Word: indexable
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...worrisome "pause" in the nation's economic recovery (TIME, Oct. 4) was further documented last week when the Commerce Department announced its Index of Leading Economic Indicators for August. The index dropped for the first time in 18 months, declining 1.5% from July's figure. On Wall Street investors responded to the news by sending the Dow Jones industrial average into an 18.20-point plunge, its biggest one-day slide in more than four months...
...contracts and orders for new plan and equipment (both declined). But Julius Shiskin, commissioner of labor statistics, believes there are technical aberrations in the layoff and work-week statistics and that after recalculation they will be corrected for the better. Other factors taking the sting out of the August index drop: the decline in new orders followed a strong surge in July economists expect capital spending to pick up again in September; the number of building permits issued rose in August, a further sign that the crucial construction business is slowly recovering...
Still, the index seems to show that while the recovery has not been reversed, it surely has slowed. The G.N.P grew by 9.2% in the first quarter, by only 4.5% in the second, and was general expected to sustain its second-quarter growth in the third. Now many economists will be revising their third-quarter predictions downward...
...Because the future for inventory changes was not available in time, only eleven categories were used for the August index...
...campaign is his claim to have restored trust to the White House. Among the Democratic candidates who competed in the primaries, Carter was the first to perceive that trust would probably be the major issue in the campaign. Each is offering his record of probity as an index to his trustworthiness. Both are devoted family men and each has a deep religious faith. Carter is a born-again evangelical; Ford is an Episcopalian who participates in weekly White House prayer meetings. Says Georgetown University's Political Scientist Jeane Kirkpatrick: "They come from modest origins, having achieved personal success with...