Word: indexed
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Dates: during 1960-1969
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...every lawyer's mechanical research done once and for all and store the results in the sturdy, unfailing memories of computers? Assured by electronics experts that the concept was technically feasible, Hoppenfeld raised enough capital to found Law Research Service, Inc., hired colleagues to sort out, classify and index a million rulings that New York state courts had handed down over the decades. The work took three years and 50 lawyers...
...lawyer who wants to find out what New York state courts have ruled on a particular point will no longer have to plow through shelfloads of books -he can simply ask Sperry Rand's Univac III. A Law Research Service law yer translates the inquiry into a few index words or phrases, puts the information on a punched card and feeds it into the computer. Univac III then scans reels of magnetic tape at the rate of 120,000 cases a minute, swiftly types out the titles of the applicable rulings...
...Jones index has risen 40% since June 1962, and the market is on much firmer ground than it was at the time of its previous peak in December 1961. The average price of stocks in the Dow-Jones average is 19 times per-share earnings now v. 25 times earnings then. Of the 30 Dow-Jones blue chips, 18 are selling for less now than at the end of 1961, although their profits are generally higher. (The index is up largely because of strong gains by eight stocks: Chrysler, G.M., International Harvester, General Electric, Texaco, Standard Oil of New Jersey...
Hawes admits to the limitation of using merely the New York index, since Yale is the favored school among New York society, and Harvard the favorite of the Boston and Philadelphia elite...
Moreover the school's impersonality often interferes with its educational system. For instance, students tend to blame Hunter's inflexible academic standards for their extreme grade consciousness; the college automatically expels any student whose index falls below a set level and allows no one to remain on probation for more than two consecutive terms. Further, admissions are equally impersonal, since they are determined solely by an involved computation which includes high school marks and SAT results...