Word: peak
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...least 18 people were known to have died in the eruption; at least 71 were reported missing and feared dead. Among them was Harry Truman, a crusty 84-year-old who lived with 16 cats at a recreation lodge near Spirit Lake, about five miles north of the peak. He had refused to leave weeks ago, he had told national television audiences, because, he said, "no one knows more about this mountain than Harry, and it don't dare blow...
While the economy continues its steep decline, most economists still do not foresee dramatic runups of unemployment as in 1974. The consensus is for a recessionary unemployment peak of about 8% by year's end. Leif Olsen, chief economist of New York's Citibank, says that talk of 12% is a "bit panicky." Says AFL-CIO President Lane Kirkland: "Unemployment is going to be in excess of 8% by the end of the year under present circumstances." But Economist Michael Wachter of the University of Pennsylvania, among the most pessimistic on jobs, sees the rate reaching a high...
...three weeks later, the falseness of that proposition was driven home: Harvard did a nose dive in the Nationals. At its peak, Harvard could up end a national power that was saving something for those Nationals; but that Championship meet showed that, Harvard University, is still a long way from athletic superstardom on a large-scale level...
...House budget assumes that the U.S. unemployment rate will peak at 7.5% by late 1980; other experts believe that the rate will actually climb as high as 8.5% next year. Economists estimate that a miscalculation of one percentage point in the unemployment rate would throw off the House budget figures by more than $25 billion-a loss of $20 billion in revenues and an automatic increase of $5 bil lion to $7 billion in unemployment bene fits. Conceded New York Republican Congressman Barber Conable, a member of the Budget Committee: "There is a substantial aura of make-believe about...
...First Penn led all banks with a healthy 16.4% return on equity. But the 1974-75 recession caught the bank overextended. Then, between 1976 and 1979, Bunting sank about 20% of the bank's assets into long-term Government securities in the expectation that interest rates would soon peak. By this year the bank was borrowing money at 15% interest while its Government securities were yielding less than...