Word: spiral
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Dates: during 1960-1969
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...with the problem. Premier Paul Ramadier fought a game but losing battle in 1947; Premier Antoine Pinay launched a "Save the Franc" campaign in 1952. Now De Gaulle is struggling against the same hydraheaded enemy: rising prices, up 16% in three years; wage boosts, which only increase the cost spiral; and the fury of farmers...
...several weeks to dock, unload, load and steam away again. At Santos recently, one ship was 60 days loading 16,000 tons of corn. By the time the ship finally weighed anchor, kernels of corn that had trickled into deck crevices had sprouted into vigorous plants. As port costs spiral, more and more foreign ships steam past Brazil's congested harbors, and dockworkers are now beginning to complain about lack of work. Their inevitable reaction: strikes for more...
...After strenuous negotiations, the two sides agreed to shelve the issue for three years. When the three years expired in 1959, the railroads set out to alter the work rules. Featherbedding, said Daniel P. Loomis, president of the Association of American Railroads, is "a handmaiden of the ruinous inflationary spiral. For the good of all America, something drastic must be done about this destructive growth. And 1959 is the year of decision...
After the long emotional excitement of the fight for independence, Ireland in the postwar years seemed to be hibernating, caught in a descending spiral of cynicism and feckless nostalgia. Its malaise was expressed by Playwright Sean O'Casey: "Someone or something is ruining us. What do we send out to the world now but woeful things-young lads and lassies, porther, greyhounds, sweep tickets, and the shamrock green? We've scatthered ourselves over the wide world, and left our own sweet land thin. We're just standing on our knees now." Bloody Baluba. Today the Irish...
...Latin American spiral is largely the result of instability in the peso, escudo or cruzeiro, which in turn increases import prices and wrecks wage levels. In economically advanced nations, however, the increases are a penalty of unpoliced success. Expanding industrial output in the postwar years, these nations tried to avoid labor shortages with higher pay, more overtime and lavish fringe benefits-until wages finally outpaced production. At the same time, increased consumer spending competed for a relatively stable supply of goods and steadily pushed up prices, particularly of food. Britain slowed its spiraling cost of living by instituting...