Word: digitalizes
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...like most of the students at Harvard, your I.D. card is just a 2 in. by 3 in. slip of plastic with a picture you'd rather forget, a nine-digit number you wish you could remember, and a little black stripe that serves absolutely no purpose...
...Inflation, which reached a ruinous annual rate of 28% in 1975, has braked to a more manageable 15% and is expected to ease to a single-digit rate by late '76. Though that rate is still higher than those of Britain's major trading partners, the trend is favorable...
Unfortunately for the Crimson, though, neither Carey nor Banks was particularly effective during the one critical stretch of the game, the first eight minutes or so, when UMass assumed a double-digit lead which it held steadily until the final buzzer...
...deadliest shock to the economy would be a return of sustained double-digit inflation. That likelihood is not easy to gauge. The October leap in wholesale prices seems to have been partly a statistical fluke, caused by difficulty in calculating seasonal adjustments. M. Kathryn Eickhoff, vice president and treasurer of the New York economic consulting firm of Townsend-Greenspan, suggests that the real annual rate of increase may be only about half the 23.9% reported. Still, the October jump was disquieting: it involved not only metals and cars but also farm products, lumber, textiles, clothing, furniture and household durables...
...movements. Nonfood portions of the CPI are still rising at an annual rate of 6% to 7%, indicating that the underlying rate of inflation has not changed much. In September the index as a whole is likely to rise more than in August, though scarcely back to the double-digit range. At the least, though, the August figures give weight to the Ford Administration's argument that the scary inflation pace of early summer was an aberration, and might calm nervous consumers and investors. Indeed, the stock market, after falling to 795 on the Dow Jones industrial average-close...