Word: spiralling
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Dates: during 1940-1949
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...Spiral of Inflation." To irate critics who call the whole ?400 million scheme a "forced loan," Professor Keynes is tireless in his calm, persuasive retorts. He starts by asking everyone to remember how, during World War I, prices rose much faster than wages (as they are again doing in Britain), argues that even though war wages run high, the working class suffers an actual loss in "real wages" from this "spiral of inflation." It is obviously much more to the workers' advantage, he insists, to be left at the end of the war with a packet...
Another full turn in the ominously rising spiral of Italian economy was just about completed last week. Successive effects of invading Ethiopia, battling League sanctions, supporting General Franco and building up a huge Army & Navy have upped State expenses, which has increased taxes, which has jacked up prices. As if living costs were not enough already, last fortnight Italy imposed a 2% turnover fee on every commercial transaction. In every case merchants passed it on to consumers; in some cases merchants did better and profiteered on the side.That caused the Italian Government to take some tough measures...
...case with so many modern American pictures, a large number of these prints suffer from the Life influence. Journalistic photography is attractive in a newsmagazine, but it is rarely documentary or artistic, and the pages of this spiral-bound U. S. Camera are crammed with the work of Life's staff or their imitators Nevertheless, it is heartening to record the absence of the so-called "arty" pictures of a few years back. Those remarkable results of the fusion of bad lenses, drastic retouching, abrasion processes, rough paper, and bromoil have finally been laughed out of exhibitions; it only remains...