Word: spiralled
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Dates: during 1970-1979
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...human race was at odds with a growing undercurrent of disillusion about man's ability to transform either himself or his world. A Teilhard de Chardin might confidently view man's physical and spiritual evolution in the new scientific world as a limitless upward spiral, but Hitler and Hiroshima suggested that the spiral could also spin downward into new dimensions of evil...
...rents, home builders have staged a march on Washington to protest soaring lumber prices, the Government has won a dubious victory in a battle with bankers over the price of loan money, and labor leaders have begun presenting demands that could give a new spin to the wage-price spiral. It hardly seems likely that President Nixon's imposition of price ceilings on beef, pork and lamb last week-which already is being called by Democrats too little and too late-will make these multiple hassles die down...
...regulations allowed mills to sell the same types of wood at vastly different quotes. Trying to cut through the confusion, the drafters of Phase III designed a special provision allowing higher-than-normal lumber-price boosts if they seemed necessary to ensure "efficient allocation of resources." Result: an inflationary spiral that is causing more worry than anything except the jump in food prices-and is finally beginning to force official action...
...Under such a clause, workers' pay is automatically increased to reflect the full rise in consumer prices that occurs during the life of the contract. In quiet times, such a clause can be relatively inexpensive-but during a period of swift inflation it can make the wage-price spiral spin all the faster. The U.E. and International Union of Electrical Workers won only a limited escalator after striking G.E. for 14 weeks in 1969-70, and have collected 24? an hour in cost-of-living adjustments since then; had there been no limit, the rise would have been...
What can result in WGBH's case is a downward spiral of activity. If the station is forced to cut back on its production of any national PBS programs, it will lose income and resources that will directly affect its local programming. Eventually, Rice contends, "We'd just disintegrate. Right now we're at a point where much of a somewhat fragile structure between public and private financing has been put together. But this peculiarly balanced economy of national and local programming could, with lack of funding, just fall apart...