Word: peak
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...fierce overcompetition taking the place of missiles and machine guns, the airlines are battling for survival in an ever tougher market. They have become so intent on shooting down one another "that they seem to have forgotten how to make money. Normally late spring and summer are the peak periods for airline profits. Not so this year. Last week as many of the nation's major airlines released their financial results for the second quarter, the figures were appalling...
...most Israelis it was a week of unrelieved bad news. The inflation rate rose to a peak of 133%. The coalition government of Prime Minister Menachem Begin threatened to fall apart again over disputed cuts in defense spending. Angry squatters completed a tent settlement in Jerusalem to protest the housing shortage. Most disturbing of all, however, was a revelation in a parliamentary debate: more citizens are leaving Israel than at any time since the country was founded 32 years ago, on the very principle of the Jews' return to the land of Zion...
...second quarter is declining at roughly an 8% annual rate, the second steepest drop since the Depression and the worst since early 1975, when the nation's business plummeted 9.1%. Labor Secretary Ray Marshall predicted that unemployment could reach 8.5% early in 1981, much higher than the 7.2% peak that the Administration had originally forecast. Housing continued to be one of the economy's weakest sectors, as new home starts plunged 11% to an annual rate of a meager 920,000 units, the lowest since February 1975. Once again in May, wages and salaries failed to keep pace...
...peak of the social hierarchy is an elite, known as the nachalstvo (roughly, the Establishment), which includes perhaps a million people. This privileged group consists of a ruling class -those wielding power in state, party and military circles-and an upper class, comprising party-favored intellectuals, artists and top athletes. Whether they enter this exclusive club via the committee room, the Bolshoi stage or the hockey rink, members of the nachalstvo are assured of hidden perks denied to ordinary citizens...
Alexander Krylov, a top Soviet oil expert and a member of the Academy of Sciences, has predicted that "national oil output will peak in a relatively short time and then start to fall." Yet other energy experts in both the East and the West are more optimistic about Soviet potential. Leading Kremlin officials insist that their country will remain a net exporter of oil and natural gas for the next 50 years. Economist Marshall Goldman of Wellesley College maintains in his book The Enigma of Soviet Petroleum: Half Empty or Half Full? that the Soviets will actually increase production...