Word: indexes
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Dates: during 1970-1979
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...valid are the new jitters? Certainly, recent statistics have not been cheering. Led by climbing food and fuel costs, the January Consumer Price Index rose at an annual rate of 10%, the biggest monthly jump in a year and a half. No one expects that hectic pace to continue through the spring, but energy costs are certain to go on rising this year. Moreover, prices of a number of commodities-cocoa, cotton and most notably coffee-are climbing...
...Board of Economists, estimates that the basic inflation rate remains at about 5½%, and "you add or subtract, subject to how hard you stimulate the economy and how lucky you are about weather and fluctuations in world oil prices." Eckstein forecasts a 6.4% rise in the Consumer Price Index this year-worse than the 5.8% of 1976 but a long way from double digits. Adds John Bunting, chairman of Philadelphia's First Pennsylvania Bank: "The more conservative people are rekindling fears of inflation because they think that it is the only way to stop Congress from spending more...
...coldest month in 177 years in the eastern two-thirds of the nation. Exports fell almost $1.7 billion below imports, the worst one-month trade deficit ever: shippers could not get export goods out through frozen ports, and more oil had to be imported to keep homes warm. The index of leading indicators-those figures that usually foretell the course of the economy-dropped 1.2%, and factory orders fell 2.1%. The figures, says one Government analyst, "reflect rock bottom, and things should be improving fast from here." Specifically, some economists expect the March unemployment rate to drop back...
...Ecology. Every living species is adapted to a given range of habitats. The set of bacterial strains called E. coli thrive only in the vertebrate gut, and because these cells die out rather quickly in water the E. coli count of a pond or a well is a reliable index of its continuing fecal contamination. In the gut there is intense Darwinian competition between strains, depending on such variables as growth rate, growth requirements, ability to scavenge traces of food, adherence to the gut linings and resistance to antimicrobial factors in the host. Hence most novel strains are quickly extinguished...
...Price Stability and other economic controllers should consult more closely with the Government's own Bureau of Labor Statistics, for as you correctly pointed out, the steel-price increases that receive so much blame for inflation actually have only a very small impact on the Wholesale Price Index...