Word: careening
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...Heene family had a keen interest in meteorology and looking for extra terrestrials, which might explain the unique, saucer-shaped design of the family's makeshift craft. Still, the balloon was reportedly never designed to have passengers aboard, a fact that was clear to anyone who watched it careen erratically across the Colorado skies. After almost two hours of nearly continuous coverage of the balloon's flight, it appears the incident will result in little more than an afternoon of media frenzy. The Heene family may share a hobbyist's appreciation of ballooning, but surely they'll be grateful that...
...early years of the Depression, in fact, were marked by repeated periods during which the economy seemed to stabilize, only to careen further downward - usually as the result of some new spate of bank failures. Since March, the economy has clearly been stabilizing, but there's no guarantee that trend will continue. The data lately have been mixed - today, durable-goods orders were up by more than expected, while new home sales were down by more than expected. So the Fed remains in a holding pattern, one that Goodfriend expects will continue for months...
What Citi's history illustrates is that these are not new dilemmas and that they've never been perfectly resolved. Banks and financial systems are inherently fragile, beset by a natural tendency to careen from fear to greed and back. We're deep in the fear part of the cycle right now. So what should government...
...entirely. It shouldn't be stopped, and going forward, a major priority for regulators will be averting such lending binges--as new, tougher mortgage rules from the Federal Reserve aim to do. But at the same time, many on Wall Street and in Washington fear that the correction could careen into an economic cataclysm. That's why the Fed has intervened at the top of the financial food chain by cutting interest rates and bankrolling a shotgun takeover of the investment bank Bear Stearns. And it's why there's been lots of talk in Washington about doing something--anything...
...deft caricatures of types that would have been glorified in 19th century England, these four “flowers of progress” careen through “Utopia, Limited” with unreserved joy, building up the military, transforming the Utopian monarchy into a totally commercial state—hence the title—and swiftly seducing all three of the King’s daughters...