Word: indexable
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...early 1960s, Kharkov University Professor Yevsei Liberman argued that profit, not production quotas, should be considered the key index of efficiency and that a degree of local managerial autonomy should be permitted. For a brief period, Brezhnev & Co. went along with his ideas. As British Sovietologist Leonard Schapiro notes, "Communist regimes are always willing to yield to economic reform if it will stop the people from demanding political reform. [But] you can't reform an economic system without reforming it politically as well." Brezhnev soon concluded that Libermanism might ultimately lead to liberalism, or something equally loathsome, and the reforms...
Last week in a letter to the New York Times, a reader named Richard Shramko made an engaging if wistful suggestion: the creation of a "Quality of Life Index." Like a weather service temperature-humidity index, the Q.L.I. would take into account "air and water pollution, the unemployed and those on welfare, the adequacy of housing and medical care, the acres of accessible park land, crime and auto accidents, the years it takes to settle a lawsuit, the presence of minority group members in American institutions and American soldiers abroad...
...Agency is highly regarded by the military, both in terms of its general intelligence-gathering capabilities and its familiar-ity with Laos. The Air Force officers attached to the 4802nd Joint Liaison Detachment at Udorn-which coordinates Air Force and CIA functions-regard approval by the Agency as an index of their performance, and rarely oppose its recommendations...
...first time. This gigantic volume has been associated with neither a panic nor a wild speculative bout, but with a steady price advance that last week lifted the Dow-Jones industrial average seven points to a close of 868, the highest in more than 18 months. The index has recovered two-thirds of its losses between the December 1968 high of 985 and last...
...that in 1970 the nation's real output of goods and services fell by .5%, but prices rose 5.3%, the steepest one-year advance since 1951. Even so, Friedman tirelessly maintains that the momentum of inflation is slowing, because the annual rate of increase in the consumer price index declined from 6.3% during the first three months of 1970 to 5.8% during the second quarter and 4.2% in the third. During the first two months of the final quarter, the rate of rise went up to 4.8% annually, but that, at least, was considerably below the 6% rate...