Word: spiralling
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...originally seemed relatively benign: a pay raise for the country's 65,000 teachers, approved earlier by a blue-ribbon committee. In the Cabinet, however, the salary question provoked a collision between two stubborn antagonists: Finance Minister Yigal Hurvitz, who was determined to forestall any new wage spiral that would further boost the country's 140% hyperinflation, and Education Minister Zevulun Hammer, who felt equally committed to the teachers. Each vowed to resign if he lost the battle, taking precious parliamentary votes with him. Thus either way Begin's coalition would be left without a majority...
...incentive of individuals and companies to work harder producing goods and services. Board Member Greenspan, a close adviser to President-elect Reagan, argued that the program must be put in place quickly if the public is to believe that the new Administration is really serious about stopping the price spiral...
Meese chairs most meetings of Reagan's top advisers. He jots down the often conflicting views in his ever present spiral notebook and later distills them into well-reasoned, easily digested, single-page memos or brief oral reports to Reagan, just as he has been doing since 1967, when he first joined the Governor's staff. Says Edward Thomas, Meese's chief aide: "He can hash out a complex issue until it can be stated as simply as A, B, C. It puts the Governor right at ease." After Jan. 20, Meese will perform much the same...
...price of fuel continued to spiral upward in the mid-1970s and drilling technology became more sophisticated, the cost of pumping those reserves suddenly became competitive. The rush was on, with Amoco and Chevron the first major companies to leap in. Today, in 16 fields with more than 100 wells, each costing up to $25 million to build (five times the price in Texas), production has reached 30,000 bbl. of oil and 75 million cu. ft. of gas per day. Geologist Richard Powers estimates that as much as 15.5 billion bbl. of oil and 62.5 trillion...
...acquired at the New York World's Fair in 1939, Cornell was able to construct an entire tone poem about effigies and similarities: an 18th century French planetary map, two wineglasses (distantly recalling Dante's crystal heaven), a cork ball, a fossil ammonite unwinding its eternal spiral...