Word: spiralled
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...China. Going for Illia are premium beef prices and one of the best wheat crops in history. In La Pampa province alone, wheat farmers this season have harvested 796,000 tons v. 5,300 tons during last year's searing drought. At long last, the cost-of-living spiral is leveling off (down 1.3% last month), and so is the peso. The exchange rate is holding steady in a range of 132 to 138 to the dollar, after sinking as low as 157 last year. To tighten the economy further, Illia last week restricted the amount of foreign currency...
...long built typewriters and calculators, an attempt to ship in other machines was almost completely cut off last year by Argentine import restrictions. In neighboring Brazil, inflation far worse than Italy's ate up Olivetti's profits. Heavily dependent on South American sales, damaged by the Italian spiral and drained by its effort in the U.S., Olivetti had insufficient income to cover the costs of its vastly expanded plants, which turn out products noted for their quality and design...
...result is a circular building flanked by two spiral ramps. Customer? drive up a ramp, peel off at the level hey choose. There are two parking levels for each selling floor, and the customer parks diagonally on the outside or inner rim. Eliminated is the long walk from the distant parking...
...Johnson also had an admonition to labor. Said he: "We must not choke off our needed and our speedy economic expansion by a revival of the price-wage spiral." Then he turned upon labor the very same words that President Kennedy had used against industry after the dramatic 1962 steel crisis: "We can and must, under the responsibility given to us by the Constitution, and by statute and by necessity, point out the national interest. And, where applica ble, we can and must and will enforce the law on restraints of trade and national emergencies " When he finished, he stood...
...worried leaders as German Chancellor Ludwig Erhard and Italian Prime Minister Aldo Moro warn that continued inflation may ruin Europe's economy by weakening its currencies and shutting off its world markets. Even Pope Paul, in an unusual message last month, took note of Italy's inflationary spiral by recommending austerity both because of "the Lenten season and the state of things in this country...