Word: peakes
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Dates: during 1960-1969
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Clash at the Council. World hopes for Vatican II reached their peak right after Pope John announced that he would summon a council whose aims were the renewal of the church and the union of Christianity. Expectations, in Protestant and Orthodox circles, dropped notably after it was made clear that
Down from the Peak. Cross and Abernethy will have far knottier problems to sleep on. One reason why AMC was able to bounce back from a perilous 2% of the market to its present 7% was that it had adequate production facilities. But to achieve its goal of producing 700,000 cars in 1964, AMC must expand its plants, which are already uneconomic for even the 485,000 cars it is producing this year. AMC may be handicapped by its dependence on outside suppliers for many components, since it is thus less able to control costs than its rivals...
...other problems. While the rest of the industry is enjoying near record earnings, AMC's profits have dipped from a 1959 peak of $60 million, nearly 7% of its sales, to an estimated 3.5% return for the business year ended this week. AMC is the only U.S. automaker so far this year to raise prices on a significant number of new models; its Classics and Ambassadors will be tagged $30 to $40 higher...
...technological progress has outstripped the growth of the economy and has made ineffective the classical" techniques for dampening the fluctuations of the business cycle. "Now in 1962, despite a 25 per cent increase in military expenditure, the number of unemployed again exceeds the number unemployed at the last recovery peak...
...Montgomery Ward's in Kansas City, and the picture was much the same in other department stores around the country. Consumer installment credit, up $2 billion for the year, swelled to a record total of $45 billion in July and helped lift retail sales to a new peak of $19.7 billion...