Word: spiraled
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...facts, as New York Timesman Edwin L. Dale Jr., 33, reported this week: 1) in 1952-55, retail prices of manufactured goods, as well as food prices, declined a bit on the average; 2) the main inflationary factor is not a wage-price spiral so much as the fact that service businesses (mostly small), along with landlords, doctors and dentists, keep pushing up prices of "non-goods"-services, utilities, rents, transportation fares...
Although about 1,200,000 members of the United Auto Workers are cushioned by a cost-of-living escalator in their contract that contributes substantially to the wage-price spiral, U.A.W. President Walter Reuther wrote President Eisenhower an indignant letter last month inveighing against inflation-which he blamed on "price gouging" and "unconscionable profiteering" by "guilty corporations." Last week, speaking to the U.A.W.'s Skilled Trades Conference in Chicago, Reuther vowed that in 1958 his U.A.W. would "win the highest economic wage concessions we have ever won . . . We cannot convince General Motors to part with its millions by pious...
...stop the wage-price spiral wrinkled many a Washington brow last week. One possibility which the Administration shudders to think about: a national policy limiting wage increases to those justifiable by rising living costs and improvements in actual output. Best bet: an all-out effort to warn big labor and management of the dangers of unrestricted wage-price increases. Said Dr. Raymond Saulnier, new chairman of the President's Council of Economic Advisers: "Federal monetary and fiscal policies cannot solve the [inflation] problem, though they can do much. We will also require the efforts of both business and labor...
Finding a spiral staircase in the basement, the pair walked up to the first floor and ended up in the library, where "we were conspicuous for our pallor," according to Hollister. "We mingled with the crowd later and never did get into any trouble...
This situation is largely due to the vast bureaucratic structures which gradually spiral down to level of post office such as Cambridge, 38, and which is so tied up with relatively small considerations that any large-scale improvement such as the correction of the existing New York mail situation becomes virtually impossible. A Post office for Harvard University falls victim to the same type of disinterest in any sort of problem which might take an excessive amount of study and consideration. Within this framework the local office is quite helpless...