Word: peakings
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Dates: during 1970-1979
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Shares of some of the nation's biggest, best-known and most successful companies have done far worse than the averages indicate. The Singer Co. hit a price peak of over $93 a share in 1972; it is now down to around $24. DuPont stock, at about 113, is selling for less than half its price of 261 in 1965. Among glamour issues, Polaroid has nosedived from a high of 149 in 1972 to around 30 now. Most startling of all: General Motors shares peaked out at almost 114 in 1965 and are now down to around 65-even...
Mount Usu had last erupted in 1945. Since then, magma, or semimolten rock from the mantle surrounding the earth's core, had been slowly and quietly rising through cracks under the peak of the mountain, building up tremendous pressures and triggering repeated earth tremors that rocked Hokkaido. Finally, on Aug. 7, the 725-meter (2,400-ft.) Usu awakened with a roar like that of a bomb. A huge black cloud soared to a height of 12,000 meters (39,000 ft.). A dense shower of gray ash and chunks of porous, rock-like pumice poured...
Earlier this year, as the economic recovery picked up momentum, some savvy Wall Street professionals were predicting that stock prices would zoom and the Dow Jones industrial average would easily soar beyond the peak of 1,051.70 it reached in 1973. So much for savvy. Since January the stock averages have wobbled and worried their way down steadily. Last week the 1977 market's peevishness turned into something approaching panic, as a selling stampede slashed share values and drove the Dow down to its lowest level in 18 months...
Working like a well-functioning percolator, the market forces that drove raw coffee prices to record highs in April are now forcing prices down, down, down. In the past few months, Colombian green coffee has fallen from $3.34 per Ib. to $1.92, 43% below its April peak. Similar drops have taken place for other varieties of coffee...
What is a maharishi to do when sales start to grow sluggish? One answer: announce a shiny new product. Maharishi Mahesh Yogi, the founder and guru of Transcendental Meditation (TIME cover, Oct. 13, 1975), has done just that. TM monthly enrollment slid from its 1975 peak of 40,000 trainees a month to a low of 4,000 this year, partly because the Maharishi invited several thousand of his teachers to TM headquarters in Switzerland to acquaint them with the organization's new wares. The teachers have now brought those wares to the American market: lessons that will lead...