Word: tailspinning
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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...
...picture . . . shows an obviously worried and harassed ghostlike human being reading TIME. News and data are flowing prismatically into TIME, and from TIME into the figure's head. The portrayal of the head indicates that the reader is in a mental tailspin, and confusing thoughts are shown arising from his brain. [He] is relaxing uncomfortably in an impossible reclining attitude. His le:s are crossed and there is a banana peel under one foot, which he seems likely to slip on when he gets up. An Irish setter is asleep on the floor...
...debate raged on. At week's end the State Department issued the Acheson report (see INTERNATIONAL) which would eventually vest primary control in UNO. Senators were in a tailspin. Hastily they withdrew into their chambers to think it all over again, while Mr. Vandenberg buckled down to write another amendment defining the functions of the military...