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Doctors said the pope's intestinal bypass may be closed within a week, but added that surgery on the two bones of his left index finger--fractured in the shooting--was not yet being considered...

Author: NO WRITER ATTRIBUTED | Title: Pope Celebrates Mass From Hospital | 5/18/1981 | See Source »

...slow down. The basic underlying rate of rise for consumer prices remains at about 10%, but the level of inflation for the first quarter dropped to an annual rate of 9.6% from 13.2% in the final quarter of 1980. The Bureau of Labor Statistics reported that the Producer Price Index for April, a precursor of consumer prices, rose at a 10% annual rate, down from the torrid 16.8% pace of the previous month...

Author: /time Magazine | Title: Sky-High Interest Rates | 5/18/1981 | See Source »

...profit. Last month the Federal Home Loan Bank Board voted to allow savings and loans to issue variable-rate loans with interest charges that rise and fall with prevailing rates. The cost of the mortgage could be adjusted as often as each month according to an agreed-upon index, such as the yield on U.S. Treasury bills. Under this plan, a mortgage signed today at 15% might increase to 18% in a year or so, if interest rates continue to rise...

Author: /time Magazine | Title: Beating the Cost of Mortgages | 5/18/1981 | See Source »

Romance is not dead; it is just very, very expensive. While the CPI (Consumer Price Index) rose 258% in the past 25 years, the CLI (Cost of Loving Index) soared 420% during the same period. Moonlight still comes cheap, but a dozen long-stemmed roses, $5 in the '50s, sets the sender back $60 today. A couple of drinks at a cocktail lounge will cost about $4.50, compared with $1.50. Going to the movies, once a couple of bucks, is now about...

Author: /time Magazine | Title: Living: The High Cost of Loving | 5/4/1981 | See Source »

This yields the student's "priority index" number. The students with the highest numbers will have first dibs on six popular engineering courses...

Author: By Compiled FROM College newspapers, | Title: Michigan Adopts Priority Formula | 4/18/1981 | See Source »

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