Word: peak
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...crisis of confidence that has been building for months in international banking has reached a climax at a time when the U.S. economy is bedeviled by uncertainties. On the plus side, the battle against inflation continues to go well. Price rises, which reached a peak annual rate of 17% in early 1980, now seem safely in the 6% range. Said Walter Heller, chief economic adviser to Presidents John Kennedy and Lyndon Johnson: "We have had a real structural improvement in inflation. We have gone through a watershed." The TIME board saw prices increasing at 5.3% annually...
...fuddy-duddy compared with the abstract expressionists, a generation behind him. He was, in that way, a victim of orthodox modernist thinking-which tended^ to suppose that his art had not "evolved" beyond its representational purposes, toward abstraction. In the late 1950s, when Avery was 70 and at the peak of his talent, his prices were about one-tenth of Pollock's. (They still are, but Pollock's now cost millions...
When unemployment recently hit a 41-year peak of 9.8 percent, a researcher at Johns Hopkins University pointed out that when the jobless rate rises 1 percent, state prison populations go up 4.1 percent; 4.3 percent more men and 2.3 percent more women enter mental hospitals, and suicides increase 4.1 percent...
...George B. Kistiakowsky, a retired chemistry professor who helped develop the first atomic bomb, argues that then as now people forced themselves not to think about the horrors of nuclear war, preferring to discuss the threat in theoretical terms. Himself overwrought with concern. Kistiakowsky cancelled his classes at the peak of the crisis...
...Bundy says, but several Harvard professors had access to inside information through official and unofficial sources. Kistiakowsky, for example, remained in contact with members of the Presidential Science Advisory Committee, which he had headed under the Eisenhower Administration. He attributes his decision to cancel classes at the peak of the crisis to the gloomy reports he received: "I just couldn't make myself prepare the lecture, so I went in and said I was not going to lecture," he explains...