Word: indexers
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Dates: during 1960-1969
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Possessive Pretension. On the other hand, McNeill stresses, the compound is often used to extremes, especially by those who pretend to possess a degree of technical knowledge that they do not have. Establishing a "pretension index" based on the length of nominal compounds and their frequency of use, he discovered that in their speeches, members of Congress were even more compound-conscious than NASA engineers. A space-technology magazine was a worse offender. It printed 300% more six-word compounds than did written NASA reports...
...latest Consumer Price Index showed another overall rise for April-four-tenths of 1 % -making the February-April 1966 increase the highest for the period in 15 years. Yet to a vast majority of the people with more money than ever to spend, the increase had little impact...
Inflation by Anti-Inflation. The April figures would certainly suggest that inflation is no longer nearly so inevitable as it seemed only a few weeks ago. Yet no sooner did the slowdown statistics come through than out came the cost-of-living index. It is based on the U.S.'s last significant inflationary period-1957-59-and for April, as it had in the three previous months, it showed an increase. This time the index was up by 3.5%, to a level of 112.5, meaning that last month it required $112.50 to buy what a consumer was able...
...most standards, this is inflation. Yet at the same time, those who looked closely at the figures could find room for argument. Food costs, which up to now had been leading the index upward, were stable in April. Major factors in the increase were the restoration of federal excise taxes on autos and telephone service plus recent hikes in mortgage interest rates. Thus, anti-inflationary measures were actually inflating the cost of living...
Since January, the rate of stock slippage has stepped up. Thus, Zurich values are down 6½% this year. Amsterdam is down 8½%, the German Herstatt index is off 12½% and Paris Bourse prices are down 2½%. There is one bright spot on the European market scene: after a very bad 1965, stoic British investors, convinced that inflation is here to stay and that stocks are the best protection, have upped the 'London Exchange 5.5% this year. And some groups of stocks, including gas, because of recent North Sea discoveries, and aircraft, because of improved profits...