Word: hikes
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...comparison with recent years, those figures are measly for the U.S. - but unusually robust for the Europeans. Central banks on both sides of the Atlantic are reacting differently to the prospect. In Frankfurt, the European Central Bank is continuing to raise interest rates - the next hike is widely expected later this month. In Washington, meanwhile, the new Federal Reserve chairman, Ben Bernanke, has ended the series of rate increases introduced by his predecessor, Alan Greenspan, and Wall Street has been anticipating the start of a period of cuts as the U.S. economy loses momentum. This transatlantic divergence is pushing...
...Bush and his military leaders have made it clear they want U.S. forces to remain in Iraq for the foreseeable future without a significant hike in troop levels. That, defense officials say, is unlikely to change the dynamic on the ground and - absent some political push that achieves a semblance of peace - is only likely to continue the grim parade of the flag-draped coffins of U.S. troops into Dover Air Force Base...
...financial side, along with cutting back the number of deals with independent producers, Sony kicked the habit of blithely paying stratospheric salaries to marquee names. That strategy worked in past years if the star vehicles achieved blockbuster status. But when theater attendance plummeted and studios had to hike marketing spending to combat competition from iPods and Internet downloads last year, profit margins on such projects vaporized. In negotiating Cameron Diaz' s salary for next month' s romantic comedy,The Holiday, for instance, sources say Sony persuaded the actress--who got a reported $20 million to headline its Charlie's Angels...
...this issue. Democrats have long made raising the federal minimum wage, which hasn't budged since 1997, a centerpiece of their platform. They want to boost it from $5.15 an hour to $7.25. The party's congressional members have pledged not to raise their own pay until the hike passes...
...suit hard-liners in the Reagan White House. More than 30 Democrats--10 of whom are still in the Senate--opposed his nomination to be CIA director in 1991. Gates went into his confirmation that year carrying a small, white oblong stone in his pocket, a memento of a hike he had taken in the Olympic mountains the summer before. He wanted a reminder of what he had to look forward to in case his nomination failed. He may want to dig that stone out of his closet. Given the current Administration's record of laundering intelligence, Gates is sure...