Word: peake
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Dates: during 1970-1979
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...G.N.P. this year will run 15% below what it could be if the economy used its resources of plant, materials and manpower to full potential. The gap between actual and potential output, he calculates, will shrink only to 13% next year, and even to 11% by 1977. At its peak, in the third quarter of 1973, production was running at less than 2% below capacity...
...worst consequence: the jobless rate, now 8.9% of the work force, will go on rising for a few more months and will come down slowly after that. Most board members expect a peak of about 9.5%. Robert Nathan guesses that it could hit 10%-and predicts that the unemployment rate will not go below 8% any time next year. Other board members are slightly more optimistic; Otto Eckstein forecasts a jobless rate of 7.7% by the end of 1976. Even that would mean that after a year and a half of recovery, the unemployment rate would be as severe...
...prices for such staples as copper, rubber, cocoa, coffee, platinum and cotton rose sharply; some had doubled or tripled by mid-1974. But after the oil crisis helped push the West into recession, commodities prices tumbled, in some cases to a third of what they had been at the peak. Copper, for example, rose nearly 300% in 17 months, peaking at $1.40 per Ib. a year ago; this month the price fell as low as 560. The roller-coaster performance took its toll on producers and consumers alike. The price upswing aggravated inflation in industrialized countries. The downturn sent shock...
...loose from each other and race off in different directions. The result is unfathomable. The density of discord is not in itself expresssve and only masks the individual efforts of each musician. In 'Improvisation' however, Brown opens alone, unaccompanied and gradually builds on a simple theme until at a peak of intensity, drums and bass enter flying. Brown rides on top, climbing all over the tonal scale in his musical fury. Then as suddenly as they began, Altena and Bennik stop. The dichotomy of solo and ensemble work emphasizes the aura of loneliness which Brown evokes in his solo passages...
...career was at its peak. Yet, reversing the ambition of those opera singers who long to perform in nightclubs, Flack yearned for her classical roots. "One of the hassles of being a black female musician," she says, "is that people are always backing you into a corner and telling you to sing soul. I'm a serious artist. I feel a kinship with people like Arthur Rubinstein and Glenn Gould. If I can't play Bartok when I want to play...