Word: indexers
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Dates: during 1960-1969
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Most Government economists believe that the G.M. strike will not cause the economy any permanent damage, but the critical point is fast approaching. New car sales have dipped 20.5% below 1963's pace, and the Federal Reserve's industrial production index for October is expected to show a drop of nearly two points-its first decline in more than a year-as a result of the strike. General Motors has already lost production of some 400,000 autos worth nearly $1 billion, and although some of the loss will be made up in later sales, a good part...
Last week Giscard took to TV again to unveil the newest addition to his anti-inflation arsenal: for the first time in 34 years, France will have a balanced budget in 1965. Moreover, he reported, the stabilization plan had cut the consumer-price-index increase in one year to 2.9% v. the 4.9% rise the year before without any appreciable brake on the economy's overall growth. In the new budget, government credits for badly needed superhighways will increase by 26%, investment in France's antiquated telephone system will go up 11.5% and minimum old-age pensions will...
...natives suddenly afforded a sympathetic ear and, more important, the name and telephone number of the proper municipal authority to call. In addition to telephone guidance, Call for Action has assembled and published a neatly tabbed book listing 18 of the city's agencies, with a cross-index linking each problem with cause and solution...
...Index at Clarke...
Italy's wholesale prices have steadied, and Milan's stock exchange index has just crept above 6,000 for the first time since last spring. Last week, Treasury Minister Emilio Colombo reported that Italy's balance of payments has switched from a monstrous $1.2 billion deficit last year to a surplus of $535 million for the past five months. At the same time, Parliament acted to curb the national passion to buy on credit by passing a law requiring 25% down and two-year terms on installment purchases. Best of all, the lira has been revivified...