Word: indexable
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...year contract. Rather than setting wages for both years, the contract calls for management to make a new wage offer at the end of the first year. If the offer increase wages by less than 75 percent of the year's rise in the Consumer Price Index (CPI), the union has the right to negotiate for more...
...even while evincing such optimism, the two parties have continued to circle each other warily. A proposal to index Social Security to the wage level rather than the consumer price index--which rose in 1980 twice as fast as wages--came immediately under fire from the AFL-CIO and from the American Association of Retired Persons. In retaliation. Dole demanded recently that the Democrats present the first reform package in the upcoming session...
...hardly anything unfootnoted. The book has a five-page "Note on Sources" (largely accounts of how he traced various long-forgotten Johnson friends), a 34-page index and 62 absorbing pages of footnotes. In one, a page long, Caro documents an allegation that Johnson secretly controlled the "blind trust" he established to manage his financial holdings after he assumed the presidency in 1963. The citation also promises more on that subject "in the later volumes...
...Rated Almanac scored the "livability" of 277 U.S. urban areas; it nominated Atlanta and Washington and its environs as most livable, with two Massachusetts areas-Fitchburg-Leominster and Lawrence-Haverhill-bringing up the rear. More recently, University of Pennsylvania Professor of Social Work Richard Estes turned up with an index to the "quality of life" in 107 nations. Top marks went to Denmark and Norway and booby prizes to Ethiopia and Chad (the U.S. ranked 41st, two notches above the U.S.S.R.). Surveys of this sort usually fuel chauvinistic arguments among civic booster types. But the question is: What do such...
...Limit future benefit increases. Benefits, which are tied to the Consumer Price Index, have shot up much more rapidly than have tax collections, which are held down by widespread unemployment. The chief idea for reform: put a 4% cap on increases in 1983 and '84, and thereafter link benefit rises not to the CPI but to increases in average wages, less 1.5%. That is, if wages went up 6%, benefits would rise 4.5%. Anticipated saving: $180 billion...