Word: indexable
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...follow its own self-correcting laws-i.e., be ignored. That comfortable belief has been destroyed by three generations of dizzying swings from boom to shattering global depression to unexampled post-World War II prosperity to the "stagflation" of the 1970s. The monthly trends in the consumer price index and the unemployment rate may bring joy, gloom or, frequently, bewilderment, but they are anxiously surveyed nowadays by millions...
...goes. In 1974, embezzlement cost the country three billion dollars, an amount equal to all the money and stolen property on the FBI Index Property Crimes for the same year (these include burglary, larceny, and motor vehicle theft). But there were only 13,000 arrests for embezzlement that year, compared with 1.7 million arrests for the "crimes of the poor...
After wilting during much of the summer, the stock market began autumn last week with an auspicious performance. The Dow Jones industrial average twice established new highs, breaking the previous record of 1248.30 set on June 16. The index rose 15.25 points on Tuesday to close at 1249.19, then slipped 5.9 points on Wednesday, but went up 14.23 points on Thursday to 1257.52. It slid 1.93 on Friday to finish the week at 1255.59, up 29.88 points...
...record highs were a good backdrop for the introduction of the newest stock market investment instrument: New York Stock Exchange index options. These allow an investor to speculate on general market trends by buying or selling an option on the value of the 1,505 stocks traded on the New York exchange. Stock index options, which were first introduced in the Chicago exchange in March 1983, went on sale last Friday for the New York Stock Exchange index. If the stock index option had existed last Tuesday, a trader who paid $300 for an option worth $9,709 would have...
...solution" embodied in a bill sponsored by two Republican Senators and one Democrat. Under this plan, automatic increases in "entitlement" programs, such as pensions, welfare and veterans' benefits, would be held down to a figure three percentage points below the rise in the Consumer Price Index. Thus if prices rose, say, 5%, spending on these programs would be increased only 2%. Similarly, the indexing of income tax brackets scheduled to take effect in 1985 would be modified. Under present law, if prices rise 5%, a taxpayer's income would have to rise more than 5% before...