Word: peakes
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Dates: during 1950-1959
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Traffic rolls in constant cacophony through gullylike streets between stolid Victorian houses of commerce. In the great harbor, junks with patched sails pick their way among British and U.S. warships, freighters and tankers of a score or more of flags. From the Peak, the British name for the range of hills on Hong Kong Island, houses of the rich and the merely prosperous give grace to a prospect that leads many a world traveler to argue that Hong Kong surpasses Istanbul, Rio de Janeiro, or San Francisco as the world's most beautiful seaport. Beneath the Peak stand perhaps...
...predicted that it will climb to a peak for the year on Tuesday night, as 900 dilligent students trek to the library on the last day before exams...
...gross national product averaged $387 billion, a good 6% higher than 1953's alltime peak. Industrial production was some 10% better than last year and 3% better than the 1953 high. The hard work was well rewarded: corporate profits were a record $44 billion before taxes and $22 billion after taxes; dividends of $10.9 billion were $1 billion more than 1954; average weekly wages of $76 were at a new high...
...spend ($303 billion) and spent more of it ($250 billion) than ever before. Savings tumbled to the lowest in five years ($16 billion) as confident consumers denied themselves nothing. In 1955 they bought: ¶1,330,000 new homes, only 66,000 short of igso's alltime peak. ¶7,250,000 new cars, 950,000 new trucks and buses, 10% better than igso's record. ¶1,400,000 new air conditioners, 200,000 more than record 1954. ¶7,600,000 new TV sets, 200,000 better than record...
...mass migration to the cities has cut the farm population, and per capita farm income has dropped only about 9% from the 1953 peak. Big farmers with enough land and machines to cut costs are hold ing up, while the small, often inefficient farmer is being squeezed...