Word: indexable
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...Consumer Price Index, the most widely watched measure of inflation, was getting out of whack with today's American life-style. Last adjusted in 1978, the Labor Department's so-called market basket of goods and services was too heavily weighted with such items as hard liquor, red meat and tobacco, all of which the typical American now consumes less of than a decade ago. So last week when the Government released its January CPI figure, the number reflected a reapportioned mix of goods and services to measure more accurately inflation for the typical consumer...
...total bill for updating the market basket, which involved a survey of 40,000 households in 1982-84, was $45 million. But that amount is small compared with how much the Government might save from a more precise CPI. Reason: the index serves as the basis for adjustments in payments to tens of millions of Social Security recipients and other federal beneficiaries...
...contribution to the debate, I put before the world the reactions of my friend Billy. After opening the magazine, his eyeballs left their sockets and beads of sweat gathered on his forehead. While wetting his lips, he traced the curves of each model's body with his index finger...
...give consumers much attention. Many other service workers are underpaid, untrained and unmotivated for their jobs, to the chagrin of customers who look to them for help. The concept of personal service is a difficult quantity to measure precisely, to be sure; the U.S. Government keeps no Courtesy Index or Helpfulness Indicator among its economic statistics. But customers know service when they miss it, and now they want it back. Says Thomas Peters, a management consultant and co-author of In Search of Excellence: "In general, service in America stinks...
...time the trading frenzy was over, the Dow had dropped 44.15 points, & closing at 2101.52, still up 24.88 points for the week. It was only the second time since the new year began that the index had fallen by the end of a day's trading. In the process, the highly computerized N.Y.S.E. smashed yet another record by trading a phenomenal 302 million shares, bettering the mark of 253 million shares set on Jan. 15. Complicating things even further for record keepers, Friday's spectacular Dow reversal came only 24 hours after the index had registered its biggest single...