Word: spiralling
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Dates: during 1960-1960
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Whenever the experts look at inflation, the general assumption is that the cost-price spiral is an economy-wide phenomenon to be blamed on all industry. This assumption, says Professor Charles L. Schultze of Indiana University, is a mistake, and is one reason why the U.S. knows so little about inflation; economists do not study it closely enough. In a report issued last week by the Committee for Economic Development, Economist Schultze goes after the inflation problem industry by industry with prices, cost and output data for each. His conclusion: sharp inflationary pressures in only a few industries were responsible...
...model of DNA's structure worked out by F. H. C. Crick of Cambridge University and J. D. Watson of Harvard, long strands of atoms are coiled together to make a spiral. Pairs of molecules called "nitrogen bases" connect the coils, which unwind in the process of duplication and assemble themselves on new strands. A series of experiments done a year ago at the California Institute of Technology, after which Sueoka patterned his experiments, supports this hypothesis...