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Butlered Bon Ton. Last week Lucius made news again. Snoot If You Must is autobiography in the sense that Lucius' life, as reported by Author Beebe, has consisted chiefly of eating and dressing in public. The book reports Lucius' ad ventures with "butlered bon ton." Its index of exquisites runs from Abdy (Lady lya) to Zerbe (Jerome). It lists almost every gastronomic heaven from Manhattan to Hollywood, supplies food for every thing but thought...

Author: /time Magazine | Title: Books: Everything the Best | 11/29/1943 | See Source »

...years, the Federal Reserve Board's index has been the authoritative barometer of U.S. industrial production. In peacetime, many a U.S. businessman eagerly scanned the index's monthly rise-or fall-shifted his financial position accordingly. Many a financial house bases its carefully computed private index on that of FRB. Last week, FRB admitted, with tremendous dignity, that for two years its index has been inaccurate...

Author: /time Magazine | Title: STATISTICS: Figures Can Lie | 11/1/1943 | See Source »

...simple explanation. Skyrocketing war production knocked peacetime measuring sticks into the statistical ashcan. Example: the chemical industry. In peacetime, chemical production weighs little in FRB's scales. Thus, when the industry mushroomed under astronomical orders for explosives, the FRB index failed to show it. To rectify this, FRB boosted the statistical importance of this industry, added some 20 others to the index and found new yardsticks, e.g., in the converted rubber industry, man-hours worked replaced the former measure of activity-rubber consumption. All this forced FRB to boost the index 36 points to 243 (1935-39 average equals...

Author: /time Magazine | Title: STATISTICS: Figures Can Lie | 11/1/1943 | See Source »

...When the index was given its last major overhauling, in the campaign year of 1940, there were cries from many a bigwig statistician, including Cleveland's Brigadier General Leonard P. Ayres, that the updating was for political purposes. This time, outside of the necessary slide-rule juggling to bring related indexes into line, there was no commotion. Most businessmen, ear-deep in war work, now have only an academic regard for FRB's index. They gauge their business prospects by the communiqu...

Author: /time Magazine | Title: STATISTICS: Figures Can Lie | 11/1/1943 | See Source »

...well-guarded brick building in Chicago houses what may well be the most priceless card index in the U.S. The index belongs to a young chemist named Martin H. Heeren. The cards bear strange titles...

Author: /time Magazine | Title: Science: Rare Business | 10/25/1943 | See Source »

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