Word: hike
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...pace of U.S. business picks up, so does the demand for money. Last week bankers indicated they expect a rise soon in the discount rate, now 2½%, as well as a corresponding hike in the prime rates. Said Hanover Bank's President R. E. McNeill Jr.: "I would not be surprised to see an increase in the discount rate. There is a high level of business, inventories are down, money is fairly tight, and banks are well invested." With higher rates ahead, U.S. bonds had another sinking spell last week, reached the lowest level in years; many Treasury...
...WAGE BOOST will go to some 500,000 of oil industry's workers and salaried employees. Hike lifts average hourly pay of refinery workers from...
Increased scholarship stipends will be "considered" for both new freshmen and for upperclassmen in the Houses. However, it has not been definitely decided whether scholarship increases will take up the full burden of the rent hike...
...hike in France's ridiculously low rent ceilings, which have long been pegged to pre-inflation levels...
...Juscelino Kubitschek offered Brazilians the merriest Christmas in history-a 60% increase in minimum wages, and a 30% pay boost for the army and government employees, effective immediately. Playing Santa Claus would raise Brazil's record budget deficit of $285 million, but the news of the proposed wage hike ended the recent rash of cost-of-living riots (TIME...