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...rhetoric, to consider cuts in Social Security payments. One plan tentatively accepted by both Domenici and Jones is to postpone for three months the cost of living adjustments scheduled for next July and then peg future COLAs at 2 or 3 percentage points below the consumer price index. All told, the entire bipartisan package would slash $80 billion off the CBO's projected $180 billion shortfall, enough to reassure the financial markets...
...been rising since February, leading to fears that the current 9% jobless rate may go even higher. Commerce Secretary Malcolm Baldrige predicts that one or two major corporations may fail before the current recession ends. The only good news was the second consecutive monthly decline in the producer price index, a measure of inflation...
...ceased spiraling upward, and in February they climbed at an annual rate of only 2.4%. Last week the Labor Department reported that wholesale, or producer, prices fell at an annual 1.7% rate during March, matching an equal decline in February, for the first such two-month drop in the index since...
Herb Margolis, 56, strolled into a Los Angeles bookstore 15 months ago, flipped to the index page of Nice Girls Do, the hot-selling sex manual, and went into shock. Reason: he claims that the book, which has sold 183,000 hardcover copies and is now on the paperback bestseller lists, is half his-the result of collaboration in and out of bed with Author Irene Kassorla during a passionate romance that cooled in June 1978. Kassorla, a fiftyish Bel Air psychologist, admits the affair but denies working with Margolis. Says Margolis plaintively: "She wanted us to become the Masters...
According to Yankelovich, the volatility index shows that strong majorities in favor of registering handguns (60%) and against the outlawing of abortion (56%) are based on firmly held opinions. The index suggests, on the other hand, that American opinion on aid to El Salvador is very volatile indeed, as are views about arms sales to Arab nations...