Word: indexed
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Dates: during 1990-1999
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Still, a potentially promising theme is emerging: populist-flavored opposition to any tax increase that falls on the middle class or the poor. Bush's goal of reducing the capital-gains levy is another inviting target. The Democratic Leadership Council has concocted a "tax fairness index" showing that the wealthy have benefited most from tax changes of the '80s. Last week Mario Cuomo visited Washington to marshal opposition to a Republican attempt to raise federal revenue by limiting the deductibility of state and local income taxes. Raise rates on those making $200,000 and more, Cuomo demanded. "Don't come...
...South" or a state of mind called "Southern." Nor was it that way in the Mississippi to which I returned in 1959. It and the entire South could still be bound by an old set of propositions. It segregated the races by law and custom, was poor in every index except natural resources, and held fervently to a one-party politics whose ultimate, if often obscured, objective was the perpetuation of a class and caste system distinctly different from the . national ideal...
...alone. As usual, the market's jump caught most people by surprise. A May 7 Business Week story titled "How Low, Dow Jones?" had one pair of bears answering: 1000. That same day Howard Ruff's newsletter explained that "the momentum chart is very bearish. Every other major stock index has fallen below its longterm optimal moving average, making it nearly impossible for the Dow not to soon follow suit. Watch out below!" Mutual funds were sitting with record amounts of cash. Individuals had sold vast numbers of shares short, anticipating a decline...
...which has slowed to an anemic annual rate of less than 2%, might groan to a halt. The government offered further reassurance last week when it reported that retail sales rose a healthy 0.5% in June, after falling for three straight months. At the same time, the Producer Price Index, which measures the wholesale cost of goods, rose just 0.2% in June, indicating that inflation is under control...
...barrier for the first time, climbing 80 points and closing at 2900.97. All told, the Dow has risen 244 points since May 1 and has set record highs eleven times. The euphoria has spread far beyond the blue-chip Dow. The more broadly based Standard & Poor's 500 index rose 2.4% last week, to close at a record...