Word: indexes
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Dates: during 1970-1979
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...Dapper the Joey Gallo of the City Council. Though he has no allies, O'Neil refuses to make deals or cooperate with the Mayor. "White can shove that patronage up his ass," he says bluntly. While Kerrigan and Council President Hicks have carefully built up their patronage machines and index card files, Dapper performs favors without collecting IOU's. When many Councilors spent over $40,000 in their re-election campaigns, Dapper limited his budget to $1800 and hired no employees. The media has an unofficial black-out on his many charges, but he is occasionally seen on television...
...worrisome "pause" in the nation's economic recovery (TIME, Oct. 4) was further documented last week when the Commerce Department announced its Index of Leading Economic Indicators for August. The index dropped for the first time in 18 months, declining 1.5% from July's figure. On Wall Street investors responded to the news by sending the Dow Jones industrial average into an 18.20-point plunge, its biggest one-day slide in more than four months...
...contracts and orders for new plan and equipment (both declined). But Julius Shiskin, commissioner of labor statistics, believes there are technical aberrations in the layoff and work-week statistics and that after recalculation they will be corrected for the better. Other factors taking the sting out of the August index drop: the decline in new orders followed a strong surge in July economists expect capital spending to pick up again in September; the number of building permits issued rose in August, a further sign that the crucial construction business is slowly recovering...
Still, the index seems to show that while the recovery has not been reversed, it surely has slowed. The G.N.P grew by 9.2% in the first quarter, by only 4.5% in the second, and was general expected to sustain its second-quarter growth in the third. Now many economists will be revising their third-quarter predictions downward...
...Because the future for inventory changes was not available in time, only eleven categories were used for the August index...