Word: indexers
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Dates: during 1960-1969
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...Spanish air force hospital for his first in-patient treatment since 1916, when Riff rebels wounded him in the stomach in Spanish Morocco. At the hospital, Spain's top surgeons removed fragments of Franco's gun and shooting glove from his hand, saved his badly torn index finger. Three days later, despite continuing pain, the portly chief of state was back in the palace, polishing up his year-end broadcast to his subjects...
Though it may help jog memories, the changeover in the base period should not, the government promises, make any difference in the percentage fluctuations shown by the indices from year to year. Thus, the rise in the Consumer Price Index from 1950 to 1960 is 23%, regardless of which base period is used. But the new base will mean a dramatic drop in the apparent level of many indicators, e.g., the Consumer Price Index for November would be 104.6 calculated on the new base v. 128.3 on tne 1947-49 base...
...reader of the U.S. Government's good, grey statistics knows, 1947-49 equals 100. But last week the Budget Bureau announced that in January it plans to change the base period for a wide range of indices-most notably the Consumer Price Index-to 1957-59. According to the bureau, indicators lose meaning unless they are based on a period recent enough for most people to remember...
...STEADY PRICES. For the first time in 20 years, U.S. business experienced the delights of expansion unaccompanied by inflation. Though the industrial production index reached a new high at year's end, the cost-of-living index crept up less than 1% during the year, and wholesale prices actually fell...
...BOOMING STOCKS. In years past, many Americans regarded the stock market primarily as a hedge against inflation. In 1961, even without that spur, Wall Street's bull knocked over one record after another, charged into the 720s on the Dow-Jones industrial index. On the New York Stock Exchange, a billion shares were sold, the biggest volume for any year since...