Word: spiralled
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Your article neglected an important source of the repairman's business-the continued cheapening of American products. "Built to wear out" could be a motto for many modern gadgets; this is the sand on which the American economy seems to have built its Sputniked spiral...
...many countries, such as the U.S. and France, the growing practice of tying wage rates to the cost of living, either by government decree or union-employer contract, gives speed and added momentum to the wage-price spiral. Formerly there was a time lag before wages adjusted to prices, during which time the price rise might be reversed, making a wage rise unnecessary. Today the process is automatic. One country questioning the practice is Finland. There escalator wages are considered a major cause of the inflation that is so severe that the Finmark had to be devalued on Sept...
...Joseph A. Hynek of the Smithsonian Observatory estimated that after the first week the carrier had descended about ten miles from the apogee of its original orbit and increased its speed by about 20 m.p.h. This put it far ahead of the satellite proper, and made it spiral lower. There it could be getting hot from air friction, but it would probably last for at least two more weeks. Until Sputnik itself shows signs of dropping or speeding up, its date of fiery death cannot be predicted. Dr. John P. Hagen, chief of the U.S. satellite program, thinks that Sputnik...
...rates to 100 native diggers, set them to work two shifts a day hauling out debris in baskets made of old auto tires. In short order they had dug past the well's first stage-a broad shaft cut out of limestone 33 ft. deep, faced with a spiral staircase. Then the diggers excavated a narrower tunnel with steps cut in its side to reach a broad water-drawing room 82 ft. below the surface...
...called Slichter the exponent of a "defeatist school," which is coldly callous to the fact that creeping inflation has "pauperized countless retired and disabled American citizens" living on fixed incomes. Jacoby urges the Government to make its goal an "absolutely stable price level." This means stopping the wage-price spiral by tightening credit and reducing federal spending, leading to less buying, bigger inventories, production cuts, lower profits, and layoffs. He argued, in effect, for a small recession...