Word: hike
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...peso in February. Then, victimized by his own indecisiveness and the pressures of the P.R.I.'s political machine, he was unable to hold firm on a wage freeze required to reap the anti-inflationary benefits of the devaluation. Within weeks, all government employees were given a 30% wage hike, and the government "recommended" that private-sector employers grant their workers increases of 10%, 20% or 30% "to restore purchasing power." In a single stroke, Lopez Portillo had wiped out most of the gains of the devaluation that had shaken his administration-and lost much of the prestige...
...have to continue the 17-point austerity program belatedly begun by the lame-duck Lopez Portillo administration. Among the targets: a reduction of the government's budget deficit from 15% of the G.D.P. to 3% by the end of 1985, import restrictions, government hiring freezes and probably a hike in Mexico's heavily subsidized energy prices. The current price of gasoline...
Although the Corporation must finally approve the hike in a meeting today. College Treasurer George Putnam '49, a member of the Corporation said he expected the body to adopt the proposal without much debate. I can't imagine any objection to it, he asked...
Although the University began seriously considering raising its campaign goal six months ago, announcement of the decision was delayed because it had to go through various alumni channels. Putnam said, Putna, Burr, and fellow Corporation member Andrew Henkeff 35, all cited inflation on the primary reason for the goal hike. With inflation rising at about 10 percent a year since the Campaign began on 1979, some of the original $250 goal has already been "wiped out" explained Henkeff...
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...