Word: spiralling
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...purity of her adopted American Southwest. And now, at the age of 94, O'Keeffe has turned anew to a medium she all but abandoned in 1917: sculpture. Apparently inspired by her assistant and acolyte, Juan Hamilton, 36, O'Keeffe finally completed Abstraction, an 11-ft. spiral of painted cast aluminum. Now on display in a sculpture show at the San Francisco Museum of Modern Art, her first major work as a sculptor gives her further claim to the title of doyenne of American...
...story on the global slump [July 19], your economists did not stress the fact that huge expenditures on arms around the world, except in Japan, are absorbing the productive capacity of nations. President Reagan is right about cutting domestic spending: the upward spiral had to be stopped. But replacing it with an arms race is madness...
...sports fan briefly described here spent a year working on his spiral pass as a result of his little caper, and you will get the boot for less-obvious academic violations as well. Harvard takes these stipulations more seriously than it does rules about party notes. Perhaps the most famous disciplining of the past 5o years involved none other than the current senior U.S. Senator from the Bay State. Young Ted Kennedy '54 (but actually '56) didn't feel up for a Spanish exam and had a buddy take it for him. Only Ted decided to spend the morning munching...
Recession. The word no longer seems adequate to describe the relentless turmoil that is shaking the world economy. More and more politicians, businessmen and economists are beginning to have a few haunting fears that this economic decline could spiral out of control, leading to a breakdown in the economic system. Said Canadian Prime Minister Pierre Trudeau at the recent Versailles economic summit: "We are moving from crisis to catastrophe." Warns Paul McCracken, former chairman of the Council of Economic Advisers under President Nixon: "The world economy is balanced on a knife-edge and could easily plunge into another...
...West was strongly susceptible to this price spiral because of the institutions that had evolved during the postwar prosperity. Power had become more concentrated in large corporations, labor unions and lobbying groups ranging from the Gray Panthers in the U.S. to the National Federation of Farmers' Unions in France. Explains Economist Mancur Olson of the University of Maryland: "In stable, democratic societies, special-interest groups accumulate over time, and they push to raise prices, wages or government spending. They can only serve their member by trying to win a larger slice of the social pie." In aiming to shield...