Word: indexable
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...postwar rate of growth of the U.S. economy has been "materially greater" than Government statistics show. So, last week, said Federal Reserve Board Chairman William McChesney Martin Jr. as he announced a revision of FRB's index of industrial production, the first since...
...first compilations of the revised index, now near completion, show that U.S. output, which reached a record 155 in June (1947-49 average: 100), is actually ten points higher. The FRB made its revision on the basis of a detailed business census for the year 1954, which reviewed some 6,000 product lines in manufacturing alone...
Almost half the jump was caused by the addition of electric and gas utilities' production to the index base. The rest of the change was due to improvements in measuring industries already included in the index. Under the revised index, industrial output of consumer goods has risen at an annual rate of 3.8% during the past decade, v. a 3.2% rise shown by the unrevised index. The U.S. population has grown at the rate of 1.7% per year...
...weeks ago. Dr. Grubbe's cancer began to spread faster. In a three-hour operation last week. Surgeon John R. Orndorff removed an egg-sized lump from his right armpit, as well as the index and little fingers of his hand. Dr. Grubbe had prepared himself for their loss by practicing household chores with his thumb and middle fingers. At week's end he had regained enough strength to renew his campaign for safety measures against the hazards of radiation. Said Martyr Grubbe: "Both Russia and America must stop exploding nuclear bombs immediately. I know what radiation...
...when a rise in the cost of living (see NATIONAL AFFAIRS) was hitting him in the pocket. Prices of beef will slip 5% to 10% in the next few months, and prices of fruits and vegetables will also drop, perhaps enough to pace a dip in the consumer price index...