Word: indexable
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...received still more bad news about the state of the American economy. Not only has the U.S., by the President's own admission, dropped into its second recession in 15 months, but the business dip may be both deeper and longer than Reagan predicted. The Government's index of leading economic indicators, which is supposed to portend future business trends, showed a sharp 2.7% drop in September, the biggest decline in 17 months. And, to make the situation worse, the Administration's top economic advisers have begun to quarrel among themselves over who is to blame...
...allowing women equal control over family affairs and enhancing benefits for working mothers. He announced plans to "socialize" such large industries as banking, drugs and fertilizers, though he did not explain precisely how he would do it. Papandreou also wants to improve national health service, make universities more accessible, index wages and pensions to keep up with inflation, and give special care to the aged. All are costly proposals that would likely drive up the inflation rate of 24%, already the highest in the European Community...
...companies are beginning to design plan options that provide at least partial inflation protection. If a worker chooses to take a lower initial retirement benefit, for instance, his pension checks will be increased each year by a fixed percentage of the rise in the Consumer Price Index. H.J. Heinz Co. has already introduced an indexing option, and several other companies are considering...
...continuing dirge of downbeat American statistics last week underscored the sense of an economy slipping into recession and provided a gloomy setting for the annual reunion of world financiers at the International Monetary Fund and World Bank meetings in Washington. The Commerce Department reported that its index of leading economic indicators, which is supposed to predict the future course of the economy, dropped .5% during August, its third decline in the past four months. Sales of new one-family homes plummeted 14% during the month, to an annual rate of a mere 362,000 units, the lowest level since April...
...served in the Army Medical Corps during the Berlin occupation. The aspiring novelist left his Columbia University master's thesis on George Orwell unfinished to marry Jeanne Redpath. During the four years he labored on his Berlin book, Berger summarized the Korean War for the New York Times Index. As a result, "I remember less about that war than any other." In the early '60s, however, Berger used his library skills to stitch the rich Indian tapestry of Little Big Man. Movie options on his novels have supported life in Maine, Manhattan and Sneden's Landing...