Word: indexable
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...release February 25, Galbraith's third novel, A Tenured Professor, revolves around the life of Montgomery Marvin, a fictional junior professor of economics at Harvard. Marvin invents the Index of Irrational Expectations (IRAT), an economic formula that allows him to make a fortune...
...lived up to its frightful reputation. After drifting lower at a sleepy pace for most of the day, the Dow Jones industrial average abruptly lurched into a hair- raising sky dive in the final hour of trading. By the time the 4 p.m. closing bell halted the rout, the index had dropped a nightmarish 190.58 points, or nearly 7%, to close...
...trust him) to abortion (pro-life) and Jesse Jackson (full of "mindless, rhyming pieces of nonsense on which he has built a career"). One of his central philosophical tenets is the necessity of accepting hardship and disappointment. "I'm sorry I didn't put 'death' into the index," he said in an interview. "I really believe that confrontation with death and with reality is necessary to moral education...
...that wholesale prices in July fell 0.4%, their biggest monthly drop in three years, which signaled that inflation is ebbing. During the same month, retail sales rose 0.9%, a surge that reassured investors that the economy has not stagnated. Before closing at 2683.99 for the week, the closely watched index briefly topped the all-time record of 2722.42 it set on Aug. 25, 1987. That was the heady peak from which the Dow began its steepest slide in history, culminating in the 508-point crash...
Government reports last week revealed new signs of economic weakness, prompting worries that the current slowdown could turn into a full-fledged recession. Although the Labor Department said on Friday that the U.S. unemployment rate dipped slightly, from 5.3% in June to 5.2% in July, the Government's Index of Leading Economic Indicators, its chief forecasting gauge, showed its fourth drop in five months. Another closely watched barometer, which measures new orders and inventory by the nation's corporate purchasing agents, fell to a six-year...