Word: peakes
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Dates: during 1950-1959
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...racing, like drugstores, drive-ins, funerals and mysticism, had reached a peak of development in Los Angeles that was unequaled anywhere else. In fact, Los Angeles cops, in their standard patrol cars, had lost all hope of catching up with the young hot rodders who steamed happily at 90 m.p.h. or better across open fields and along express boulevards. Last week the cops put into service four souped-up 1950 Fords decked out in the standard black & white police paint job, but fitted with souped-up 110-h.p. hot-rod engines. "It gives these smart alecks a shock when...
...those who pointed at the swift rise in bank loans as evidence of galloping inflation also overlooked some important facts. Loans had climbed $1.9 billion in 14 weeks to $15.3 billion, but industry had needed big money to step up production. Business loans were still below 1948'$ peak of $15.6 billion, while production had long since passed the 1948 high mark (see chart). Thus loans were considerably lower in relation to the economy's actual output...
...same way, the surge of scare buying by civilians in the first post-Korea rush had caught the eye of Congress and helped bring on consumer credit controls. By last week, sales had slumped until they were barely above the previous postwar peak in 1948. Moreover, many a family which had decided in July to buy a new car or get the house painted-and hadn't yet done so-was now giving the matter second thought...
Nobody could say with certainty how much more inflation is ahead for the U.S. when the big new arms program begins to cut into the civilian economy in the next six months. The economy, which had been close to its postwar peak when the Korean war began, was showing an amazing ability to keep right on growing and handling the new burdens. Last week the industrial index hit an estimated 212, an 8% increase in output in the last three months. Since production is the only real preventive of inflation, it looked as if those who were calling...
...commitments for the future." The American Iron & Steel Institute, he explained, had drawn up the figures based on the expansion programs of 20 big companies. Sawyer, who thinks that the best way to carry the rearmament burden is to expand production rather than cut civilian consumption, summed up: "The peak of military requirements and consumption during World War II was in 1943 when 53 million ingot tons of steel were required. By the end of 1952 our steel capacity will be more than double that figure...