Word: indexable
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...figure declined to about one-third of all blacks in 1969 and has hovered there ever since. In 1972, 33% of America's black families fell below the poverty line. (The current poverty line, recently revised upward from $4,275 due to a rise in the consumer price index, is an income of $4,500 for a nonfarm family of four.) Inflation has hurt the black poor particularly cruelly because they have to spend a larger percentage of their income for food and shelter than middle-income people do, and prices for these basics have been spiraling. A Congressional...
...thought that the statistics were sometimes sparse, that they should and would be subjected to extreme scrutiny. Many pointed out the limitations of economics in re-creating the past. Historian Harold Woodman noted, for in stance, that the book's use of per capita income as an index of economic growth is questionable when applied to a nonindustrial society. Economic Historian Murray Rothbard said, "Cliometrics doesn't work for the current economy, so how could it work on information from 1860?" Sociologist Orlando Patter son questioned some of the inferences that Fogel and Engerman draw from their statistics...
...appear to justify Abolitionist claims that the pre-war South was one big brothel. But neither does it attempt to measure whatever lesser forms of sexual exploitation of slaves occurred. Or, as Fogel and Engerman themselves put it, "while the cliometricians have been able to construct reasonably reliable indexes of the material level at which blacks lived under slavery, it has been impossible, thus far, to devise a meaningful index of the effect of slavery on the personality or psychology of blacks...
Earl Scruggs Revue. Earl Scruggs plays a mean banjo, which reminds me: Harvard is playing mean with its printers. Since 1968, printers' wages at Harvard have risen only 28 per cent compared to a 35 per cent rise in the consumer price index. Support the printers' demand for a 9 per cent pay hike instead of the piddling 5.9 per cent suggested by Harvard. John Lincoln Wright and the Sourmash Boys play second bill. Through Saturday June 1 at The Performance Center...
...full year below 10%. Greenspan predicts that retail prices will go up 10.4% for the year, making 1974 "the first calendar year of double-digit inflation since 1947." Eckstein frankly states that he can see "nothing but disaster" this year on the inflation front. He expects the consumer price index to rise 11.1% for the year and the wholesale price index to leap an incredible 17%. For length and severity, says Eckstein, the current U.S. inflation has already become the worst since World...