Word: spiraling
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Dates: during 1950-1959
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...Joseph A. Hynek of the Smithsonian Observatory estimated that after the first week the carrier had descended about ten miles from the apogee of its original orbit and increased its speed by about 20 m.p.h. This put it far ahead of the satellite proper, and made it spiral lower. There it could be getting hot from air friction, but it would probably last for at least two more weeks. Until Sputnik itself shows signs of dropping or speeding up, its date of fiery death cannot be predicted. Dr. John P. Hagen, chief of the U.S. satellite program, thinks that Sputnik...
...rates to 100 native diggers, set them to work two shifts a day hauling out debris in baskets made of old auto tires. In short order they had dug past the well's first stage-a broad shaft cut out of limestone 33 ft. deep, faced with a spiral staircase. Then the diggers excavated a narrower tunnel with steps cut in its side to reach a broad water-drawing room 82 ft. below the surface...
...called Slichter the exponent of a "defeatist school," which is coldly callous to the fact that creeping inflation has "pauperized countless retired and disabled American citizens" living on fixed incomes. Jacoby urges the Government to make its goal an "absolutely stable price level." This means stopping the wage-price spiral by tightening credit and reducing federal spending, leading to less buying, bigger inventories, production cuts, lower profits, and layoffs. He argued, in effect, for a small recession...
What makes the inflationary spiral particularly crippling is that carloadings, the bread and meat of railroading, have fallen 2.9% up to mid-August, partly reflecting some tapering off in the economy, partly bad weather (floods and crop failures). Livestock and products, though only a small part of loadings, dropped 24.5%; lumber and other forest products, hit by a decline in housing starts, were down 12.9%. Coal was down 1.1%, merchandise shipments of less-than-carload quantity down 8.7%. Most important, the miscellaneous category that includes almost all U.S. manufactured goods and makes up roughly 50% of all loadings dropped nearly...
From this Blough concluded: "No one company, no one industry, no one union can alone stop the march of inflation. Neither the steel industry or any other industry ever sets the wage pattern in America, for the postwar wage pattern has been a never-ending spiral in which each industry, in its turn, is called on to pay a little more than the preceding industry did, and the next industry must then pay a little more than that...