Word: peake
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Dates: during 1980-1989
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...climb. As Poland smoldered, the Middle East flared and the French voted in a Socialist government, jittery money traders and investors looked to the U.S. as a bastion of political stability. The dollar in recent weeks has reached a four-year high against the pound, a five-year peak against the mark and postwar records against the French franc and Italian lira...
Last week, as the FAA continued to cut prestrike flights in half during peak hours at 22 major airports and limited flights nationally to about 75% of normal, even the fewer airliners flying were not full. In what is normally the heaviest travel month, millions of potential passengers were staying on the ground, apparently worried about unsafe skies, or shying away from the uncertain schedules. The airlines reported losses of nearly $30 million...
...housing. With interest rates high and banks short of money to lend, the owner often has to offer the buyer a mortgage, if he hopes to sell. That has helped the turnover of older houses. Nonetheless, this part of the market is still 35% lower than its November 1978 peak of 4 million on an annual basis...
...whom make it to the majors-the owners went on a free-agent binge. Over four years, beginning in 1976, average player salaries rose from $52,300 to $143,756. Now even middling free agents command $300,000 a year. The owners' frenzied bidding hit a peak last year when the Yankees signed Dave Winfield, a .279 career hitter for the San Diego Padres, for a cool $23 million over ten years. The lords of baseball obviously needed something to protect them from themselves. They demanded that a team be able to protect just...
Passion of this intensity translates to steady sales for the ice-cream industry ($1.6 billion in 1979) when sales of all kinds of desserts have dropped off by 40% over the past decade and a half. Ice-cream sales in the U.S. hit a peak in 1975 and since then have declined slightly (from 15.69 qt. per capita last year to 14.62 qt.), but sales of the most expensive and best-tasting brands have been increasing by about 17% a year and now command 11% of the market. Americans produced 829,798,000 gal. of ice cream in all grades...