Word: spiral
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Dates: during 1950-1959
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...unemployment was about as high, prices declined only .5%. In short, prices are growing more and more rigid. Unemployment stands at 7.5% of the labor force, yet prices are still climbing. Last month they hit an alltime record 123.5 on the index, and no real end to the upward spiral is in sight...
...installation of his sculptures, used in a ballet set in Gian Carlo Menotti's Festival of Two Worlds. Soon to be installed at the new Paris headquarters of UNESCO is the most ambitious of all Sculptor Calder's works -a 30-ft.-high mobile, The Clockwise Spiral...
...recession can be traced very largely to a revolt of the FIGs (Fixed Income Groups) against the wage-price spiral. If this spiral is not stopped, the FIGs will, in the end, be starved out of existence...
MARRIAGE SLOWDOWN will nip market for houses, furniture, etc. Dropping steadily since last August, marriage rate this year is about 10% below year ago. Reasons: low birth rate of Depression 1930s combined with today's economic slump and living-cost spiral...
What labor has not learned is that just as businessmen must suffer from reduced business and lower profits, so labor must also bear some of the cost of a business downturn. Businessmen fear that the U.S. will not be on solid ground for an upturn until the wage spiral is broken, and productivity, which has not been rising as fast as wage rates, catches up. Said Industrialist and longtime Federal Reserve Chairman Marriner Eccles: "Organized labor has already jeopardized its interests by pricing many of its goods and services right out of the market...