Word: indexers
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Dates: during 1960-1969
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...with those in other countries. For industrial products, Germany's principal exports, many prices not only failed to rise but actually fell. Retail prices of electric ranges, washing machines, refrigerators, watches and TV sets declined slightly in the past year. The 2½% increase in the consumer price index over the twelve months through last April was due almost entirely to an 8% increase in rents and a 2% boost in food prices...
...eight leaders-the average manufacturing work-week and prices of industrial materials-are still rising. The other six point down. Among them are the pace of nonfarm hiring, the ratio of prices to manufacturing labor costs, and stock prices as measured by the Standard & Poor's index of 500 stocks. The stock indicator does, however, show a rise for April. Overly excited by European political events and peace prospects in Viet Nam, investors sent the 500 up by 2.28 points last week to close at 104; the narrower Dow-Jones average of 30 industrials climbed 33 points...
Wherever feasible, he would abolish the trigger pull on tools ("The index finger tires easily, and is not well suited for pulling a trigger all day") to give more work to the thumb, the most powerful digit...
Portent of Decline. The consumer price index, of course, is a better indicator of the past than of the future direction of the economy. Says Economist Arnold Chase, assistant commissioner of the Bureau of Labor Statistics: "Prices tend to coast up even after the economy has begun to cool off. There has been no fuel added to the fire for several months." Several special circumstances, moreover, contributed to the March price increases. One was the fact that high interest rates were suddenly included in the figure for home ownership costs. Prices for used cars, which swung downward temporarily last year...
...There are those of us who enjoyed the idea of just coming upon something as we went through the magazine, coming onto something fresh without knowing it was going to be there. I also have the feeling there are some things that can't be expressed in an index-you just have to read them...