Word: peake
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Dates: during 1980-1989
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When unemployment recently hit a 41-year peak of 9.8 percent, a researcher at Johns Hopkins University pointed out that when the jobless rate rises 1 percent, state prison populations go up 4.1 percent; 4.3 percent more men and 2.3 percent more women enter mental hospitals, and suicides increase 4.1 percent...
...George B. Kistiakowsky, a retired chemistry professor who helped develop the first atomic bomb, argues that then as now people forced themselves not to think about the horrors of nuclear war, preferring to discuss the threat in theoretical terms. Himself overwrought with concern. Kistiakowsky cancelled his classes at the peak of the crisis...
...Bundy says, but several Harvard professors had access to inside information through official and unofficial sources. Kistiakowsky, for example, remained in contact with members of the Presidential Science Advisory Committee, which he had headed under the Eisenhower Administration. He attributes his decision to cancel classes at the peak of the crisis to the gloomy reports he received: "I just couldn't make myself prepare the lecture, so I went in and said I was not going to lecture," he explains...
Later on Thursday, one of Wall Street's most stubborn bears, Analyst Robert Farrell of Merrill Lynch, suddenly sided with the bulls. He predicted that the rally would last for seven to eight weeks and perhaps take the Dow to 950. Previously, he had forecast a peak in the index of no more than 870 this fall...
...eleven separate electronic systems to relay orders to trading posts, record sales and provide swift and complete information to brokers on how the market is moving. That costly investment paid some blue-chip dividends last week. The record-breaking torrent of trading was handled with ease. Even at the peak of the action on the 138 million-share day, the electronic tapes that list every single trade were a mere 18 minutes behind. It was all a bully good show. ? By Charles Alexander. Reported by Sue Raffety and Frederick Ungeheuer/New York