-phoning U.S. Steel's competitors and persuading them to announce smaller increases-forced U.S. Steel to roll back its own hike. Bosworth's 20 COWPS officials have now begun gathering cost data to give the council a clear picture of just how much prices can be hiked by any major industry without speeding up inflation...