Word: downwards
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Nevertheless, all those mortgages that started the problem are still worth something. House prices are headed downward, but they're not headed to zero. What turned a simple price decline into a crisis that killed Bear Stearns was the way many financial firms (hedge funds and investment banks, especially) generate their profits: by making bets with borrowed money. To borrow that money, they have to put up collateral--for example, mortgage securities. Lately, many firms have been simultaneously beset by bets gone bad and skittish lenders' calling in loans or demanding more collateral...
Chalking up another loss, the Harvard men’s volleyball team (7-9) continued its downward slide against neighborhood rival MIT (22-10), falling 1-3 (30-22, 26-30, 28-30, 27-30) in Cambridge, Mass. last night. The Crimson’s losing streak is now at four games...
...weekly feature, “Stars—They’re Just like US!” showing Ben Affleck pumping gas and Kate Hudson at supermarket. Within a month of Britney’s Super Bowl commercial, the seeds were sown for our collective consumption of her downward spiral. “The genius of Bonnie Fuller’s new approach was that almost any picture of a celebrity doing something ordinary would do,” the article says. Goodbye privacy, goodbye solipsism...
...take classes at a local community college. Watterson discovered last year that she would be forced to deny many of her students the opportunity to take college courses because the state would no longer subsidize the costs for them. For one student she described, this meant a rapid downward spiral—one week the teenager was a happy and successful student, and the next she was on a bus back to Mexico. Thanks to an aggressive fundraising campaign, Watterson has managed to raise enough money to pay for these subsidies for her affected students for the next year...
...immediately occurs; It's because of AnnaSophia Robb's performance. When we meet her she's a closed-off and cynical girl. In her relatively short life she already witnessed a lifetime of human fecklessness, and we sense that she is on the edge of following her mother's downward path. Yet, stubbornly, she continues to love her. Better still, she reluctantly begins to bond with her uncle. He may have neither the life-skills nor the ambition to lift himself off the road to nowhere, but he is a good-natured man with the ability to make his niece...