Word: peak
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Dates: during 1980-1989
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...Saturday, Dec. 6, the national uproar over the Iran-contra affair was at a peak. In his weekly radio address that afternoon, Ronald Reagan made yet another attempt to quell the roiling scandal, assuring listeners that "it was not my intent to do business with Khomeini, to trade weapons for hostages." The secret efforts to forge ties with "moderates" in Iran had been "broken off," the President stated...
...Overbooking is a product of fare wars; because airlines are collecting less per seat, they want to ensure a full load to make a profit. The practice of overbooking crops up in other businesses when managers want to make the most of a prime-time rush of customers. At peak times popular hotels and restaurants sometimes bump customers who show up even modestly late for their reservations...
...called Plaza Accord on exchange rates was hammered out between Treasury Secretary James Baker, architect of the agreement, and the finance ministers of Japan, West Germany, France and Britain. It provided for a gradual and orderly decline in the value of the dollar, which had reached a peak in February 1985. Before last week, the dollar had dropped 28.7% against other major currencies...
...mysterious arcs, each four to seven times as long as the diameter of the Milky Way, curve around clusters of galaxies that lie some 3 billion light- years* from earth. Astronomers Vahe Petrosian of Stanford University and Roger Lynds of Arizona's Kitt Peak National Observatory, who discovered the arcs, believe each consists of some 100 billion stars but cannot explain the shape. "What gives us a headache," says Petrosian, "is that they are so, so perfect...
Other sages of the investment community agree. One of Wall Street's hottest gurus, Georgia-based Robert Prechter, has used an arcane branch of analysis known as Elliott Wave Theory to predict that the Dow is on a march that will peak at 3600 by 1988. In December 1985, Yale Hirsch, editor of the newsletter Smart Money, forecast the date of the Dow's 2000 day within roughly a week. Now Hirsch predicts that the index may climb to 2300 within three months and reach 2700 later this year...