Word: peakes
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Dates: during 1950-1959
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Slichter bases his forecast partly on the belief that government defense spending will not reach its peak until the 1954 Congressional elections...
...present good business conditions will continue right up until 1954, the Business School economist feels. The reason for this is the fact that government defense spending will not reach its peak until "after the Congressional elections...
...thought that Washington had already confused them as much as possible, discovered last week that confusion can be compounded. As he was sworn in as the newest member of the President's Council of Economic Advisers, ex-Economics Professor Robert C. Turner, 44, told newsmen that the peak in defense spending-which everyone thought was almost a year away-has virtually been reached. Added Turner: "It will be a difficult and delicate job to maintain present prosperity...
...budget, was quickly contradicted, not only by Presidential Assistant John Steelman and Boss Mobilizer Henry H. Fowler, but finally by his red-faced self. Steelman and Fowler stated-and Turner agreed-that the current $12½-billion-per-quarter rate of military expenditures will reach a peak of some $14 billion in mid-1953, then level out for two years...
...Sack does something else too. Perhaps better than any other book this reviewer has read, The Butcher explains why people climb mountains. Most books chalk up a man's desire to scramble gasping up a peak to those glorious ten seconds on top, when he wipes the ice out of his eyes and gazes out several foggy feet into the swirling clouds. Sack makes much more sense. "Mountaineers enjoy the very process of climbing . . . they like climbing in itself." "There are some men," says Sack, "who believe that the means can be its own justification...