Word: spiral
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Dates: during 1940-1949
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...leave bonds can be cashed by September 1 may raise an itch on the palm of the veteran, but something more like a furrow on the brow of the professorial economist. Two members of the Economics Department here saw the government move yesterday as another round in the inflation spiral...
...obvious result from this short-sightedness is another upward twist in a price spiral already reaching dangerous levels. Most American firms enjoyed fat profits from their 1946 operations. Unions know this almost as well as management, and they would be foolish indeed if they did not take full advantage of it in setting their demands for the coming year. With bargaining power reduced by incontrovertible facts, new highs in labor's terms can be avoided only by the slim margin of union moderation, at a time when unionists are bearing the brunt of a greatly increased cost of living. Labor...
Despite temporary regressions and stagnation, the history of man has displayed a constant upward spiral. Some day the human race will awaken to the glorious truth, first expressed by Confucius, that "the kingdom of heaven is within you," and that deeds are the vital thing-not belief...
Even the National Association of Manufacturers, who had seen no danger of a wild price rise when the N.A.M. was axing OPA to death, was now worried. N.A.M. President Earl Bunting gloomed: "If the constant upward winding of the spiral continues, you'll see one of the most terrible busts this country ever...
...behaved with laudable restraint. With the exception of the always exceptionable coal miners, there had not been a major new strike in six months.* But labor could not sit still forever. Labor figured that if prices stayed up any longer, wages would have to go up. And if another spiral plunged the nation into a bust, then industry would have to answer for it. To a large degree, labor was right...