Word: spiraling
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Dates: during 1950-1959
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Boston, like other metropolitan areas in the United States, is caught in the spiral of an increasing tax rate. City residents move into the suburbs when the tax level becomes high. With income decreased by the exodus to suburbia, the city is forced to raise the level again in order to survive. Boston's taxes this year were $86 per $1000; next year the Municipal Research Bureau fears they will rise...
...final solution, other than surrender to the spiral, must be a sales tax or other system of state-wide income gathering which would shift some of the burden from cities to suburbs. Mayor Hynes is hoping for such legislation and with good cause. Boston has reached the point where pulling itself up by its own bootstraps financially is impossible. Only economizing, industrial growth, and state-wide taxation combined can enable the city to more than hold...
Your article neglected an important source of the repairman's business-the continued cheapening of American products. "Built to wear out" could be a motto for many modern gadgets; this is the sand on which the American economy seems to have built its Sputniked spiral...
Barchester in Russia. Then comes the switch. Stalin is posthumously purged by Khrushchev & Co., and the spiral of official truth spins into reverse. Simochka, it appears, was right all along. T.T. is back in the center of his absurd universe, and the bribes fly back from the terrified recipients. Thus Novelist Grinioff extracts ribald comedy from his central theme: under tyrannous government, humanity exists in the corruption of its officials. It is human crookedness that can best the inhuman game...
...many countries, such as the U.S. and France, the growing practice of tying wage rates to the cost of living, either by government decree or union-employer contract, gives speed and added momentum to the wage-price spiral. Formerly there was a time lag before wages adjusted to prices, during which time the price rise might be reversed, making a wage rise unnecessary. Today the process is automatic. One country questioning the practice is Finland. There escalator wages are considered a major cause of the inflation that is so severe that the Finmark had to be devalued on Sept...