Word: indexable
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...member of TIME'S Board of Economists, rates the temperature of the current recovery to be near normal, al though he notes that optimistic business men are scrambling to stock their shelves and supply bottlenecks are be ginning to show up. But the question remains whether the boom index will real ly be able to warn of a dangerously rising temperature before it is already too high to be cooled down...
...Group had urged, among other things, acceptance by consuming countries of a plan to link or "index" prices of raw materials to increases in the cost of industrial products-an arrangement that might only fan worldwide inflation. The Group had also wanted a general debt rescheduling for the poorest countries; largely because of rising oil prices, their international borrowing has soared in the past few years, burdening them with heavy debt payments. Kissinger argued that the new bank would help take care of the commodities problem. Debt rescheduling, he said, should be handled on a case-by-case basis...
...wall in the snack room on the third floor of Holyoke Center are greeting cards from sick employees and a white-index card reminding employees that a woman who broke her hip has her birthday on April 19. In another end of the room, a low-level supervisor with sandy, nondescript looks and saddle shoes is smoking cigarettes, and he is speaking with an older worker. She seems more talkative than he is, but only after the reporter has stopped talking to her supervisor does she feel free to speak. She has been here 13 years and she laments...
True, the index of leading indicators -those figures that foreshadow economic trends-fell .4% in March, but that appeared to be an aberration that probably was reversed in April. Some economists already believe that total national output in the current quarter, discounted for inflation, will match the unexpectedly strong 7.5% gain of the first three months...
...Indexing Idea. What frightens Iranian planners most is the unanticipated slump in oil sales over the past two years. To offset a $2.4 billion decline in income, they have postponed plant construction and raised corporate taxes. But the experience has not changed Iran's position as one of the leading price hawks in the OPEC cartel-quite the opposite. Though Iran made a tiny price cut on heavy crude last winter as a concession to the market, its planners fully intend to argue OPEC into raising prices again this year. How much? Hushang Ansary, Minister of Economic Affairs...