Word: indexable
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...best received by the delegates on opening night?came from Gerald Ford, who accused Carter of having "sold America short" and of having "given up on the presidency." Ford clearly relished getting even with Carter for having attacked Ford in 1976 because of what Carter dubbed the "misery index"?the sum of the inflation and unemployment rates. It was then 12%. Said Ford: "Just two months ago, it was 24%?twice as high. That's twice as many reasons that Jimmy Carter has got to go." Continued Ford: "You've all heard Carter's alibis: inflation cannot...
...Indexation is also widespread in the private sector of the economy. The United Auto Workers in 1948 negotiated the first labor contract that included a COLA clause. The percentage of employees covered by cost of living escalators has risen from 26% in 1965 to 58% at the beginning of 1980. The current auto agreement, which is typical of those for many major unions, pays workers an extra penny an hour for each three-tenths-point rise in the Consumer Price Index. That has increased the average hourly wage so far this year by 71?, to $9.84. Such escalator provisions usually...
...level remained high at 7.7%, and, perhaps most disturbing, the total number of working Americans went down by 450,000 for the month. Administration officials admitted that the recession was still spreading throughout the economy. New factory orders tumbled 2.6% in May, their fourth straight month of decline. The index of leading economic indicators, a barometer of future business trends, fell another 2.4% in May. But the decline was not as steep as April's appalling 4.1%, hinting that the economy's free fall of the past several months may be slowing...
Mary Poppins, made in the early '60s, provides a good index for figuring changes, cinematic and societal...
DIED. Arthur C. Nielsen, 83, founder and longtime chairman of the A.C. Nielsen Co., the Illinois-based market research firm (1979 revenues: $398 million); of pneumonia; in Chicago. Though the company's largest operation is its retail index, which charts purchases of grocery and drugstore products for corporate clients, it is most widely known as the source of the TV audience ratings that make or break shows and network executives alike. The system remains virtually unchanged since Nielsen introduced it in 1950: the TV tastes of the nation are distilled from a scientifically selected and highly secret sample...