Word: indexable
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Readers of the early season scrimmage of the Great Ideas may relish this anecdote. Intending to be facetious, I once asked an ardent indexer whether God had been included in the index. His prompt, patronizing and humorless reply stunned me: "Yes, but we've subdivided...
Washington reported the first drop since June in the cost of living index: 0.6% from 189.1 to 187.9 (100 equals the 1935-39 average). The main causes: cheaper fruits, vegetables and eggs, clothing and house furnishings. The drop meant a pay cut of 1? an hour for 1,250,000 railwaymen and 40,000 aircraft workers whose wages are tied to the cost of living in union contracts (in this case using the old index, which fell 0.9% from...
Just as many labor contracts are tied to the Bureau of Labor Statistics index of consumers' prices, so billions of dollars worth of business contracts are tied to the BLS wholesale price index. Frequently, the delivered prices of new ships, houses, engines, etc. depend upon the fluctuations of this index from the time they were ordered...
Last week this important index underwent a big change. The Labor Department brought it up to date by including scores of products (television sets, antibiotic drugs, plastic materials, Orion, frozen foods, etc.) which scarcely existed when the old index was drawn up in 1932. Listing twice as many commodities (a total of 1,845), it will provide a more accurate cross section of present-day markets. One change, however, stirred up criticism: 1947-49 average prices were used as the index base of 100, instead of the old base of 1926 prices. Result: when the old index ended, it stood...
Finger Writer. A ballpoint pen that fits over the index finger has been invented by R. L. Fuerst, a German refugee who fled from Hitler to Spain, then to China, then to the U.S. when the Communists started moving in. He will put it on sale in the spring, has already lined up orders for nearly 90,000. Price...