Word: hikes
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...pledged that in his first hundred days he'll propose more spending on education, infrastructure and renewable energy, along with tax cuts for the middle class and small businesses. He said he'll also lower property taxes for some low-income seniors and roll back public college tuition hikes Schwarzenegger implemented, while fighting for a minimum-wage hike and offering plans to expand child health-care coverage. "And I'll do what President Clinton did," Angelides added. "I'll balance the budget...
...need for a house that would not only comfortably accommodate all three of us and afford privacy," he says, "but also be in a location that would please my mother-in-law, who wanted to be near retailers, restaurants and church, and Maureen and me, who like to hike, mountain-bike and sail." Sperl-Bell found the perfect three-bedroom ranch in Lewes, Del. Says Dailey: "Her specialty made the process go very smoothly...
...year don't have to contribute a penny to their kids' education; Yale and Stanford do the same for families making $45,000 or less. But for middle- and upper-middle-class families, the sticker shock at an élite university can be overwhelming. And the recent interest-rate hike of almost 2% on government-backed loans only increases the distress...
...pressure at home: a money crunch. Despite ongoing wars in Iraq and Afghanistan, Congress has been slow to approve defense funds, even for the Army and Marines, which have borne the brunt of the fighting. That has left the Pentagon with a huge deficit--even though a 40% hike in its budget since 9/11 has swelled its yearly funding to nearly half a trillion dollars...
...Koizumi and his cabinet have voiced strong opposition to a rate hike, claiming that deflation has not been conclusively vanquished and that higher rates could dampen growth. Bitter memories remain of 2000, when the BOJ prematurely raised rates from 0% to 0.25%, plunging Japan back into recession; six months later, the BOJ was forced to drop rates back to zero. Still, Jesper Koll, chief Japan economist at Merrill Lynch, says fears of a replay of 2000 are misguided: "The Japanese economy is fundamentally different today, fundamentally stronger...