Word: spiralling
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...easy a recovery from three years of recession. Labor unions, bolstered by Socialist and Communist support, made excessive wage demands. When these were not fulfilled, they struck until the country was groggy. Affluence-seeking consumers did their best to make the dolce vita permanent. Inevitably, inflation began to spiral toward a current rate of 20% a year. New worker protests took place, including a massive "park-in" by Rome taxi drivers demanding higher fares. With money reserves dwindling as Italy tried to correct a severe balance of payments deficit, last year's oil crisis dealt the economy a devastating...
Rumor's government faltered over a dispute about the timing of a possible relaxation on credit restrictions. The Christian Democrats wanted to hold down credit until tax revenues rose substantially. Their coalition partner, the Socialists, argued that tight credit would strangle small business and spiral unemployment up from its present 3% to possibly...
...been, the raging U.S. inflation would have been much worse if it had not been for the almost saintly patience that workers have shown in accepting modest wage increases. Now the patience seems to be evaporating. A sudden upsurge in pay raises threatens to give the inflationary spiral another whirl...
...runaway spiral has already gone far to dim two parts of the American dream: young couples with skimpy savings are finding it all but impossible to buy a" home, and would-be entrepreneurs are unable to get the credit they need to start businesses of their own. Small businesses generally are having trouble borrowing to expand or in some cases even keep going. Most big businesses can still get credit-indeed, their excessive borrowing is a major cause of the present squeeze. But electric-power companies, which must regularly go to the bond market to borrow the funds required...
...either save his new-found wealth or spend it on the television sets and tape recorders that he makes, doubts spread as to whether anyone had really won any thing worthwhile. Prime Minister Kakuei Tanaka warned that the big pay raises could set off a vicious wage-price spiral that would boomerang against consumers and threaten Japan's competitiveness in world markets. The workers themselves, who had gone so far as to stage a two-day transportation strike to press their demands, concede gloomily that most of their gains have al ready been wiped out by Japan...