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Opponents say that cost of living adjustments often cause higher inflation rather than just help people keep up with past price hikes. This is because the increases are usually based on the CPI, which exaggerates the level of price rises. The market basket of goods used to calculate the CPI is heavily weighted toward items like mortgage rates and energy costs, which have recently had outsized increases. But since many Social Security recipients already own their houses and have mortgages at low fixed rates, they have suffered less inflation than that registered...

Author: /time Magazine | Title: Business: Inflation's COLA Cure | 7/28/1980 | See Source »

...lobby is hushed. No clutter of gaudy valises. No flurry of conventioneers. No signs. No bells. The guests are greeted by name by a concierge at a Queen Anne escritoire. In their suite they find that the staff not only has left them the usual basket of fruit but has also remembered their taste for violets, which are in a Baccarat bowl, and Degas prints. Returning after dinner, they find that the triple- sheeted bed has been turned down, with Godiva mints set on the pillow and a small bottle of cognac on the night table. Before retiring they...

Author: /time Magazine | Title: Living: Food, a Fire and a Little Quiet | 7/14/1980 | See Source »

...primary after primary that they have not set aside their doubts about Kennedy's character. The Senator encounters the Chappaquiddick issue almost everywhere he goes. Last week in the heavily Polish Port Richmond section of Philadelphia, a crowd of several hundred mobbed him. Janet Tokarski presented him with a basket of colored Easter eggs, and an elderly man sprinkled him with rose water, to the momentary alarm of the candidate's Secret Service bodyguards. Nearby, however, Gus Makowski, 44, grumbled, "He's good with the older people, but this kind of stuff won't get my vote. He hasn...

Author: /time Magazine | Title: Nation: What Makes Teddy Run? | 4/21/1980 | See Source »

...from Anna Piaggi, contributor to both the French and Italian Vogue, who showed up one day with a large velvet reproduction of an art deco vase perched on her head. Piaggi's Milan millinery was pretty tame stuff compared with her headdress in Paris two years ago: a basket brimming with shrimp and other fresh seafood...

Author: /time Magazine | Title: Press: Stalking the Elusive Hemline | 3/31/1980 | See Source »

...determining factor of the match was Harvard's erratic shooting. The hoopsters stayed dead-even with Princeton on total rebounds, turnovers, and assists. But they could not find the basket as they shot an unimpressive 22 per cent from the floor, slumping to only 15 per cent for the second half. The Tigers shot 52 per cent from the floor, a statistic which tells the whole story...

Author: By Sara J. Nicholas, | Title: Tigers Upset Women Cagers | 3/4/1980 | See Source »

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