Word: peak
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Dates: during 1990-1999
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...first post-Woody work in Widows' Peak is wildly praised...
...works did well: one of David Smith's Cubi from 1963, a series long acknowledged as being among the peak efforts of America's finest modern sculptor, fetched $4 million; and an extraordinarily fine Arshile Gorky, Dark Green Painting, 1948, made its low estimate of $3.5 million. But you could hardly call a classic of Abstract Expressionism a contemporary picture...
...slowing from the unsustainable 7% annual rate the economy hit at the end of 1993, but output of goods and services this year is widely expected to rise at least 3%. That is considered a sustainable rate that can continue to reduce unemployment -- which has fallen from a peak of 7.7% to 6.5%-without reigniting inflation. The most important dissent comes from the Federal Reserve Board, whose governors appear to think the economy right at the moment is growing a bit too fast. If the Fed does raise interest rates again soon, it will be to keep easy credit from...
...complaints begin with the chaos that has sent global stock and bond prices reeling in recent weeks, knocking nearly 10% off the Dow Jones industrial average since its peak on Jan. 31 and placing the future of Wall Street's three-year-old bull run in serious doubt. But beneath the immediate outcry lies a more fundamental criticism of the way Greenspan has tried to keep his balance between several constituencies. According to this line of attack, Greenspan, who fiercely resisted White House pressure for lower interest rates during the Bush Administration, has sought to make an ally of Clinton...
Wall Street's heart-stopping tumble (the Dow is down more than 340 points from its Jan. 31 peak) came to a shuddering stop on the eve of Good Friday. President Clinton expressed confidence in the nation's economy and urged investors not to "overreact...