Word: formulaically
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...have celebrated the explosion of sources that is the hallmark of the digital age. It is not only healthy for the public, it is also healthy for us. In a world of a thousand voices, people will gravitate to those they trust. That encourages us to stick to a formula that is clear yet demanding: good reporting, good writing, authoritative and fair analysis. In addition, a continually refreshed diversity of sources helps counterbalance the trend (of which TIME and its parent, Time Warner, are a part) toward media conglomeration. We wouldn't be in this business if we didn...
...Boskin headed a Senate commission that concluded that the CPI overstates annual inflation by about a percentage point. That means the low CPI of 1.7% last year might really have been less than 1%--a huge difference. Boskin's startling assertion accelerated the drive to find a new CPI formula while politicians began drooling over the prospect of reallocating billions of dollars freed by reduced CPI-pegged spending...
...formula has been tinkered with in 1995, '96 and '97, refiguring food, housing and medical costs. Those changes shaved .3 of a percentage point off the annual rate. Last year the Bureau of Labor Statistics began tracking an experimental CPI, for the first time trying to account for rational behavior: substituting chicken for beef, for instance, when beef prices rise. That formula will be incorporated in the official CPI by next year and will trim an additional .2 of a percentage point off the annual rate...
...million write-down for the fourth quarter of 1997. Angry investors have filed at least a dozen lawsuits, some charging that Green Tree used improperly "aggressive" accounting methods to tot up profits and thereby boost Coss's personal pay--a charge the company denies. Coss did enjoy a formula that accorded him a salary of $400,000 plus 2.5% of the company's pretax profits. Half the compensation was in cash, the other half in the form of Green Tree stock that Coss was allowed to purchase for $3 share at a time when it was selling for more than...
...mistakes Coss continues to pay a hefty price in the form of bonus givebacks and the drop in the value of his shares. And he is unlikely ever to regain his crown as America's top-paid executive, because Green Tree has changed its compensation formula to make it less generous. Despite the recent turmoil, though, Coss will take home a pay package worth about $4 million for his work last year...