Word: tailspins
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Dates: during 1970-1979
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...House and crusty, conservative Federal Reserve Chairman Arthur Burns, who is widely respected in the business community. Fearing stepped-up inflation, Burns wants to slow the growth of the money supply. Carter's liberal economic advisers argue that too tight a rein may send the economy into a tailspin...
...feels that last season's tailspin, including an eight-game losing streak ending the season, was also a learning experience. "The bad part is a lot of people expected to lose. For me, it was a good experience in a way.... Soccer had always meant a lot to me, I had always been on a winning team.... I realized then that soccer was not the only thing...
Increasing productivity and defeating inflation are clearly vital. It will not be easy for Martinez de Hoz to achieve this without creating massive unemployment and real recession. If that sort of tailspin came with living standards falling and terrorists still active, workers and their Peronist union bosses might be tempted to try something far less passive than trabajo a tristeza...
...Lions then went into a tailspin, losing their fourth in a row in a 47-0 mauling at the hands of Rutgers. Playing in a spanking new Giant Stadium in East Rutherford, N.J., the Scarlet Knights made the Hackensack meadowlands look like an explosion in a tomato cannery on a sunset evening...
...buffeted pound is to the gusts of the marketplace. The slide was touched off when Swiss banks, anticipating new import controls on foreign capital moving into Switzerland, converted sterling into the solid security of Swiss francs. Even this light selling wave was enough to tip the pound into its tailspin. Said one London currency dealer gloomily: "It's not so much that people are selling pounds. Nobody wants...