Word: indexation
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Dates: during 1980-1989
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...reason: many economists now doubt that further cuts in interest rates will give much of a boost to the economy, which was muddling along at only a .6% annual clip in the second quarter. Another sign of the economy's mixed prospects came with the release of the latest index of leading economic indicators, the government's chief forecasting gauge. The index rose by a sharp 1.1% in July, but that gain was balanced by a revision of June figures that showed a decline of .4% rather than the previously reported increase...
...deficit had placed the economy in "difficult and dangerous" circumstances. It has undoubtedly caused much of the recent slowdown in growth: the economy expanded at a 1.1% annual rate between April and June, down from a 3.8% rate the previous quarter. The Commerce Department reported last week that the index of leading economic indicators, a barometer of future growth, increased by a modest 1.3% in June. The unemployment picture, though, improved somewhat. The number of jobless Americans fell from 7.1% to 6.9% of the population...
...that tried to put the brakes on the U.S. civil rights movement in the 1960s. Shultz, reading between the lines, said he "hated to hear a U.S. Senator call for violence." Biden erupted, his voice reaching heights of calculated fury. Jabbing the manuscript of Shultz's testimony with his index finger, he shouted, "I'm ashamed of this country that puts out a policy like this that says nothing, nothing! It says, 'Continue the same.' We put no timetable on it. We make no specific demands. We don't set it down. I'm ashamed that's our policy. That...
...bright spot in the global economic picture remains the squelching of inflation. In the U.S., the consumer price index will rise only 1.5% this year, accelerating slightly to 3.5% in 1987. Western Europe's 1986 inflation rate will be 2.8%, and that figure will stay about the same next year. Inflation will increase only modestly during 1987 in the Pacific region, with the rate of price increases ranging from 1% in Japan to 7% in the Philippines...
...reason for that relative lack of concern is that the new stock index futures markets, which may have helped trigger last week's selling, give institutional investors the opportunity to hedge against sudden losses. Said Arthur Randall, a broker with the E.F. Hutton investment house: "It takes much more than 80 points and two days to convince them that the party is over...