Word: hike
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...Congress on another matter. To avoid what he called "a time-wasting test of strength," the President made a deal with the Democrats in which they agreed not to try to override his veto of legislation that would have postponed for 90 days his three-stage, $3-per-bbl. hike in the tariff on imported oil. In exchange, Ford postponed for 60 days two-thirds of the increase-halting the $1 that took effect on March 1 and putting off the $1 scheduled for April 1. Still in effect is the $1 that has cost oil importers an estimated...
...tenants, married MIT students are refusing to pay a March 1 rent hike of four per cent intended to cover raised fuel costs. James Henley, tenant spokesman for Westgate Community Association said. The increase amounts to about 58 a month per unit...
About half of the Westgate dwellers have paid their rents without the hike but the other half has included the increase in their rent payments, Kamilewicz said...
...that the increase would send their constituents' heating bills soaring because the region depends so heavily on imported oil. But Ford was unwilling to go as far as some of them demanded. New York Senator Jacob Javits, for example, insisted that 80% of the burden of any price hike fall on gasoline. Moreover, Ford's offer upset Western Senators, whose constituents drive long distances and are most concerned about how Ford's program will affect the price of gasoline...
...however, the reaction of Britain's housewives was of less concern than the reaction of Britain's labor unions, which have been asked to restrain demands for inflationary wage increases voluntarily in keeping with the government's vaunted "social contract." Having postponed voting themselves a salary hike in order to set a good example for the country, many M.P.s had hoped that the monarchy would follow a similar course...