Word: indexed
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Dates: during 1950-1959
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...meanwhile the population increased from 15 million to 19 million, so that the net per capita gain amounted to only 10%-an unremarkable showing for a decade in which many Western nations raised their living standards by a good deal more than 10%. (U.S. gain: about 18%.) The index of industrial output rose from 76 in 1945 to 100 in 1950, but at that point stagnation set in: last year the index was still 100. The construction index, 62 in 1945, actually shrank between 1950 and 1954, from 100 to 90. Agricultural output, apart from grazing, went up by about...
...Army is glad to pass: the sardine-packing of 3,000 or more men into the hull of a single ship for months on end. So the Naval Medical Research Institute at Bethesda is crowding mice into little boxes and checking the working of their adrenal glands (an index to stress). Purpose: to learn how and why their "vitality and viability" go down in a crowd. Other Bethesda specialties...
...consumers, higher prices pushed the cost-of-living index up .2% to 114.4% of the 1947-49 average, the first rise in a year. But there were no signs of a slow-up in buying by well-heeled consumers. (Auto workers got the fattest paychecks ever, an average $103.09 weekly - $13.28 more than last year - at General Motors for the first six months.) In a June sampling of 2,000 families, the University of Michigan's Survey Research Center found that 75% thought it was a good time to buy large household items (appliances, furniture, etc.), while more families...
...some prices. Ben Moreell, chairman of Jones & Laughlin Steel Corp., last week called a press conference to 1 ) defend the steel price increase, and 2) argue that it would not necessarily lead to a general increase. Since early 1951, steel prices have gone up 23% but the general price index has declined 5.6%, partly be cause of lower food costs and partly be cause of improved manufacturing meth ods which cut retail price tags. Said Moreell: "We have had a stable price level for the past two years ... Of it self, the wage settlement was neither inflationary nor deflationary. Improvements...
...stock is doing well if it sells at ten times its earnings), and I.B.M., a leader in automation, which is selling at almost 40 times earnings. In three months buying for growth has boosted the stocks of chemical companies (exclusive of Du Pont) on Standard & Poor's index up 14% and aluminum companies...