Word: hike
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...leeway to drop rates if inflation stays moderate, which seems likely. In addition to falling oil prices, another encouraging sign is the restraint shown this year by labor unions. The United Mine Workers agreed to a 12% wage and benefit increase over 40 months, far less than the 37.5% hike they reaped from their previous contract. Bernstein's Levine predicts that the consumer price index will climb only 3.2% in 1985, after a 3.9% increase this year...
...with a script again. In the soft and almost purring voice that he can direct with such intimacy at a crowd, the President gave a short talk, part inspiration ("Fly as high as you can!"), part politics as manly game ("Come November, we're gonna tell Coach Tax Hike [Walter Mondale] to head for the showers"). The Republicans hollered and whooped. It had been a long night. Ronald and Nancy Reagan made their way to one of the glass elevators that run up one wall of the atrium. The Reagans walked inside and turned and waved through the transparent...
...John Tower of Texas, Jeremiah Denton of Alabama and Thad Cochran of Mississippi back to the Capitol from their home states at $4,100. Air Force funds are routinely set aside for such travel in a congressional crisis. By afternoon nine more Senators willing to vote for the debt hike had returned, and the bill passed, 37 to 30. "I thought this day would never come," said Baker after casting the last vote of his 18-year Senate career...
...returns were unsettling. As members of the United Auto Workers voted last week on a new three-year contract with General Motors, word leaked out that at least 22 of the union's 149 locals had turned down the agreement. Many workers were dissatisfied with the proposed wage hike and lump-sum payments that would average 2.25% annually. But after U.A.W. President Owen Bieber warned that rejection would mean an immediate nationwide strike the vote totals began to shift in favor of the contract. At week's end union officials predicted approval by a 55% to 60% majority
...past few weeks', Walter Mondale has tried to make the deficit question a central issue in the presidential election. In campaign speeches, he says that Government red ink threatens to "hike interest rates, choke off investment, clobber trade, destroy rural America, kill jobs and shrink our future." He proposes reducing the deficit by two-thirds over the next five years, mostly by curbing the growth of defense spending and raising taxes for families with annual incomes of more than $25,000. Reagan remains adamant against tax hikes, arguing that spending reductions and strong economic growth will trim the deficit...