Word: peakes
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Dates: during 1950-1959
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...pace is continuing. While the first quarter's gross national product topped the old record for the period (1953's $362 billion), the increasing tide of U.S. business in the last few weeks has pushed the annual rate very close to the alltime peak of $372 billion, set during the second quarter...
...February, personal income broke all records as it reached an annual rate of $292,400,000,000 compared to the old peak of $286,800,000,000, set in the third quarter...
...midst of the growing economic boom stands a lonely exception: the U.S. farmer. Farm income has been declining since the peak of February 1951; it dropped nearly 20% in the past four years, 10% in 1954 alone. Farm operating costs, however, remain at near-peak levels. At mid-March farm parity (the ratio between the prices that the farmer receives and those he pays out) dipped to 86, the lowest point since 1940 and 14% below the theoretical "fair" level...
Captain Alex Haegler, currently number three in singles, and Brooks Harries, number two, displayed good teamwork playing first doubles. An injury last year kept Haegler from reaching his peak, but he is, Barnaby said, "potentially as good as anybody." He employs an exceptionally fine forehand. Harris, who also played number two last year, hits a powerful serve and forehand, and his backhand, which was somewhat weak last year, has improved considerably...
...years. Furthermore, as the credit load has gone up, U.S. consumers have started to pay off their debts faster. They are now repaying installment loans at a record 11.5% of disposable income v. 9% a few years ago. Farm mortgages, for example, have soared to a 22-year peak of $8 billion; yet farmers are paying them off so fast that the debt is only 9% of the total $90 billion land value v. 25% in 1933. The picture is much the same in home mortgages, installment buying and personal loans...