Word: peak
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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...
...annually. Celebrating its 75th anniversary this year, the company, founded to market a superior hunting boot, has become a $362 million business that sells its merchandise 24 hours a day by telephone and employs 1,850 workers full time, with an additional 1,800 on , duty during the peak fall-to-Christmas season...
Mail order forms the bulk of Bean's business: last year $308 million of the company's sales came from catalog orders. The firm's reputation for homey efficiency comes from its ability to deliver virtually any item almost anywhere in the U.S. and Canada within 72 hours. During peak season, more than 28,000 telephone orders a day flood the Bean switchboards. Computers help keep track of the models, colors and sizes that are in stock at any given moment, and orders are filled accurately 99.8% of the time. The company provides repairs as well as sales. Each year...
...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...