Word: hike
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Because the economy is so finely balanced, the Administration has been keeping an especially sharp eye out for any price hike that might signal-or set off-a trend toward inflation. Last week Bethlehem Steel Corp., the nation's second biggest steel producer (after U.S. Steel), increased by $5 a ton (to $119) the price of its steel structural shapes and piling. The price hike covered only 5% of all Bethlehem's production, was for a specialty steel that is used mostly in construction and does not appear in such consumer goods as autos and refrigerators...
That seemed like quite a reaction to a price increase that touches only 7% of total steel production in the U.S., but the Administration obviously feels that even a minor hike might act as a symbol to encourage others to raise prices. Bethlehem may have to back down, but it will not be because of a repeat of the Administration's successful use of stockpiles to force back price increases in aluminum and copper. The government has no stockpiles of steel. What it does have is a voice that is very hard to ignore when it is insistent...
This letter is written in regard to an article entitled "Junior Faculty Claim Pay Hike No Incentive," which appeared in the CRIMSON on December 14, 1965. In this article I was quoted by your reporter as saying: "There are colleges with less adequate libraries that could offer me $20,000 a year--and I still wouldn...
Self-Study. Last March 200 teachers walked out of a faculty meeting in protest over low salaries. After the walkout came a mass demonstration of support by students, which stung the trustees into ordering an ambitious self-study of the university. The report urged a sharp hike in salaries, more lay representation on the clergy-dominated board, creation of an advisory faculty council. To carry out the reforms, the board last July brought in Father Cahill, who had been president of the Vincentians' Niagara University...
...National Industrial Conference Board told the Congressional Joint Economic Committee that costlier money will bring only a tiny cutback in those plans. Among the 1,000 largest manufacturing companies, testified N.I.C.B. Senior Vice President Martin Gainsbrugh, none of the 644 replying to his survey after the discount rate hike expected to reduce plant expansion next year by as much as 5%; more than 92% predicted no change...