Word: spiral
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Dates: during 1950-1959
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...stop the wage-price spiral wrinkled many a Washington brow last week. One possibility which the Administration shudders to think about: a national policy limiting wage increases to those justifiable by rising living costs and improvements in actual output. Best bet: an all-out effort to warn big labor and management of the dangers of unrestricted wage-price increases. Said Dr. Raymond Saulnier, new chairman of the President's Council of Economic Advisers: "Federal monetary and fiscal policies cannot solve the [inflation] problem, though they can do much. We will also require the efforts of both business and labor...
Finding a spiral staircase in the basement, the pair walked up to the first floor and ended up in the library, where "we were conspicuous for our pallor," according to Hollister. "We mingled with the crowd later and never did get into any trouble...
This situation is largely due to the vast bureaucratic structures which gradually spiral down to level of post office such as Cambridge, 38, and which is so tied up with relatively small considerations that any large-scale improvement such as the correction of the existing New York mail situation becomes virtually impossible. A Post office for Harvard University falls victim to the same type of disinterest in any sort of problem which might take an excessive amount of study and consideration. Within this framework the local office is quite helpless...
...ground, or that the ballooning U.S. population will eventually absorb all the goods-and more-that industry can produce. Yet there is a very real concern that U.S. business, its eyes firmly fixed on the long term, will not see or accept the short-run dangers of an inflationary spiral that could seriously cripple the economy...
...Spiral Nail. Jones & Laughlin has brought out a nail with spiral threads, which has 50% to 200% greater holding power and weighs less than smooth nails. When the "Ardox" nail is driven, it does not cut wood fibers, but pushes them aside, reduces wood splitting and physical labor. Fewer kegs of Ardox nails are needed for building projects, thus cutting costs...