Word: peakes
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...slowing from the unsustainable 7% annual rate the economy hit at the end of 1993, but output of goods and services this year is widely expected to rise at least 3%. That is considered a sustainable rate that can continue to reduce unemployment -- which has fallen from a peak of 7.7% to 6.5%-without reigniting inflation. The most important dissent comes from the Federal Reserve Board, whose governors appear to think the economy right at the moment is growing a bit too fast. If the Fed does raise interest rates again soon, it will be to keep easy credit from...
...complaints begin with the chaos that has sent global stock and bond prices reeling in recent weeks, knocking nearly 10% off the Dow Jones industrial average since its peak on Jan. 31 and placing the future of Wall Street's three-year-old bull run in serious doubt. But beneath the immediate outcry lies a more fundamental criticism of the way Greenspan has tried to keep his balance between several constituencies. According to this line of attack, Greenspan, who fiercely resisted White House pressure for lower interest rates during the Bush Administration, has sought to make an ally of Clinton...
...recommendations, the report recommended that the University "increase the size of the supervisory staff to allow for adequate coverage during all shifts, especially peak shifts...
...peak in the early 1960s, Ionesco attracted such collaborators as Jean-Louis Barrault, who magically staged A Stroll in the Air; Laurence Olivier and Zero Mostel, who both played the lead in Rhinoceros (with Mostel winning a Tony Award on Broadway); and Alec Guinness, who starred in Exit the King, a Lear-like portrait of the inevitability of death. Ionesco was hailed as someone who might bridge the gap between literature and entertainment. Instead, his work grew more remote and austere, and his audiences dwindled. His last play, Journeys Among the Dead, was withdrawn before opening in New York City...
Wall Street's heart-stopping tumble (the Dow is down more than 340 points from its Jan. 31 peak) came to a shuddering stop on the eve of Good Friday. President Clinton expressed confidence in the nation's economy and urged investors not to "overreact...