Word: indexable
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...background includes both the Cambridge Latin School and the Marine Corps, concluded that he wanted to free the firm from the vagaries of the stock market. Now the firm tries to provide customers with a range of financial services that it can keep selling even when the Dow Jones index is falling...
...Paris Bourse is now the hottest stock exchange in Europe. Its stock index has risen 80% since the beginning of 1978, a period during which the New York Stock Exchange's Dow Jones industrial average mostly wandered between 700 and 900. Moreover, the number of people owning stock on the Bourse has doubled to 2 million. French companies raised some $2 billion through stock offerings in 1978 and 1979, four times the amount of the preceding two years...
...have been "written on a typewriter by a typewriter." He complained of Kenneth Patchen's heavyhandedness by saying, "When Mr. Patchen hints, the pigs run in from miles around." He described the neo-Victorian poets Leonard Bacon and Witter Bynner as "traditional in the sense that an index is traditional; they are the remains of something necessary under no longer existing conditions...
Most economists suggest that another inflation indicator could be used to calculate cost of living adjustments. One possible alternative is the index used to adjust the gross national product for inflation. It is called the G.N.P. deflator and measures price increases in the whole economy and not just for consumer products. In the past year, for example, the CPI has increased 14%, while the more broadly based G.N.P. deflator has risen by only...
...Indexation at home has led to a constant devaluation on the world money markets of Israeli currency, whose name was changed from the pound to the biblical shekel earlier this year. One digit was knocked off the currency so that ?10 became one shekel. During the past six months the shekel has fallen from 3.4 to 4.7 to the dollar. Because of its huge domestic and foreign borrowings, the country already must spend a crippling 30% of its G.N.P. on repayment of loans and interest. As its currency loses value, the burden of its foreign debts will become heavier...