Word: peak
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...market strategist at Purcell, Graham, a New York City investment house: "Wall Street is saying this do-nothing attitude about the deficit can't go on. Investors have lost confidence in the Administration's ability to deal with its fiscal affairs." Since the Dow hit a peak of 1286.64 in early January, the market has tumbled 10% from its high; investors in the more than 5,000 stocks that make up the Wilshire Associates' equity index have become $158 billion poorer...
...usual, the awful sounds of battle shrieked through Beirut last week, but this time the fighting reached its bloodiest peak since last summer. Day and night, the clatter of machine-gun fire and the thump of shells could be heard not just in the city but throughout a 30-mile crescent stretching from Jounieh in the north to the mountain district of Kharroub. In the suburbs of Beirut, the Lebanese Army clashed with Shi'ite militiamen. In the hills east of the city, government soldiers fought forces loyal to Druze Leader Walid Jumblatt. At the southern...
...often poorly supervised. The result of this laxness is work that can best be described as shoddy. Some of the earthquake supports for California's Diablo Canyon plant were installed backward, as was the reactor vessel at the San Onofre plant near San Diego. Reactor supports at Comanche Peak in Texas were installed 45° out of position. Pipes inside and outside the reactor building at Shoreham on Long Island, N.Y., failed to meet properly and had to be connected with elbow joints. One reason the nuclear industry has been so prone to glitches is that it plunged into building atomic...
...peak year of 1978, 900,000 vans were sold. But rising gasoline prices and the recession eroded the demand for these customized, fantasies-on-wheels wagons. By 1981, sales of vans had dropped to 342,000. Early customer surveys indicate that a whole new class of car buyers is now dis covering vans. Most are former owners of sedans or station wagons, and only 3% previously had vans. Says Maryann Kel ler, a portfolio manager and auto-industry analyst with Vilas-Fischer Associates in New York City: "This is a whole new concept to foist on suburbia...
Lynn Williams, acting president of the United Steelworkers, chided U.S. Steel for using money to buy up-to-date facilities instead of improving its own. The union is worried that the merger will further erode its membership, now down to 250,000 from a postwar peak...