Word: spiralled
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Dates: during 1970-1979
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...Once the spiral starts, it develops a self-accelerating momentum. Union members, dismayed by the extent to which inflation eats away their pay gains, clamor for ever fatter wage increases. Businessmen borrow with abandon to build bigger inventories and more factories than they need, figuring that everything will cost more tomorrow. When this "inflationary psychology" takes hold, only drastic action can break...
...angry U.S. politicians and businessmen press Nixon to hit back by putting up barriers against an even longer list of imports. Cooler heads in all nations warn that such a cycle of retaliation and counterretaliation, carried to the extreme, can have the most chilling consequences. The last such spiral began duringand did much to deepenthe Great Depression. But the margin for good sense is slim, as the world teeters on the brink of a trade war that no one wanted...
...trusting of instincts in this building." There was also a bow in the direction of Frank Lloyd Wright's Guggenheim Museum. As in the Guggenheim, visitors move from level to level in a flow of curving space. But the tyranny Wright imposed with his irresistible, continuous spiral has been avoided at Berkeley...
Nixon thus will be sorely tempted to shift policy and give an extra boost to production, profits and jobs by allowing Government spending to rise still higher. Some Administration officials think that such a course would risk starting again the price spiral that the U.S. has only begun to curb, but they are frankly afraid that the boss will do it. Nixon and his advisers, says one Administration economist, "discovered that inflation started slowing down after the economy slowed down. Now they may do the reverse: speed up the economy and let the inflation come afterward-after the 1972 elections...
...witnessing a cross-fertilization between their cumulative style and the style of groups like the Beatles and the Stones, whose style is in itself a cross-fertilization between the late-Fifties crooners and black artists like Little Richard, Chuck Berry, and so on. Yet another revolution in the spiral. Obviously, as the case of the Beatles or Stones illustrates, white pop music would not be where it is today without liberal borrowing from black music. But a more complicated thing is occurring when black artists begin doing Beatle tunes, as we find happening increasingly...