Word: peake
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Dates: during 1980-1989
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That future, in the eyes of Hong Kong's 5.5 million nervous residents, has never seemed more in need of clarification. From the luxurious mountaintop mansions of "the peak" to the factory floors of Kowloon, from the shimmering office towers of the business district to the wretched squatter camps near Aberdeen, the consuming topic of conversation nowadays is what exactly will happen to Hong Kong before July 1, 1997. That is the date when more than 90% of Hong Kong's land area, the 373-sq.-mi. New Territories, will revert to China under the terms...
...Harvard, where political ambition runs rampant, the response to these early pleas has been enthusiastic. Leaflet drops and telephone campaigns are well underway. Democratic Club Vice President David Thottungal '84 says interest in party politics has hit a peak after a year of quiet organizing. Even the Republicans at this traditionally liberal college boast a campaign squad of more than 50 and have volunteers in at least three of the most-heated contests...
...mammoth four-pipeline network intended to make Alaska's vast natural gas reserves available to the rest of the U.S. Expected to be completed by the end of the decade, the system will provide the country with enough fuel to heat 4.5 million homes per day at peak capacity. Though the pipeline has been plagued by financing problems and construction start-up delays, it is seen by industry experts as an important complement to the Trans-Alaska Pipeline System, which carries 1.5 million bbl. of crude oil per day from Prudhoe Bay on the Beaufort Sea to the port...
...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...