Word: indexable
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...restive Consumer Price Index was still giving the Administration-and the rest of the U.S.-the creeps. Setting a new record for the fifth month in a row, it crept up in January to a mark of 118.2 (the 1947-49 average = 100), thus stood .2 above December, 1.1 above September, and a sharp 3.6 above January 1956. The 3.6 climb in a single year seemed all the more creepy by contrast with the index's behavior during the first three Eisenhower years: twitching upward in some months and downward in others, it gained only .7 from early...
...million wage earners in automobile, aircraft, farm equipment and other industries, the index's latest rise will bring escalator-clause pay boosts averaging 10 an hour. But a lot of less lucky American workers, and millions of people living on fixed incomes, are finding that, with prices going up, their standard-of-living escalators are going down. And the short-range outlook. Bureau of Labor Statistics Commissioner Ewan Clague glumly predicted last week, is that the index will continue to "creep up like this...
...head. I wouldn't be caught dead with it. I just can't believe it isn't a mental burden."* Others, including faculty members at St. John's itself, point out that Van Doren's mind comes through on TV not as a card-index file but as a reasoning instrument that explores a memory clearly embedded in taste...
While President Eisenhower was telling Congress last week that inflation is the nation's top economic worry (see NATIONAL AFFAIRS), the Bureau of Labor Statistics gave some proof of the potential danger. The consumer price index, said BLS, rose in December for the sixth month in the past seven, advancing .2% to a record 118% of the 1947-49 average, a 3.3% increase for the year...
Nevertheless, every real Wall Streeter knows that Standard & Poor's daily average, like the Dow-Jones, is only a sketchy cross section of the whole market and thus attempts merely to show the broadest changes in trading sentiment. On a weekly basis, Standard & Poor does publish a mammoth index of 480 stocks, but for hourly and daily operations, it is impractical to calculate, such a wide selection, thus statisticians limit themselves to what they hope is a small but representative sampling. As a result, the averages sometimes show a rise in the market, when the fact is that...