Word: indexes
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Dates: during 1990-1999
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...professor is under fire for claiming minority students lack the ability to compete with whites (TIME Daily) ... A Marine fighter jet crashes off North Carolina (Reuters), as the U.S. grounds its fleet of stealth fighters after an air-show crash at the weekend (Reuters) ... August's Consumer Price Index was moderately good news on inflation, but analysts fear an interest rate hike may be ahead (Money Daily) ... NetChannel and Microsoft's WebTV Plus are gearing up for the battle of the browsers-on-the box (Netly News) ... and finally, now that Redux and Fen-phen have been recalled, which diet...
After the Dow posted a record 257-point gain yesterday, investors in Southeast Asian markets pushed ahead. Hong Kong's Hang Seng index had it's biggest point gain ever, soaring 978.66 points to close up 7.13 percent at 14713.99. Markets from Australia to Taiwan also recorded strong gains...
...also get cheap food. But the real reason is that everyone who gets a government benefit comes to regard it as a sacred right that must never be taken away. Or reduced. Or even increased less rapidly. Witness the screaming after a panel of economists suggested the consumer price index overstates inflation. Why? Adjusting the index would lead to smaller future increases in benefits (including Social Security) tied to the CPI. Monstrous! To the barricades...
...mainland realized that Hong Kong's only asset was represented by the manufacturing potential of its people. Shortly, as bigger factories opened and a diversified economy began to thrive, the real estate business--which to this day constitutes a third of the total valuation on the Hang Seng Stock Index--became the most profitable economic sector. Decades later, the enactment of the Open Door policy in China determined the rise of Hong Kong as a world-class financial center, attracting more than 300 foreign banks in less than a decade. The rest is the success story we are familiar with...
...Coke discloses that a pair of garage scientists has duplicated its famous syrup and is selling the formula worldwide. Warren Buffett, proclaiming that the company is without intrinsic value, dumps his stake. Coke shares rise anyway as the company, one of the biggest in the major-stock indexes, benefits from the mindless buying of stock-index funds. The Dow is up 400 points...