Word: peake
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Dates: during 1970-1979
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Twelve years ago, the club quietly canceled its traditional dinner in honor of the Metropolitan Opera company, whose visits have been the peak of the city's social season since 1910. The club explained that its ballroom was being refurbished, but Atlantans figured the real reason was that Leontyne Price, a black soprano, was to sing Donna Anna in Mozart's Don Giovanni. Met Director Rudolph Bing let it be known that if Price was not invited to the Piedmont dinner, no member of the company would attend...
...insurance as well as auto policies-and some mortgage lenders are demanding that householders switch to richer insurers as their GEICO policies expire. Counting the policies already taken over by other insurers, says Byrne, "well probably lose 1 million" of the 3 million policyholders that GEICO had at its peak. But, he adds, "the arterial bleeding at least has stopped. We're sound again." GEICO remaining policyholders, and the people who have claims against them, can breathe a bit easier; what would have been the insurance industry's most colossal failure ever has been averted-barely...
...points, to 1009, from Jan. 1 to March 24. But for the next six months the market moved listlessly sideways. Tantalizingly, the Dow pierced the 1000 mark no fewer than eleven times during the year, only to fall back every time. On Sept. 21, the index reached 1014, its peak for the year, but then it fell into a slump that knocked 90 points off the average and for a while turned Wall Street into a boulevard of dented dreams...
Bernard also said that the longer the group used the system, the less lucrative it became. After returns reached a peak profit point last month, the laws of probability took over and profits fell...
...made by major New York banks fell 21%, the largest and longest-lasting drop since the 1930s. The Government estimates that real capital spending -business outlays for new plant and equipment, discounted for inflation -this year will be only 2.5% higher than in 1975 and almost 10% below the peak...