Word: peak
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...Poor Seventh. The crisis is reflected in the figures. Economic assistance rose steadily through the 1950s, but after 1967, when it reached a peak of $7 billion, it began receding. Last year the total dipped to $6.9 billion -while worldwide arms spending neared $150 billion. Japan, Australia and Switzerland have increased their contribution; Germany, Canada, The Netherlands and the Scandinavian countries plan to do so soon. But there have been cutbacks in Belgium, Italy, Britain-and the U.S. which still dispenses almost as much aid as all the other countries combined...
...Clausen, vice chairman of the Bank of America, predicted last week that banks will cut their prime rate from the present record 81% early next year, or perhaps even sooner. Walter Heller, the former White House chief economist, maintains that "inflation has probably now passed its peak of intensity...
...diet colas. On the other hand, Coke has diversified quite successfully in recent years, notably with its big-selling Fresca. Now the company hopes to put still more life into sales through the image and logo changeover, which is expected to be well on its way by the peak of next summer's soft-drinking season...
...only means left to them: loafing. They wander aimlessly in the streets and fill the pubs from early morning until closing time. Construction sites are deserted. Office workers arrive late and often do not return after lunch. Says a factory foreman: "If you saw our plant at peak production hours, you would think we were on strike." "There is no respect for superiors, because they do nothing either," adds a Czechoslovak manager...
Ironically, both synthetics makers and foreign growers were given access to cotton's domain as an unforeseen result of U.S. Government policy. The troubles began with rigid, Depression-born price supports, which eventually reached a peak of 32½? a pound in 1955. They were aimed at propping the growers' income, but in the process they raised the price of U.S. cotton above the going world rate. The Government's solution to that problem was to subsidize exports, beginning in 1956. That move, in turn, created a crisis for domestic mill ers, who complained that they...