Word: indexable
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...discarded because they dealt exclusively with domestic policy at a time when the attention of the voters had swung to foreign affairs, and they were dull besides. Nor is there any full-time speechwriter. Reagan reserves that job for himself, endlessly scribbling passages on 4-in. by 6-in. index cards, which he shuffles into new arrangements to vary the standard speech that he delivers at every town hall and country club: he blames some of his fluffs on difficulty in reading his own shorthand...
...most ambitious suggestion, the commission calls for an "accommodation between oil-producing and -consuming countries." Petroleum exporting nations, on their side, would guarantee levels of production and avoid sudden, large price increases. In return, the developed countries would commit themselves to a stiff conservation program and agree to index the price of oil to the real value of a group of strong currencies. The report also urges an all-out program to discover new oil and gas deposits in Third World countries...
...economy last week continued to throw out confusing signals about the long awaited recession, but the general trend was underlying weakness. The index of leading economic indicators, which foretells business trends, was absolutely flat in December, after pointing down in October and November; three months of consecutive declines in these indicators is normally considered evidence of a coming slump. Steel and auto orders sank sharply in December, but general factory orders were up a surprising 1.3%. Productivity, as measured by the output of workers per man hour, declined by 1.6% during last year's fourth quarter and dropped...
...average of 30 of the nation's leading companies climb by a respectable 51 points, to 876 on Jan. 31 (it closed on Friday, Feb. 1, at an even higher 881), but broader measures of investor interest in stocks also showed gains. The New York Stock Exchange composite index, which tracks the prices of 1,500-plus Big Board companies, climbed by a solid 6%, while Standard & Poor's widely watched index of 500 major U.S. corporations rose almost as much...
Great countries are built by people who take chances and have the incentive to invest in something unusual. There is no way that people will take big risks if they have to pay high taxes on fictitious, inflated profits. We ought to eliminate capital gains taxes or index them, that is, reduce those taxes to take account of inflation. As it is, well over half of the capital gains taxes are paid by people who have incomes under $50,000. We ought to cut maximum taxes on income from 70% to 50%. That would reduce tax collections by only...