Word: hike
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...Approved, in the House, 329 to 58, an 11% pay raise for about 1,000,000 Government employees (including some 6,000 legislative employees). With a cost estimate of $530 million a year, the hike would average out to more than $500 per employee. Next steps: Senate action, probably cutting the raise to around 7%, then a possible veto by President Eisenhower, who has opposed the increase as inflationary...
...sure how CAB will rule on the 6% fare hike. One possibility is that it might grant a temporary increase pending the outcome of the long-range General Passenger Fare Investigation, which it is now conducting independent of the 6% request. Whatever happens, most airlines consider a 6% boost only an emergency lift. For the long haul they argue that at least a 10% increase is necessary to preserve the air fleet which the nation's security and economic well-being demands. The alternatives, say the airmen, are two: either the weakest airlines will fold and the middling ones...
...Universal Atlas Co., settled down to fight just as stubbornly as the union. A long fight may be in the making. A New York Times report speculated that cement manufacturers, looking forward to the golden days of the $50 billion federal highway program, are getting set to hike cement prices; a strike, settled in due season-with added costs-would provide just the occasion. "When the negotiations make very little headway all over," added a Government labor expert in Washington, "such a concentrated front suggests some timetable is working. Such a remarkable uniformity of attitude is more than a coincidence...
...Navy and Marine Corps officers with combat awards or commendations are jumped one grade in rank-but receive no pay hike-upon retirement...
...line, bitterly accused Weir of boosting the ante just to keep the union out of his plants. "In view of the industry's [booming] earnings," retorted Weir, "we felt the men should share the improvement." A few weeks later he helped sabotage U.S. Steel's plan to hike prices; he publicly supported a pending wartime price freeze, then marched out of the American Iron and Steel Institute...