Word: spiralled
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...guidelines arises, Carter's advisers believe, because the U.S. is now experiencing a peculiar sort of inflation by momentum. Prices, in their view, are not being pulled up by excess demand (the nation's factories are at present operating at only 74% of capacity). Rather, the inflationary spiral keeps spinning because everyone expects it to. As Okun wryly puts it, "Wages and prices are going up because they have been going up." So some type of Government action is needed to break the momentum, and Carter is opposed to outright controls. Though he once talked of asking Congress...
...price boosts. But businessmen have not forgotten that early in the campaign Carter spoke of requesting stand-by authority to impose wage-price controls, which executives abhor. Says Raymond Herzog, president of 3M: "The mere mention of federal intervention causes companies to raise their prices in anticipation. Inflation would spiral. Carter should go on the record to stop these rumors...
Thomas Jean '78 and James Wheeler '78 describe themselves as "regulars" at the opulent Quincy House library, which boasts a spiral staircase and two complete racks of comic books...
...first half was all Harvard, the third quarter a standoff and the final period a death spiral for the tiring Crimson. After an opening 30 minutes of intermittent success in which Jim Kubacki put two touchdowns on the board, the Harvard offense slowed to a crawl with nothing but a Mike Lynch 28-yard field goal in the third quarter, and came to a dead stop in the fourth...
Perhaps this indicates no trend, perhaps the work of one "modern dance" troupe connects not at all with the current inward spiral of the arts. Hopefully, it's only Tanz-Forum that needs to be reminded that in dance, it's the present, not the thought, that counts...