Word: peake
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Dates: during 1970-1979
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TIME'S economists figure that the peak is past and recession is ahead
...philosophical views, call for a mild recession to begin in the summer. It is even possible that a recession has already begun. More likely, notes Beryl Sprinkel, executive vice president of Chicago's Harris Bank, "the economy is slowing in a pattern that is typical of a prerecession peak...
...Unemployment will climb from 5.8% now to a peak of 7.3%, or perhaps higher, by the second quarter...
Karl Deutsch is now at the peak of his career. His spacious second floor office in Littauer Center is lined with books about subjects he pioneered, and boxes and file cabinets store his countless articles and essays. His secretary handles his correspondence, including innumerable invitations to participate in professional conferences. There are more requests for his time than he can handle in a working day, and yet he always tries to find time for everybody. He is currently completing a three-year term as president of the International Political Science Association, and he is a past president of the American...
...years, the German thirst for lager is receding. Last year the average amount consumed by each of the nation's 61 million men, women and children was "only" 38 gallons. While that would be an astonishing level in most other countries,* it was actually off from the 1976 peak of 40 gallons. Even more upsetting, coffee has replaced beer as the country's No. 1 beverage...