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...Soviets cannot buy more than 8 million metric tons unless the U.S. has extra supplies. Since stockpiles are ample and a near record harvest is in view, the department's chief economist estimated that the huge Soviet purchases would add only .2% to the cost of living index...

Author: /time Magazine | Title: Business: Grain for Ivan | 8/13/1979 | See Source »

...June increase in the Consumer Price Index was a shade smaller than the May rise, but it was still a full 1%, enough to push inflation for the first half of 1979 to a compound annual rate of 13.2%, more than twice the pace that prevailed when Carter was elected in November...

Author: /time Magazine | Title: Business: Prices: Still Flying High | 8/6/1979 | See Source »

Their constituents back home would have been astonished. Fifteen mayors sitting in a row with their eyes closed, pointing their index fingers toward an imaginary ball of light. They are responding to commands from a bearded therapist who soothingly urges them to "draw the healing spheres" to them. After playing a tape of Beethoven's Pastoral, the therapist leads his subjects into a mental pasture, where they are to find a cool stream and feel a pleasant breeze...

Author: /time Magazine | Title: In Kentucky: Defiant Mice from City Hall | 7/23/1979 | See Source »

...choices were to be made on the basis of a complicated "hazard index," a computer calculation used to determine the final orbital paths that would take the spacecraft over the least densely populated areas. Frosch has already made one firm rule about reaching those last critical decisions: Skylab will not be sent into an orbit posing a high hazard in hopes of later reaching an orbit of lesser risk. That is because NASA is simply not certain that its efforts to select the precise final orbit will work. To do nothing in such a situation is preferable to taking...

Author: /time Magazine | Title: Skylab's Fiery Fall | 7/16/1979 | See Source »

...most investors the stock market is the Dow Jones industrial average, that index of 30 stocks whose price fluctuations are a barometer of good and bad times. But complaints are common that the Dow is not really a representative market measure. In hopes of improving it, the Wall Street Journal, which selects the stocks that make up the average, has revised it for the first time in 20 years. Result: the Dow now reflects almost 25% of the market value of all 1,566 New York Stock Exchange listings, vs. 19.3% before...

Author: /time Magazine | Title: Business: Dowversifying | 7/16/1979 | See Source »

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