Word: tailspinning
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Dates: during 1940-1949
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...asked him if he would come up and see me. I said to him that the strike was getting to be very destructive and that it was going to put our economy into a tailspin.* Furthermore, I said, if this strike isn't settled soon, the Administration is going to move in with controls and that will be bad for everybody...
...afternoon of April 30, 1945, most of the Russian delegation, sore over the admission of Argentina, left the meeting. Much of the press went into a tailspin. It was a bad day, but not nearly so bad as the headlines suggested. As the delegates left the hall, TIME'S Anatole Visson got through the crush to one of the calmest men in San Francisco. "What do you think?" asked Visson. Lord Halifax bent down with a tired smile. "I don't think this is the end of the world," he said. This quotation ended TIME'S story...
Effect. The commodity break posed a big question. Was it the start of a healthy general shake-out of inflated prices, or the ominous warning of a recession? When grains broke in 1920 (see chart), other commodity prices sank with them and threw the whole economy into a temporary tailspin. Before last week's break, wholesale commodity prices (as measured by the Bureau of Labor Statistics) were within 3.5 points of their 1920 peak. The grain prices had gone far above their post World War I high. Though the break had come too fast for official tabulation to keep...
...collusion" between the airline operators in setting rates, split up Bill Boeing's trust and "exiled" Johnson from the airline business for five years. In the crisis, there was no one but Patterson to take on the job of running United, and pull it out of its tailspin (United's stock fell from $35 a share just before the cancellation order to $14 when the Army took over the mail routes). Patterson won back all but one of the canceled contracts. He looks back on this as "the greatest day of my life...
...wise to wait until the middle of next week if you want to see it at its best. New musicians, new theater, cuts and revisions, and adjusting timing to the vagaries of Boston audiences can throw musicals, which depend on speed and precision, into a kind of half-hearted tailspin, and "Brigadoon" shows symptoms of such ailments this week...