Word: hike
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Ever since the first examination of Post Office expenses was made in 1926, first class mail has consistently paid far more than its cost. The rate hike proposal recently approved by the Senate will increase even more the proportion of postal service supported by first class revenue. In effect, it will give a larger discount rate to the major magazine concerns and the advertisers who flood the post office with "junk mail...
...main reason for the rate hike is a Post Office deficit which is now approaching $1 billion. The various increases will make up this deficit and will also finance a projected pay raise for postal employees. The raises, however, do not constitute a fair adjustment of postal rates...
Comparison of the figures bears this out. The first class hike will raise local postage 33 per cent, and out-of-town postage 66 per cent. The second class increase (which will affect the major magazine concerns) will not be that high, and the "junk mail" increase will only amount to 14 per cent of its current insufficient rate. In addition, the Senate has rejected an amendment which would have raised rates for companies using over $1 million of postage annually. This would have more nearly compensated for the strain the big weekly magazines put on the post office...
...listening. Midnight Cable. Good or bad, the shape of Turkey today is the shape given it by Adnan Menderes. His energy is seemingly inexhaustible. Out of bed by 6 a.m. at the latest, he heads off without breakfast on an hour to two-hour hike that invariably includes at least one hill. His workday is a 12-to 19-hour affair, punctuated by impulsive trips into the countryside to inspect one of his projects. Out of long experience, his bodyguards always keep packed bags at the office, and Turkish Airlines is instructed to hold open at least two seats...
STEEL PRICE BOOST of $5 to $7 a ton is coming in July. Steelmen are resigned to rise even if demand remains soft. One major reason: steelworkers' wages go up automatically July 1, and they will get additional hike if cost-of-living rise continues...