Word: peakes
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What was most significant about the imagery in Geneva last week was not that two men were meeting at the summit--that is, at the peak of personal and national power--but that they were, for nearly five hours, meeting off to one side alone. Their apparent personal rapport, or at least civility and restraint, made the meeting a symbolic success. But on the most important issue confronting them, controlling the arsenals of nuclear weapons, there is no assurance that the "fresh start" and "momentum" they spoke about will actually lead anywhere. Not only was there no resolution...
...Arcadia in New York City combine a sense of surprise with the comfortable recollection of the familiar. Rosenzweig and her partner Ken Aretsky opened this snug, intimate restaurant with its bosky seasonal mural just a year ago, and it soon had a two- to four-week waiting list for peak-hour reservations. She has a special talent for lamb and duck dishes. Other outstanding offerings include corn cakes with caviar and crème fraîche, chimney-smoked lobster, quail with beet sauce, warm apple timbale with caramel sauce and chocolate bread pudding...
...James Baker met with finance ministers and central bankers from Japan, Britain, France and West Germany at New York City's Plaza Hotel and agreed to help bring down the runaway dollar. Prodded by Government intervention in foreign-currency markets, the dollar by December had declined 18% from its peak in February...
...year that Newton's laws were repealed on Wall Street. What went up never came down--at least not for long. After starting 1985 at 1211.57, the Dow Jones industrial average broke the 1300 barrier in May, smashed 1400 in November and surged to a peak of 1553.10 on Dec. 16 before settling at 1543.00 at the end of last week. The advance was fueled by the billion-dollar money managers who handle the investments of pension funds, insurance companies and bank trust departments. By the end of the year, even the most cautious of these institutional investors were under...
...Between October of 1984 and last March, People suffered operating losses of $21 million. In the following six months the airline recovered to earn $58 million, but some Wall Streeters think it moved back into the red during the last quarter of 1985. Its stock has dropped from a peak of 25 7/8 in 1983 to 9 3/8 last week...