Word: peake
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...case of households, debt rose from about 50% of GDP in 1980 to a peak of 100% in 2006. In other words, households now owe as much as the entire U.S. economy can produce in a year. Much of the increase in debt was used to invest in real estate. The result was a bubble; at its peak, average U.S. house prices were rising at 20% a year. Then - as bubbles always do - it burst. The S&P Case-Shiller index of house prices in 20 cities has been falling since February 2007. And the decline is accelerating. In June...
...fact the market had been slipping since early September. On "Black Monday" (Oct. 28), it plunged 13%, the next day a further 12%. Over the next three years, the U.S. stock market declined a staggering 89%, reaching its nadir in July 1932. The index did not regain its 1929 peak until...
...have not been kind to the city. A cancerous corruption scandal, uncovered by the overlords in Beijing, claimed Shanghai's Communist Party boss and a chunk of the city's ruling élite. Shanghai's benchmark stock index has lost roughly two-thirds of its value since hitting its peak last October. Even the Japanese developer of the Shanghai World Financial Center admits that a real estate slide has affected tenancy, with just 45% of the tower currently occupied. The hosting of the Olympics by Shanghai's northern rival added insult to injury, even if local papers hastened to note...
Beer School is in now session. The Cambridge Queen’s Head Pub kicked off its first evening of food and drink yesterday with guest speaker Jonathan A. Cadoux, the founder of Peak Organic Brewing Company. Just after 5 p.m. a crowd of mostly undergraduates gathered at the pub to hear Cadoux speak about his brewery and to taste four of its signature beers. Bread, cheese, nuts and fruit were paired to each beer’s distinct flavor. Last night’s monthly beer school continued the pub’s popular series begun last year that...
...examined abortion rates in the U.S. from 1974 - the year after Roe v. Wade deemed abortion a "fundamental right" - through 2004. The total number of abortions has dropped over the last two decades, from nearly 1.6 million in 1984 to 1.2 million in 2004. The abortion rate hit its peak in 1980 at 29 abortions per 1,000 women ages 15 to 44; in 2004, that number had dropped to 20 per 1,000 women...