Word: peak
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...beginning next July), and lo, it called for more spending than ever. It had more of almost everything than the current budget-including red ink. Total expenditures: $98.8 billion, up some $4.5 billion from the current fiscal year, and $500 million more than the Government paid out in the peak spending year of World War II. Indicated deficit: $11.9 billion. Only a fraction of that deficit is attributable to the tax cuts that the President called for in his State of the Union message delivered earlier last week. Assuming that tax reduction would stimulate the economy, the Administration calculates...
Even at home, the storm signals were flying. Once again the lines of unemployed workers are lengthening outside labor exchanges. The half-forgotten word "dole" is back in the language. Britain's overall unemployment rate of 2.6%, though mild by U.S. standards, is at a four-year peak and still rising. Moreover, most of the 600,000 men without jobs are concentrated in a few dozen "black spots" in the north, where in some communities up to 14% of the work force is on the dole ($13 a week for a married...
...policy of submerging every substantive intra-NATO disagreement under the blanker title of Challenges to American Leadership has reached a new peak of boorishness this month. Thus, writing under a Times Syndicate by line in the local Herald, Mr. Rusk's press secretary, Mr. Reston, pronounced-ex cathedra, as it were- this threat...
Harvesting Idealism. NSC aims to start small with 500 volunteers by midsummer, probably hit peak strength in three years with 3,000 to 5,000 members. It will cost then about $10 million a year (one-sixth of this year's Peace Corps budget). For recruits, it will rely heavily on students and retired people, demanding slightly lower physical standards than the overseas Peace Corps. Domestic corpsmen need not be college graduates, but will have to be U.S. citizens aged at least 18 (no top limit), with warm, steady characters and almost any useful skill. They will get four...
...hilly Hong Kong, prestige is often a function of height: the socially elect live on "the Peak." and down below, in the central business district, a company's importance is apt to be judged by how tall its headquarters building is. Latest entrant in Hong Kong's corporate prestige race is the Hang Seng (Eternal Growth) Bank, which last week opened a 22-story building that is even taller than the Peking-controlled Bank of China-which was deliberately built a few feet higher than the British-run Hong Kong & Shanghai Bank. Resplendent with Venetian mosaics and bulletproof...