Word: indexes
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Dates: during 1960-1969
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...called for examinations between 1960 and 1962, Col. Robert A. Bier, chief medical officer for the national Selective Service System, found that 382,000 (or 25.4%) were granted medical deferments. Chief causes were musculoskeletal complaints (14.9%) such as stiff arms, trick knees, flat feet or the loss of an index, middle or ring finger from at least the mid-portion (slicing off the first joint will not do). Cardiovascular diseases and psychiatric disorders-including homosexuality and bedwetting -each accounted for 11%. So did being 20% overweight or underweight. Bad eyesight claimed 6%, while 7,600 beat the system by being...
...surtax urgently necessary-and, to buttress his case, he likes to point out that consumer prices have been increasing at an annual rate of 4%. But Martin Gainsbrugh, chief economist for the National Industrial Conference Board, makes a very different point. Noting that the Federal Reserve Board's index of factory, mine and utility production declined in January, Gainsbrugh said last week: "If you have slack in the industrial capacity, it's hard to persuade people that they're in danger of an overheated economy...
...inadequate, it does not come close to measuring the total market or its most dynamic companies, even though it has an exaggerated influence over the market's mood. It closed last week at 864-just about where it was three years ago. The better, broader Standard & Poor index of 500 of the 1,255 common stocks on the New York Exchange rose 20% last year, and even that figure tells only a modest part of the story. Shares on the American Exchange jumped 82% in 1967, and the Standard & Poor average of 20 low-priced issues climbed 87%. While...
...ahead all too quickly. The rise in wholesale industrial prices, which was less than 1% in the first half of last year, went up to 2.5% in the second half, while the rate of consumer-price increase rose from 2.3% to 3.8%. Figures released later showed the consumer price index up 3.1% for 1967, the second highest annual increase in ten years. Unavoidable injections of extra dollars into the economy, such as higher federal pay scales and social security benefits, are virtually certain to boost consumer spending this year. Ackley predicted that the increase in the gross national product would...
...Work. The inflation, however, should diminish somewhat by midyear and the overall increase in the consumer price index, as a result, will be about 3.4%. Steadier prices plus high employment-but with younger unskilled workers a drug on the market-could put the consumer in a spending mood, depending on tax increases. Consumer spending on goods and services will increase during the year, with the greatest increase-7.5% to an average $218 billion-again in the service area. Housing expenditures should reach about $27 billion by the fourth quarter, or roughly the same as last year, but could go higher...