Word: spiralled
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Dates: during 1980-1989
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...material world, the vanishing of the "mere" delights of body and landscape. As this show repeatedly makes clear, the fantasy of evolution from matter into spirit was shared by other Munich artists before 1914, most strikingly by Hermann Obrist, whose unbuilt project for a monument -figures ascending a spiral, hauled up on top by a winged angel - predicted the great unbuilt monument of the 20th century, Tallin's iron tower for the Third International in Russia...
...that the technological increases in productivity throughout the 1920s (up 43% per factory man-hour) were not matched by increases in wages and thus in the public's capacity to consume (factory pay rose less than 20%). The collapse of the overinflated stock market therefore started a downward spiral in both demand and the ability to pay. Conservative economists like Milton Friedman, on the other hand, blame the Federal Reserve System for failing to expand the money supply sufficiently in the wake of the stock market crash...
...archaeological images blown up to "American" size. On a flat ground, flat pictographs: Ariadne holding her thread, Theseus as a stick figure with spear, a Minotaur. This primitivism is meant to suggest a heroic Aegean prehistory, a lost age when sibyls muttered in every cleft, and any scratch or spiral meant something. But Penck's images are mere quotation suffused with graphic charm; they are little more than the husks of myth, the ornamental posing as the archetypal. Of course, one could say much the same about some of Paul Klee's output-to name...
...weeks later, Ronald Reagan and the supporters of the unorthodox theory of supply-side economics took office. The new President vowed to stimulate business by slashing taxes, even though some critics said that such a move at a time of high inflation would cause prices to spiral still faster. Reagan responded that he would curb inflation by cutting the U.S. budget, and urged the Federal Reserve Board to maintain tight control of the money supply. Moreover, the President asserted that when investors saw prices leveling off, they would lower the return they demanded for their money, and thus interest rates...
Leaf added that doctors have an important role in defusing the nuclear arms spiral. "We're trained in order to be responsible for the health of our country," he said...