Word: indexes
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Dates: during 1980-1989
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...best received by the delegates on opening night?came from Gerald Ford, who accused Carter of having "sold America short" and of having "given up on the presidency." Ford clearly relished getting even with Carter for having attacked Ford in 1976 because of what Carter dubbed the "misery index"?the sum of the inflation and unemployment rates. It was then 12%. Said Ford: "Just two months ago, it was 24%?twice as high. That's twice as many reasons that Jimmy Carter has got to go." Continued Ford: "You've all heard Carter's alibis: inflation cannot...
...level remained high at 7.7%, and, perhaps most disturbing, the total number of working Americans went down by 450,000 for the month. Administration officials admitted that the recession was still spreading throughout the economy. New factory orders tumbled 2.6% in May, their fourth straight month of decline. The index of leading economic indicators, a barometer of future business trends, fell another 2.4% in May. But the decline was not as steep as April's appalling 4.1%, hinting that the economy's free fall of the past several months may be slowing...
Mary Poppins, made in the early '60s, provides a good index for figuring changes, cinematic and societal...
DIED. Arthur C. Nielsen, 83, founder and longtime chairman of the A.C. Nielsen Co., the Illinois-based market research firm (1979 revenues: $398 million); of pneumonia; in Chicago. Though the company's largest operation is its retail index, which charts purchases of grocery and drugstore products for corporate clients, it is most widely known as the source of the TV audience ratings that make or break shows and network executives alike. The system remains virtually unchanged since Nielsen introduced it in 1950: the TV tastes of the nation are distilled from a scientifically selected and highly secret sample...
...harbingers of serious recession are ominous. Last week the Labor Department announced that real hourly compensation dropped 5.6% during the first quarter. The buying power of the American worker is now lower than at any time since 1972. The Commerce Department's Index of Leading Economic Indicators declined 4.8% in April, the largest monthly drop in the 32 years that the figures have been kept. Unemployment claims in mid-May rose more sharply than during any week since 1967. Productivity fell for the fifth consecutive quarter from January through March, the second longest downturn on record...