Word: indexable
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Members of the Harvard Employees Organizing Committee yesterday criticized Harvard's pension plan, chiefly because the plan's payments are not tied to a cost-of-living index...
...rate of inflation, from 12% late last year to slightly more than 6% now. Rising confidence, a key to recovery psychology, has buoyed the stock market. The Dow Jones industrials have jumped 22% in two months on heavy trading volume. Albert Sindlinger's Consumer Confidence Index turned up in mid-January from a record low, and nearly doubled in February, when 40% of those polled said that they felt economic conditions would improve. The figure is still quite low, but the rise is one of the sharpest ever...
Though inflation continued at an annual rate of more than 14% during 1974's final quarter, the monthly rise in the cost of living began slowing noticeably; the consumer price index rose by one percentage point or less in October, November and December. In January the CPI'S rate of rise tapered to 0.5% for a compound annual inflation rate of "only" 6.2%-the lowest since April of last year. Reason: food prices, a major component of the CPI, peaked in November and have been easing since...
...criminals to steal works of art in this country," says London Art Dealer Hugh Leggatt. "The police in Britain have always been far ahead of their foreign counterparts in detecting and recovering lost works of art." In its first four years, the art squad-which now keeps a computer index of 5,000 missing works-recovered about $30 million worth of paintings, sculpture and antiques...
...average number of weekly hours worked and 1.2% decline in real gross average weekly earnings. Another twelve major labor areas were added to the list of places with "substantial"-6% or more-unemployment. The only comfort was provided by a rise of .6% in the consumer price index, the lowest increase since April 1974-an indication that the recession is slowing the rate of inflation...