Word: indexers
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Dates: during 1950-1959
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LIVING COSTS HIT NEW PEAK, cried the headlines. Up went the U.S. Consumer Price Index by one-half of 1% during the month of July to its eleventh successive monthly alltime high, adding up to a creeping 3.2% inflation since July 1956, a decline of 20.8% in the spending power of the dollar since 1947-49 (see BUSINESS...
...have often moved in opposite directions. From 1951 to 1955 the price of steel rose 14%, while household appliances dropped 13%. When U.S. Steel in May 1948 tried to fight inflation by refusing a wage increase and instead cut steel prices by $1.25 a ton, the cost-of-living index spurted two percentage points during the following three months. After three months U.S. Steel realized "we might as well have tried to stop an express train with a peashooter. So we had to rescind our price action, increase the pay of our workers and try to catch up with...
Your July 22 story "Self-Defeat" points up the ability of Nielsen Television Index to provide much more comprehensive measurement of TV audiences than mere "ratings." While it is true that there is some interplay of audience between the Ed Sullivan and Steve Allen programs, our research has shown that tune-outs are not excessive. We checked minute-by-minute viewing against the commercial placement for the night on which the particular study was made, and found no significant changes in levels of viewing at the times the commercials were presented. Therefore, your "sponsor-sobering conclusion, i.e., viewers...
Domestically, the phony cost-of-living index, artfully manipulated to conceal the inflationary upcreep, has finally burst through its ceiling, setting off an automatic 5.5% minimum wage rise for 800,000 employees. With every allowance for crop failures, the cost of Suez and the price of Algeria's billion-franc-a-day war, said Gaillard, France's "fundamental" trouble is that "for several years our internal consumption has been rising more rapidly than our production...
MEAT PRICES, which accounted for 20% of cost-of-living index boost since December, will stay high for another year. Livestock herds are low, will not reach another cyclical peak until...