Word: peakings
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Dates: during 1970-1979
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...like a set lifted from Dr. Strangelove, the company's technicians coolly watched banks of panels covered with fluttering dials, oscillating graphs and blinking lights. Given a capacity supply of about 7,300 megawatts, on one day they doled out as much as 7,245 Mw in the peak-consumption hours. But each time, as the safety margin neared, the calm technicians ordered voltages reduced by 3% to 5% and quickly asked the city's biggest consumers to start unplugging everything from air conditioners and lights to escalators...
Nuclear Disappointment. Despite the crisis in the New York area last week, some industry spokesmen still insist that the nation generally has ample power. The Edison Electric Institute, a national trade association, argues that the U.S. has an average 18.2% more generating capacity than it needs to supply peak summer demand. Western states in particular have a surplus of power. But other experts are less sanguine. Speaking before the American Power Conference last April, Carl E. Bagge, vice chairman of the Federal Power Commission, bluntly informed the electric industry that it confronts a "national crisis." Said he: "Minimizing this fact...
...Inflation is slowing. M.I.T. Economist Paul Samuelson thinks that the peak of inflation was passed in the first quarter. The consumer price index in June rose at a seasonally adjusted rate of 4.8%, down from 6% in May. Economists, like housewives, are far from satisfied with that improvement. Still, the June movement looked like a trend, because it followed an earlier deceleration in wholesale price indexes. Wholesale meat prices, for example, began to drop in April, and last month beef and pork prices fell at the supermarket counter. Paul McCracken, the President's chief economist, testified that he expects...
...cutbacks in military and space projects. Demands are rising in and out of Congress that even more Government spending be switched away from military projects to civilian needs like housing and pollution control. Aerospace sales for this year are expected to be about $28 billion, down from a peak $30 billion...
...most popular method of saving money and enjoying it is camping. Last week, from Maryland and Virginia's Assateague Island to California's Yosemite Valley, the national parks were in something like a state of siege-and they were still a month away from the season peak. Unhappily. Americans in their massive, neo-Thoreauvian urge threaten to create precisely the environment they are trying to escape. A haven like Yosemite, once celebrated by naturalists and the National Geographic, offers roughly the solitude of Central Park on a weekday. Says one Interior Department official: "Visiting Glacier National Park...