Word: indexed
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Dates: during 1990-1999
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...five years, the economy is growing, and crime has eased somewhat. But underneath that surface is the accumulated wreckage of political paralysis, endemic violence, disintegrating families, two decades of wage stagnation and cultural vertigo. Marc Miringoff, director of Fordham University's Institute for Innovation in Social Policy, maintains an index of social health that factors in 16 social problems ranging from child abuse to the number of Americans on food stamps. In 1970, the index's first year, it stood at 73.8 out of a utopian 100. For 1994, Miringoff expects a record low of about 35. Says he: ``People...
...plateau of criminality for a long time,'' says John Stein, deputy director of the National Organization for Victim Assistance. ``And the American public is worn out by it.'' For all Americans, the odds of becoming a victim are far greater than they were in 1963, when the FBI crime index counted 2,180 reported crimes per 100,000 people. Three decades later, police agencies reported investigating more than double that number: 5,483 crimes per 100,000 people...
...Indexing refers to adjusting taxable profits for inflation. However, interest profits are not indexed, so why index capital gains? Indexing only one type of investment would create distortions in the economy and many possibilities for new tax shelters. Furthermore, capital gains tax reform could result in the Treasury collecting no revenue from the tax--according to revisions in the tax code proposed by some conservative economists such as Harvard's own Professor Martin S. Feldstein '61. The claim that Treasury shortfalls from capital gains tax cuts will be compensated because the cuts will create growth (and thus tax revenues) from...
...Jones industrial average rose again today, climbing 23.88 points to close at 3,932.34. The index surged by nearly 50 points last Friday. Today's finish is the best for the blue-chip measure since October 19, when it closed at 3,936.04. The New York Stock Exchange composite index climbed 1.86 to 255.81. The Nasdaq Stock Market composite rose 6.00 to close at 768.16. The American Stock Exchange market value index rose 1.40 to 437.53.MONEY ONLINE will return tomorrow...
...cheer as the Christmas shopping season got into full swing. The economy created a whopping 350,000 new jobs in November, far exceeding the forecast of economists and dropping the unemployment rate .2%, to a four-year low of 5.6%. The new jobs helped boost the Conference Board's index of consumer confidence in November to its highest level in four years; the personal income of Americans grew a healthy 1.4%. Measures of consumer spending and manufacturing strength also surged. About the only dissonant note was the likelihood that all the good news will cause the Federal Reserve, which...