Word: hike
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...hemline hike in 1987? For starters, the modern woman who spends ten hours a week in the gym sculpting her legs with weights and aerobics wants to display the hard-earned results. "Usually a woman's leg is the last part of the body to go," observes the practical Calvin Klein. "There's a big change in the air about sexy, young clothes for the modern women of any age." If minis represent a middle-aged woman's best hope for a sexy look, they also provide fresh new ammo for leggy female yuppies confronting the much publicized man shortage...
Notre Dame's incoming president was holding one of his first press conferences. Only sportswriters had shown up, one of them carrying a football, which he tossed to Father Theodore Martin Hesburgh, with a request that the priest assume the hike stance. "I'm not the coach," snapped the new leader of America's foremost collegiate football power, "I'm the president!" And he strode from the room. "That happened only once," recalls the 69-year-old Hesburgh, who is now preparing for his retirement; it will come next week, after a reign that is the longest and, by some...
...that span the previously stagnant building industry boomed, and millions of U.S. consumers rushed to buy new homes or cash in their old mortgages for cheaper ones. Last week, though, lenders, home buyers and builders were shaken by the sharpest mortgage-rate run-up in years. The interest-rate hike may prove to be temporary, but it caused a minor panic. "The rise was so sudden that most consumers are still dazed," says Eric Fessler, vice president of Kadilac Funding, a Long Island, N.Y., mortgage company...
...mortgage at 9.25% would boost a homeowner's monthly payments by $73, to $896, or a total of $26,280 over the life of the loan. Homeowners with adjustable-rate mortgages, which now account for about 20% of outstanding home loans, may face automatic payment increases if the rate hike persists...
...House was able to boost education funding $2.2 billion and reduce the budget deficit by $36 billion because it split the cuts equally among social and defense spending and--more importantly--had the guts to call for a tax hike...