Word: indexes
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Dates: during 1980-1989
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...correspondents cannot say, 'I do not know what this development means.' They should learn that they do not have to take the conventional interpretation as fact." A related complaint is that TV reporters tend to overemphasize the significance of a single statistic, like one month's index of leading economic indicators, or an unrepresentative situation, like the unemployment rate in Youngstown, Ohio. Perhaps in part out of professional rivalry, print reporters also claim that their TV colleagues rarely break new ground. Says a Wall Street Journal writer: "I do not feel that watching the nightly news...
...Reagan program consisted of four parts, which newsmen quickly dubbed Reaganomics. These consisted of supply-side tax cuts, reductions in federal spending, moves toward deregulation, and a monetarist tight-money policy to curb inflation. Reaganomics did cut inflation sharply, lowering the annual rate of increase in the Consumer Price Index from 12.4% in 1980 to a current level of less than...
...losers in all three markets were oil-drilling and oil-service stocks. The global glut that drove down crude prices also explains the comparatively meek rise in the Amex index: it is loaded with oil stocks. Its best stock last year, SMD Industries, makes picture frames and stationery. The shares rose by 592%, mostly on the strength of SMD's rights to make school supplies and stationery bearing the likenesses of two of the year's heroes...
Investments in tangible items were far less rewarding than bets in the financial markets. Real estate prices failed to keep pace with the Consumer Price Index, which was only 4.6% higher in November than a year earlier. The median price of a single-family house went up less than 4%, from $65,900 to $68,200. An acre of Iowa farmland, reflecting the slump in agriculture, dropped from $2,147 to $1,801. Explained Robert Jolly, an Iowa State University assistant professor of economics: "The major buyers out there are other farmers." And many of them had trouble holding...
...Volcker. It was he who fought unflinchingly to bring down the U.S. consumer price spiral, but in the process he helped drive interest rates and unemployment up throughout the industrialized societies. In the U.S., his policies surprised skeptics by limiting the rise in the nation's consumer price index to roughly 5% in 1982, but his policies also helped push unemployment stunningly into double digits. By year's end joblessness was closing in on 11% of the nation's labor force, or 12 million individuals, a level that would have seemed almost unthinkable last January...