Word: one-month
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...September price spurt might be a misleading one-month wiggle-as the Administration claims it is. There are disquieting portents, however, that the index in October will be no better, and perhaps worse. The full impact of increases on new cars will be reflected in the October index, and fuel oil prices are also expected to boost the figures...
Such figures are often one-month flukes, but August was the third straight month of ebb. The annual rate of consumer-price inflation declined to 3.6% in both June and July, after having averaged 6% earlier in 1970. Many economists believe that, in the long run, keeping price increases to 3% yearly is about the best that the U.S. can hope to do. On that basis, if future retail-price advances could be held to about the August rate, the Nixon Administration could proclaim that inflation was whipped...
Peter Bohmer, an instructor in Soc Sci 125, and Geoarge Katsiaficas were convicted in district court last month of disrupting the activities of a university after they entered two M. I. T. classrooms. Each received two one-month sentences, to be served concurrently...
...economy. Corporate profits dropped sharply in the third quarter, and industrial production fell in October for the third straight month (see chart). Housing starts fell 12% last month to the lowest level in two years, and new orders for durable goods, which had risen sharply in September, settled back again. The price picture is less clear. The consumer price index rose at an annual rate of 4.8% in October, compared with a 6% rate in September, but a one-month variation of that size is not enough to signal any turn. Economists find it at best a mildly encouraging sign...
...survey indicates that, with one surprising reservation, the public's favorite source of daily news is television. When asked to imagine having "only one source of news," nearly half of the Harris respondents opt for TV, as against the one-third who prefer newspapers. However, when Harris asked, "How upset would you be if your main news source were to become unavailable for a month?", the result was reversed: 44% said they would be "very upset" to lose their newspaper but only a third would be very upset over a one-month loss of their favorite television news broadcast...