Word: ratings
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Dates: during 1970-1979
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Volcker, nominated by President Carter on Wednesday, is known as a believer in "sound money," and as a fiscal conservative who would probably accept temporary increases in the numbers of unemployed if he could decrease the rate of inflation, Warren Law, Converse Professor of Finance and Banking, said yesterday...
Martin Feldstein, professor of Economics, echoing the majority view, called the nomination a "first-rate appointment...
...twelve months through May, the median price of new one-family houses jumped 13% to $62,900, and the National Association of Realtors expects roughly the same size rise this year. Prices of old houses are moving up just as rapidly. The average mortgage rate for a new home has jumped from 9.1% in January 1978 to 10.7% last month and is rising faster than at any time since...
Rents are soaring largely because apartments are growing scarce. In desirable areas of such cities as New York and Los Angeles, the vacancy rate is under 1%, and landlords are using the shortage to vet prospective tenants and refuse those with modest incomes. Finding an apartment requires tramping the streets and often bribing doormen. Reports Norman Kailo, president of the New Jersey Association of Realtors: "Young marrieds are beginning to double up, and there are a lot of illegal conversions of one-family units into two-family...
Though the Kremlin is energetic about publishing statistics on many aspects of Soviet life, one vital area remains terra incognita. The Communist leadership regards sex as virtually nonexistent, except to raise the birth rate; whatever figures exist are guarded as closely as the real statistics on defense spending. Stern, who left the U.S.S.R. in 1977, has now lifted that curtain slightly. In a book published in France, La vie sexuelle en U.R.S.S. (Sex in the Soviet Union), which is to be brought out in the U.S. next spring by Times Books, he offers the most comprehensive description yet of sexual...