Word: peakes
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Dates: during 1950-1959
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Fortnight ago, Topper Reynolds and Stephen Wasserman packed their climbing gear and headed up 14,496-ft. Mt. Whitney, highest peak in the U.S. About 10,000 feet up, they abandoned the easy trail to the top and decided to scale Whitney's sheer, slippery 1,400-ft. east face, a cliff which had been scaled only once. They did not return...
...ahead" than ever before. The world's mightiest economy was producing goods and services at the prodigious rate of $267 billion a year-an alltime high and (measured in a new term called "constant dollars," i.e., 1949 dollars) some $107 billion higher than 1939. Employment was at a peak of 61.5 million. Productivity of U.S. labor had risen nearly 32% since 1939. In short, the arguments the President made to justify his tax load actually justified a bigger...
...every other U.S. community, New York City fell behind in school construction during the war, now has to catch up at a time when wartime births have rocketed school enrollments. Last week the New York City Board of Education had figured out what it would need to house the peak number of 1,050,000 pupils it expects between now and 1956: 165 new elementary and junior high schools, 31 senior high schools, 103 additions to existing buildings. Estimated cost of catching...
Credit Crimp. Even without conversion, tightening steel supplies had already cut the U.S. auto industry down from its peak production (last week it turned out 181,156 units v. 184,791 the week before). This came in the face of the biggest rush for cars in five years; used-car dealers were once again displaying new "used" autos at $500 and more above list prices. "Scare buying" of all consumer goods kept spreading; U.S. department-store sales jumped 21% in a week. In New Bedford, Mass., a telephone operator who caught the fever drew out her savings...
...industry had underestimated the growth of the U.S. economy and the resurgence of the business boom. By last week, demand for oil had soared until the industry was producing at a rate of about 5,450,000 barrels a day, almost as much as the alltime peak in November 1948. Consumption of gas for automobiles was up 10% over last summer; oil burners were being installed at a rate 45% above last July. Last week Texas' State Railroad Commission upped the daily allowable rate of crude production to 2.5 million barrels, an increase of some 700,000 barrels over...