Word: hikes
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Dates: during 1980-1989
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Blue-collar workers are now enjoying some of the benefits of Toyo Kogyo's new prosperity. Last week union members got a 6.9% pay hike. Says Masao Isoda, a 28-year-old foreman: "In the bad old days, I could afford only noodle soup for lunch. Now I allow myself the luxury of a fat, fried prawn with my soup...
...avoid tampering with Reagan's tax cut, Administration officials agreed to consider alternative ways to raise new revenues. Among them: a $5 per-bbl, oil import fee, a 5? per-gal. gasoline tax, a hike in excise taxes on cigarettes and liquor, a 4% tax surcharge on individuals with incomes above $40,000, and curbs on the new, much criticized provision that allows businesses with more tax deductions than they need to sell them to companies facing big tax bills. These steps could raise $30 billion in new revenues. The Administration bargainers also indicated that the President...
...next morning, at 7 sharp, the group divides by energy level, either for a Vigorous Morning Walk or a slightly less robust Awake and Aware Walk. At 8 a.m. the marginally intrepid set out for a hike in the desert, marching spryly behind Phyllis Hochman, a former New York City schoolteacher who has, she says, achieved her private fantasy and become "the only middle-aged Jewish female trail leader in the West...
...union made some important concessions in the negotiations. During the next 29 months, the union will give up its 3% annual pay hike, defer payment of three quarterly cost of living increases, accept fewer paid personal holidays and allow GM to hire new workers at a lower wage rate than existing employees receive. While they are losing some days off, workers will not be taking wage cuts. Cost of living payments, though temporarily deferred, will eventually ensure that union members keep up with inflation...
...opted in several buildings to install specialized, high-priced "thermopane" windows. After repairs such as the windows installations are completed. HRE has typically taken advantage of rent control guidelines that allow landlords to raise tenants' rents on the basis of capital improvements. The end result is a significant rent hike for tenants and higher profits...