Word: peakings
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Dates: during 1970-1979
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Light pollution is a slightly less serious problem around the country's other major astronomy center, Tucson, Ariz., but astronomers there are already worrying about the glowing threat. The area's five major observatories-including Kitt Peak, which expects to unveil a 150-in. telescope next year-recently petitioned the town fathers to shield and filter all mercury-vapor street lamps, ban all but essential searchlights, and pave roads with blacktop instead of lighter, reflective concrete. Aware of the observatories' contributions to the local economy, the Tucson councilmen agreed to consider the requests...
Rarely have such searching, unsentimental questions and answers been put to a Broadway audience with such elegance and expertise. Sally's number Losing My Mind is the torch-singing peak of the show, but Sondheim's entire score is an incredible display of musical virtuosity. It is a one-man course in the theatrical modes of the '20s, '30s and '40s musicals, done not as parody or mimicry, but as a passionately informed tribute. Michael Bennett's dances have a charged, steely precision, a top-hat, hot-pants staccato rhythm. James Goldman...
...Today he types himself as a nostalgic eccentric. Once a symbol of status and romance, the convertible is well on its way to joining tail fins on the scrap heap. They account for only 1.5% of 1971-model sales, down from 1.6% in the 1970 model year and a peak 6.7% in 1963. The trend is toward an even lower percentage; American Motors stopped making cars with roll-down tops in 1968, and Ford may do the same in the next model year, which begins this autumn. "We are almost certain that this is the last year we will...
...rates will fall a bit farther. "The prime rate will probably go to 5%," predicts John Bunting, president of First Pennsylvania Banking & Trust Co. One reason is that other short-term interest rates have fallen even more sharply. The yield on three-month Treasury bills has dropped from a peak of about 8% a year ago to just above 3%; commercial paper is down from nearly 9% in January 1970 to less than...
...borrow while business remains slow. Instead, corporations are floating long-term bond issues in order to raise funds to repay short-term loans that carry last year's steep rates. This month's offerings are expected to set a new record of $4.6 billion, topping the previous peak of $3 billion last May. Company treasurers are eager to stretch out the maturity of their debts so that they will not risk financial trouble if there is another sudden cash squeeze like the one that followed last year's Penn Central bankruptcy. "Too many corporations had close calls...