Word: hike
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...Sent to Congress a request for $853 million in federal pay raises-a 3% hike for civilian workers and a 4.8% raise for military men with more than two years' service. Included was a controversial request that Congress relinquish its traditional control over Government salary increases and turn it over to the executive branch. Under Johnson's plan, a ten-man commission would review top executive salaries (such as the Cabinet's) every four years and lower-echelon salaries every year. The commission would propose pay changes that would automatically go into effect unless Congress acted...
...assured for the second half of the year." In the months ahead, Ackley feels, the automobile and steel industries cannot be counted on to supply further great gains. Any solid economic advances will then depend heavily on new stimuli, such as an excise tax cut and the scheduled hike of social security payments...
...closely to their control of such big and inefficient sectors of the economy as agriculture, railroads, coal and electricity. Hoping to make those sectors less unprofitable, the government boldly raised prices for their products and services. With that, the newly powerful local managers began falling all over themselves to hike their own prices-and the inflationary romp...
...insists that any increase beyond 2%-the average increase in productivity between 1957 and 1963-would force a general rise in steel prices. The union, preferring to look at the increase between 1959 and 1964, cites a productivity gain of 4%. The prospects: either a strike or a wage hike that would result in an inflationary steel price rise, neither of which would be healthy for the economy...
That first famous hike was 50 miles, and this one will be only 2.6 miles-but practically straight up. Senator Robert F. Kennedy, 39, is taking off this week for the Yukon, where he will join in the assault on 13,900-ft. Mt. Kennedy, an icy spire named after the late President by the Canadian government and the highest unclimbed mountain in North America. The temperature is likely to be in the neighborhood of 30° below zero, and Bobby's previous mountaineering is confined to the sand dunes at Hyannis Port. But Jim Whittaker, 35, member...