Word: indexes
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Dates: during 1970-1979
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...price. Some of the Sisters have moved heavily into metals, a field in which their geologists have considerable expertise. Shell produced and sold $1.2 billion worth of aluminum, copper, zinc and nickel last year, enough to rank it among the top 100 firms on the FORTUNE 500 index even...
...bittersweet flavor laced the economic news last week. On the good side, the consumer price index, after racing ahead at an average annual rate of 10.8% in the three months ending in June, slowed down a lot in July, chiefly because of a drop in food prices. On an annual basis, the index rose only 6%, the smallest increase since December. Unemployment also dipped, falling to 5.9% in August from 6.2% the month before. The bad news was that after months of steady improvement the nation's trade deficit in July came in at a scary $2.99 billion, nearly...
...television interests. In addition, inflation has pushed the cost of paperbacks higher than the average for most commodities, demanding more aggressive salesmanship. In the past six years the cover price of a rack-size book has jumped 77%, from an average of 930 to $1.65. The consumer price index for the same period rose 44.8%. Where will it end? Inflation is not likely to vanish and neither is the desire of publishers to secure bigger blockbusters. This is almost certain to cause new records in paperback auctions. Says Putnam's Webb: "There's no ceiling. God knows, there...
...capital gains tax is tied to the cost of living index, thus excluding from taxation any capital gains that result from inflation...
Paul could act with surprising calm in sweeping away the disciplines of centuries. In 1966 he decreed an end to the traditional obligation of abstaining from meat on Fridays. He abolished the notorious Index of Forbidden Books, which had once included the works of John Locke, Victor Hugo and Voltaire. In theological controversy, excommunication and charges of heresy gave way to milder methods. Even Swiss Theologian Hans Küng's celebrated critique of papal infallibility was handled gently: Küng was simply warned not to teach such opinions in the future, but did not have to recant...