Word: spiralling
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Dates: during 1980-1989
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Horrible deeds done by good people prompt the most difficult questions. How did efforts to get the car fixed spiral into robbery and death, bad decisions made at every turn? Nothing about Cooney or his friends suggested they were capable of reckless, murderous behavior. So far, drinking and drugs do not appear to be a factor. Three of the boys came from working-class families who struggled to pay the $3,225 tuition at a strict private school where Catholic, not prep, is the defining sensibility. Cooney was the stepson of a police officer; Katanic's widowed mother...
...increases in that component could push the overall inflation measure upwards by a percentage point or two. Some economists, like David Jones of the investment firm Aubrey Lanston, believe the food-price run-up will combine with rising wages and other commodity shortages to set off a genuine inflationary spiral. (The price of aluminum, for example, has risen more than 75% during the past year, while copper is up more than...
...will take resolve and courage on the part of the Fed, especially in an election year. But Greenspan can probably muster the necessary determination if he thinks back to the early 1980s, when inflation got completely out of control and it took 20% interest rates to halt the price spiral. No one -- Republican or Democrat -- wants to experience a repeat of that episode...
...production, because to the American voter, the drop in gasoline prices is probably the single most prominent economic improvement over the Carter administration. More importantly, if OPEC were to regain power and put a lid on oil production, prices could soar and pull America back into an inflationary spiral...
Astrology was once a statelier business. It was a transaction that occurred between emperors and the absolute. The pageants of the zodiac projected themselves upon the lives of kings. The earth was at the center of the universe. Berosus, the high priest of Babylon, would climb the spiral ramp of the great ziggurat at night and ask the stars if the time was ripe to move against the Assyrians. Frederick II would not sleep with his wife, or Lorenzo de' Medici build his country house, until their astrologers prescribed the days and times for doing...