Word: hikes
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Dates: during 1980-1989
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Daniel M Pallotta '83, chairman of Harvard's Hunger Action Committee, was riding his hike to the beach this summer when he came up with the idea to sponsor a cross-country bike-ride to raise money for Oxfam-America to fight world hunger...
...that its $6.3 billion budget could be $100 million out of balance by the end of the fiscal year next July, the state has frozen hiring, is deferring maintenance on state buildings and has canceled $500,000 in new equipment orders. Now state legislators are talking about a tax hike. Says Budget Director Ralph Perlman: "We've run out of windfall from Washington. We've run out of exotic tax measures. Our economy has run out of gas, and in Louisiana, when you run out of gas, you run out of money...
...deficit will be much worse. Says State Treasurer Kenneth Biederman: "We are not seeing a recovery in terms of revenues. I do not know of any state that is." Last week Kean said he was considering drastic action. For this staunch backer of Reaganomics, that probably means a tax hike...
...tourists traveling abroad (see box). Importers and corporations that buy raw materials from overseas have seen their costs cut dramatically. But the strong dollar has been a disaster for American exporters of everything from textiles to computer terminals, because it translates to foreign buyers exactly like a hefty price hike...
...pensions will be raised to keep up with inflation. In addition, Palme has proposed a mammoth $320 million government investment scheme to build new roads, bridges and housing projects that he believes will generate up to 40,000 new jobs. To finance the programs, the Social Democrats want to hike the country's 21.5% sales tax by another...