Word: indexer
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Dates: during 1950-1959
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Among the causes for the buying spree were the inflationary implications of a proposed $8 billion hike in the national debt ceiling and a new high for the consumer price index, which climbed to a record 123.7 in June. There were also some good business reasons. The depressed machine-tool industry noted a 7% rise in new orders from May to June. Second-quarter earnings in some key industries showed a better recovery than expected, indicating that a snapback in profits may be closer than previously anticipated. Many investors were also quite obviously influenced by the headlines from the Middle...
Wars and rumors of wars usually cause commodity prices to rise. In the first 60 days of the Korean war, commodities went from 146.53 to 179.54 on the Dow-Jones commodity futures index. The current Mideast crisis has brought no such rise. In the two weeks since the Iraqi coup, the index actually eased down from 156.64 to 156.63. Said R. G. Patterson, director of Lamson & Sessions Co., a Cleveland metal fabricator: "We see no signs of scare buying. Nobody is excited...
...Federal Reserve reached the same conclusion with a different set of soundings. At 130 on the 1947-49 index, June industrial production was two points above the May level-and four points higher than April. Output was up in all major categories with increases ranging from four points in both industrial goods (machine tools, aircrafts, etc.) and consumer durables. Even more meaningful was the news on personal income. Though total personal income has held remarkably stable throughout the recession, serving as a needed ballast for the whole economy, April's rate for wage and salary disbursements had still dipped...
Even in West Germany, where the index of industrial production in May of this year slipped a fraction below the 1957 level, Economics Minister Ludwig Erhard told the Bundestag: "I do not doubt that the pulse of our economy is somewhat weaker...
Mothers of River City! Watch for the telltale signs of corruption. The moment your son leaves the house does he re-buckle his knickerbockers below the knee? Is there a nicotine stain on his index finger? A dime novel hidden in the corn crib? Is he memorizing jokes out of Capt. Billy's "Whiz Bang"? Are certain words creeping into his conversation? Words like "swell" and "so's your old man"? If so, my friends-ya got Trouble...