Word: indexable
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Commodities. The Bureau of Labor Statistics index of commodity prices crept up another fraction of a point, reached 104.9% of the 1926 average-a new wartime highwater mark. As usual, higher prices for foodstuffs contributed most to the rise...
Fresh cash came into the market from bondholders, who were also shifting their money into common stocks. At high prices, bond yields are close to record lows. Barren's noted that the ten "highest grade bonds" on its index paid only 2.6% interest. Any broker could rattle off a string of common stocks paying upwards...
Canada's cost-of-living index last week stood at 118.6 (the 1935-39 average was taken as 100). This was only 3.1 points higher than on Dec. 1, 1941. (In the U.S., living costs are up 29-30% since 1941; in Britain, up 30% since 1939.) So well had Canada's fight against wartime inflation been managed that the index showed a .7 decline in the last year...
Said he, in effect: the overall increase in the cost of living from January 1941 to September 1944 is 29-30%-but organized labor is generally better off now than in 1941. Further, Chairman Davis reported, the BLS index figures were not far wrong. Promptly, loud dissents came from Committeemen Thomas and Meany...
...scientific philosopher (Man the Unknown), 1912 Nobel Prize winner for suturing blood vessels and transplanting living organs, collaborator with Charles Lindbergh on the "mechanical heart''; of prolonged heart trouble; in France. Son of a Lyons silk merchant, chunky, bald, beret-wearing Carrel could reputedly thrust his thumb & index finger inside a matchbox, tie a catgut knot impossible to undo with two hands. In nearest-complete secrecy, he experimented in his black-toned, dustless Manhattan laboratories, later on isolated St. Gildas Isle off France. A wit, connoisseur, inspired but abstemious gourmet and longtime agnostic, he received the last rites...