Word: indexes
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Dates: during 1970-1979
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Bosworth comes to his job as the nation's top inflation fighter at a jittery time. Despite falling food prices, the Consumer Price Index has been racing upward at an annual rate of 8.1 % over the past three months, well ahead of the Administration target of 6.5% for this year. The most faithful White House aides are now skeptical that the President will achieve his goal of reducing inflation to 4% by 1979. One reason: many economists fear that the combination of taxes and price boosts in Carter's energy program will only add to living costs...
Analysts seeking to explain the market's jitters could point to some cloudy economic news. The index of leading indicators, a widely watched barometer of future trends in the economy, dipped down slightly in June, casting some doubt on the durability of the present brisk expansion. Investors have also been puzzled by the slow progress of the Carter tax and energy programs in Congress; they have been concerned about the growing U.S. trade deficit and fretful that a big increase in the money sup ply in recent weeks might prompt the Federal Reserve Board to tighten credit and thus...
...realization that common stocks are no longer a safe hedge against inflation. Robert Salomon Jr., of Salomon Brothers, the New York investment banking house, has measured the compound growth of nine assorted investments from 1968 to June 1977, a period in which the consumer price index increased at an annual rate of 6.2%. His findings...
Armed with search warrants, dozens of FBI agents used chain saws, sledgehammers and bolt cutters to break into three Scientology offices. They wore rubber gloves to avoid new fingerprints. The raids lasted up to 23 hours, and at the end the FBI needed 550 pages to index some 20,000 documents they had seized in the process. The captured material included files on "bugging devices," a "locksmith course," material on "the correct use of codes" and a folder marked "CIA agents' directory...
...that nothing very drastic was happening. A Soviet diplomat in Europe asked an American journalist last week, "Is your President getting nervous?" The answer, simply, was no. Said one of Carter's close advisers: "He's trying to avoid being too concerned about whether the detente index is up point four or down point...