Word: peak
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...rate. Manhattan's Argus Research, which had an excellent forecasting record last year, predicts that pretax profits this year will jump 15% to 18% above 1970. Another bullish factor is the dramatic decline of interest rates. The yield on high-quality corporate bonds has dropped from a 1970 peak of 9.4% to 6.9%, a return that many money managers believe can be bettered in stocks...
...colony after another set out on its own. buoyed by unreasonably high hopes. Few captured the heady mood more eloquently than Julius Nyerere, who marked Tanganyika's independence in 1961 by sending an expedition to plant a flag and a torch atop Mount Kilimanjaro, Africa's highest peak. "It will shine beyond our borders," said Nyerere, "giving hope where there was despair, love where there was hate, and dignity where before there was only humiliation...
...stood at an unprecedented 8½%. Six of the drops came in the past two months -a modern record. Big Manhattan banks reduced their rates on residential mortgages from 7½% to 7¼%. Around the country, mortgage lenders are trimming their rates below last year's peak of 9½% and accepting lower down payments. In order to keep in step with market trends, the Federal Reserve Board reduced its discount rate, the fee that it charges on loans to member banks, from 5¼% to 5%, the lowest in almost three years. The discount rate is unlikely...
Piqued at Gnomon's posted response, Jacobs added some dressing to his price cuts two days ago with the "guarantee" that the lower prices will remain until May 31, 1971-through the peak season for theses...
...Pereira, 63, noted abstractionist painter; in Marbella, Spain. She once described her style as a system that seeks "plastic equivalents for the revolutionary discoveries in mathematics, physics, biochemistry and radioactivity." Her cool paintings were made up of carefully plotted blocks, lines and dashes in endless variations. She reached her peak in the early '50s, when she was known for her geometric patterns painted on sheets of fluted and rippled glass, which were then placed one on top of the other so that refracted light jabbed through in a dazzling spectrum...