Word: peak
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LIVING COSTS HIT NEW PEAK, cried the headlines. Up went the U.S. Consumer Price Index by one-half of 1% during the month of July to its eleventh successive monthly alltime high, adding up to a creeping 3.2% inflation since July 1956, a decline of 20.8% in the spending power of the dollar since 1947-49 (see BUSINESS...
...went doctors' bills, cosmetics, TV repairs, outweighing light " declines in clothing and household appliances. Up above all went the cost of food-bacon by an average 6/ a pound, round steak by 4? and frying chickens by 2?, eggs by 6? a dozen-to climb above its peak (before the farm recession) in August...
SHIPPING BUSINESS is sinking close to lowest ebb since World War II, and transocean charter rates are down about 50% from peak of Suez crisis. Should recession continue, it will run older, smaller ships off main sea routes. Some ships are already being laid up, but most operators hope to ride out temporary storm, are still placing orders for new ships...
McDonnell's President James S. McDonnell Jr. estimates that the Demon stretch-out will not cut McDonnell Aircraft's present record employment of 27,000; it will only keep it from climbing to the new peak that had been expected. The stretch-outs, in total, will cause far fewer layoffs than earlier anticipated. Last week the Pentagon estimated that this year's $1 billion to $1.5 billion slash in aircraft orders will trim the industry's payroll by 5%-a drop of 40,000 workers from the total 800,000. Since the industry has a high...
...third big push, and the easiest, as they chipped ice steps and worked their way up, 400 ft. an hour. They had topped Grand Pilastre's crest by 10 a.m., climbed another eight hours over easier ground. At 6 p.m. they scrambled at last atop the great peak of Mont Blanc. They descended by an easier route. Next day, as European newspapers front-paged their feat, Walter Bonatti went skiing for exercise...