Word: indexable
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...push the U.S. currency down. Traders continued to snap up dollars after Washington reported that, with exports up 7.4%, the U.S. trade deficit narrowed to $8.86 billion in March, down from $9.82 billion the previous month. A day later investors shrugged off the news that the Consumer Price Index rose a sharp 0.7% in April because the gain reflected a record 11.4% surge in gasoline prices that is not expected to recur...
Later in the week, Washington had good news: the Producer Price Index rose ! by a moderate 0.4% in April, a smaller leap than most experts had feared. Wall Street responded Friday by pushing the Dow Jones industrial average up 56.82 points to 2439.70, its highest level since the October 1987 crash. But when the sharp increases that took place during the first four months of the year are taken into account, wholesale prices are still zipping upward at a rapid 9% annual rate. The conflicting trend lines -- down in retail sales, up in producer prices -- heightened concerns about a return...
...first disappointment was not seeing anything from Dark Side of the Moon. Pink Floyd's lyricist wasn't even listed in the index of authors. What upset me further was that an anonymous former Bartlett's editor described the quotations as "what looks to be most memorable of man's joy, suspicion, and dismay...
...think this may be the beginning of democracy in Poland." But if that prophecy is to come true, Poland must reverse its disastrous economic decline, and the accord is weakest in its economic provisions. It includes only limited measures to advance productivity and a highly risky plan to index workers' wages. The Bush Administration is thinking of rewarding Poland for its moves toward liberalization by extending new credits, the first since martial law was imposed in 1981. Even a generous loan, however, may not be enough to help Poland surmount its $39 billion foreign debt, aging industries and chronic consumer...
...clear thoughts and no perseverance") and calls Lenin a "merciless Bolshevik." At the movement's noisy rallies, hecklers are often attacked by Pamyat toughs who are the Soviet version of skinheads. Soviet Jews are concerned that Pamyat's modest membership of several thousand is an inadequate index of its power. Says Boris Kelman, a Leningrad refusenik: "Pamyat is not only protected but controlled by people at a high level in the party. It gets support from...