Word: indexable
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Barreling Along. In the past four years, corporate profits (adjusted for inventory changes)-$41 billion in 1955-have stayed about even, while personal income has soared 19% (to $324 billion). The consumer price index in June stood at 116.2, 3 points higher than the June 1952 level. Thus, despite the inflationary pressure of a 20% increase in average weekly earnings since 1952, the cost of living has risen 7 points less than it climbed in the four years between 1948 and 1952, while the median average income ($2,323 in 1955) has gained 75% since...
...January 1950, by federal fiat, the TV set was suddenly transformed in effect from luxury to necessity. This happened when the Bureau of Labor Statistics decided that TV sets belonged on the list of the hundreds of items it uses to compile its cost-of-living index. Three years later, by BLS "decree," automatic laundry service and biscuit mix also became necessities. It is easily conceivable that in time the same road will be taken by air conditioning, electric blankets, power steering, and a thousand other amenities. This is the familiar old American process of raising the standard of living...
After edging up all spring, the U.S. cost of living has reached a record high and is expected to go higher. In June, the Bureau of Labor Statistics reported last week, the Consumer Price Index (1947-49 = 100) took its biggest monthly spurt in nearly five years-0.7% over the previous high of 115.4 reached in May (and equaled once before in October 1953)-Chief reason for the spurt: a sharp (2%) rise in food costs, partly seasonal. Said BLS Commissioner Ewan Clague, who saw no signs of inflation in the jump: the index "will probably creep up a little...
...Another index of discipline: of Platoon 71's 68 survivors, 63 were sent from Camp Lejeune to Parris Island for possible use as witnesses in the court-martial. Of these, two promptly went over the hill. Of the five not at Parris Island, one is in the hospital, one is AWOL, one has deserted, one is being held for commanding officer's punishment, one is in the brig...
...bestsellers went on the Catholic Index of Forbidden Books: The Second Sex (TIME, Feb. 23, 1953) and The Mandarins (TIME, May 28), both by French Existentialist Simone de Beauvoir. Her works, said Osservatore Romano, " spread a deleterious atmosphere of existentialist philosophy ... a subtle poison . . . Madame de Beauvoir defends emancipation of women from moral laws...