Word: indexable
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...Conference Board, a New York City-based business research organization, reports that its widely watched index of consumer confidence advanced in May for the second month in a row. Said the Board: "Consumers have clearly turned more confident about the future course of the economy." The University of Maryland reported that its semiannual consumer survey showed that a surprising 39% of the public felt their personal finances would be better off a year from now, while only 14% thought they would be worse off. A large 41% believed they would be about the same...
...judge what is "significant," the guidelines use the so-called Herfindahl index, a mathematical formula developed by the late Orris C. Herfindahl, a Washington economist. Traditionally, antitrust lawyers have relied on a rule-of-thumb approach. It was believed that the Justice Department would permit any mergers that did not concentrate 75% or more of a particular market in the hands of four or fewer companies. The Herfindahl index sets up a clearer, although more complex, set of guidelines...
...semianually ranks the major urban areas, using a weighted cost of living index that includes such items as food, household goods, utilities, alcohol, recreation and entertainment. This year's list contains some old favorites. Tokyo, last year's No. 1, is now in second place. There are also some surprises. Oslo, Djakarta and Baghdad reign as the third, fourth and fifth most expensive cities...
...left the United States when she found a letter addressed to one of the hostages thrown carelessly in a wastepaper basket. Swift read the letter and quickly replaced it in case it was put there as a trap. Similarly, Swift learned that the Shah had died from the index page of Time magazine. As she told the Quarterly, "One of the student honchos came in and said, as part of the usual harangue, that as soon as the Shah was returned, we could go home. I said it would be pretty hard to return the Shah unless they were interested...
TIME'S economists foresee no renewed outbreak of feverish jumps in the C.P.I. They predict that the index will meet the Administration's targets by rising just 5% for all of 1982 and 5.7% in 1983. The economists were particularly cheered by an unexpectedly sharp drop in the so-called core rate of inflation, which measures the inflationary impact of wage gains. That key indicator has fallen to about 6%, from a high of about 9% in 1980. Said Walter Heller, chief economic adviser to Presidents Kennedy and Johnson: "A sustained period of 6% core inflation...