Word: spiralling
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Dates: during 1970-1979
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...That policy will aim at two goals: breaking permanently the wage-price spiral, and stimulating business enough to bring the jobless rate down from 6.1% toward 4%, which most economists define as practical "full employment." By itself, the freeze will come nowhere near achieving either objective. If it is succeeded by a weak, waffling Phase II, warns Arthur Okun, a member of TIME'S Board of Economists, the nation will be "no better off on the inflation front than if nothing had been done-perhaps worse off because of disappointed expectations...
...Caution Sign. Breaking the wage-price spiral is only part of the task. The economy must also be prodded into an advance fast enough to create many more jobs. For that, Nixon in August proposed tax cuts of $4.5 billion in the form of credits that would go mostly to companies investing in new plants and machinery, and $2.2 billion for individuals. His program faces an uncertain fate. Union leaders and Democratic liberals charge that the investment tax credit, combined with $3 billion of relief granted earlier to corporations through accelerated depreciation schedules, constitutes an unjustified bonanza for companies...
...little and too late. The proposals for tripartite prime-ministerial talks for the all-Ulster round-table conference and for the two-day debate in Commons-or even Faulkner's hint at week's end of other concessions-might not be in time to reverse the upward spiral of violence. "No night passes without sporadic bombings and snipings, no day without bomb scares," TIME Correspondent Curtis Prendergast reported from Belfast last week. "On downtown streets there are almost as many armored cars as city buses. Steel mesh is going up over more and more shop windows...
...deceptive fragility, but the English lass is really porcelain on the outside, granite within. The girl is stone blind-the result of an equestrian accident. But she is making a wizard adjustment at her uncle's isolated house in Sussex. Then, rather abruptly, things spiral downward. Her boy friend Steve (Norman Eshley) leaves her alone to take an afternoon nap. She awakes to a house full of death. Some bloody maniac has gone crackers with a shotgun, cutting down everyone in the family. But he has accidentally dropped a clue-a bracelet with his name engraved upon the surface...
...that flop is an astonishing 70%. In the best of times-which these are not-the lure of the long shot attracted enough moneyed players to keep the game alive. In recent years, however, recession, declining profits and rising costs have sent the movie industry into a dizzying downward spiral...