Word: indexable
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...high school teachers, offers a clue to what "modern" teachers expect of U.S. high school students. Its "Tricks of the Trade" column recommends the use of mail-order catalogues in the classroom. Reason: they are "wonderful teaching aids. Skills which can be quite painlessly developed include: use of an index, addition and subtraction, certainly multiplication, use of a postage rate table, writing checks and money orders, spelling and penmanship." Besides, looking things up in a catalogue...
Judging by past performance, the market may be forecasting a business upturn. Stocks have traditionally turned down several months prior to a recession, as judged by the Federal Reserve Board's index of industrial production, turned up several months before its end, as signaled by the index reaching the prerecession level (see chart). Downturns in stock prices have run ahead of slides in business 16 times out of 19 since 1870, and stock prices have risen before general business conditions on all but two upturns since then. Only once, in 1957, did the two peaks coincide. "Basically, the stock...
...institutions, many of which are only 75% invested, have sharply stepped up their stock buying; life insurance companies doubled their purchases in December. Actually, the Dow-Jones average of 30 industrial stocks does not completely show the extent of the current rise. The broader based Standard & Poor's index of 500 stocks last week reached an alltime high...
Industrial production in December dropped for the fifth straight month, falling 2 points to 103% of the 1957 average. The drop, which brought the index to a 13-month low, was spread over almost every major industrial area, but was particularly marked in steel and autos. Auto sales, which held up well through most of December, fell 11.4% below the 1960 level in the first ten days in January. Private housing starts were also down sharply in December, fell 18% below November and 32% below December 1959 to the lowest point in at least two years...
...this index, the average U.S. school district measures .92%. Best effort: 1.67 in New England, though many of its districts are poor. In the South the average is only .59. On the prosperous West Coast the rate is a rock-bottom...