Word: indexable
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What a difference a year makes. After months of intraparty squabbling, last week's session was less about consolidation than about compromise. To be sure, Zhao's keynote speech, long viewed as an index of whether Deng's program would move forward, was a ringing endorsement of modernization. But Zhao watered down that optimism by noting it would take longer than expected to make the reforms work. Moreover, Deng's dreams of transferring power to a loyal successor remained largely unrealized. Although the final makeup of the Politburo, its Standing Committee and the party Secretariat will not be known until...
...Index Futures and Options. These so-called derivative stock-market products are based on baskets of securities that can be bought and sold in the future. They are primarily designed to let investors protect their portfolios against sudden market changes, especially in a form of trading known as portfolio insurance. But since the crash, they have been called speculative instruments that can whipsaw the market as a whole. Many experts argue that Black Monday's cataclysmic spiral was triggered by a panic sale of index futures by managers trying to shore up their holdings...
...upscale, overeducated readership. Namely, the military-industrial complex, pollution, cultural illiteracy, alienation and anomie are undermining America's pre-eminence and quality of life. The odd combination of Cassandra-like despair and Letterman-esque snidery at the folly of it all surely must be what accounts for the Index's following...
What is creepy about reading the Index is the sense it conveys that modern society is crumbling. How else can you make sense of recurring statistics concerning how our lives are being contaminated, from the increase in the percentage of U.S. women between the ages of 20 and 24 in who are infertile today (11) as opposed to 1965 (4); the doubling of the number of recognized mental disorders between 1952 and 1987; and the pounds of chemical additives an average American eats in a year...
...forgotten. Ironically, the editors seem to lament the lack of meaningful political debate in America, yet rely on mere numbers to make their points. Stalin once bragged that "one death is a tragedy, a million deaths a statistic." What does that make the 1159 statistics in the Harper's Index? The stuff of fun conversation, maybe, but also cause for alarm...