Word: spiral
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Dates: during 2000-2009
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...Dubai tennis tiff could very well be just the beginning of a serious downward spiral in diplomatic relations between Israel and the rest of the Middle East. After years of gradually easing tensions following the Camp David accords, Israel's relations with even moderate Arab countries have become increasingly brittle since the Gaza conflict and could easily worsen. (See pictures of Gaza border tension...
...Brown, Newsom says California is in bad shape. But he adds that he will offer a more hopeful message than one anchored by austerity. "There are two ways to respond to our current crisis," Newsom said. "One, we can cut our way out. But then we enter a downward spiral of disinvestment. The other is, we can grow our way out of our problems. That's where I am. This state has such amazing capacity for change, for economic development. We need a strategy to grow." (Watch a video about gay marriage in California...
...worked "with the grain" of E.U. rules and maintained the integrity of the single market. "Some think that retrenching within their own group, their own region, their own country is the right response," he said. "But this carries the risk of unilateral reactions leading to a vicious downward spiral...
...regional airline, Flybe, to the commuter partner of Continental, airlines have ordered 131 so far this year, more than doubling last year's orders. Bombardier's deliveries of its Q Series turboprop (Q stands for quiet) were up 71% last year. And Europe's ATR was in a death spiral when the market gave it lift; ATR's sales jumped 100% for its 42-seater (ATR 42-500) and 157% for its 72-seater...
This kind of behavior, contends McCulley, is what the paradox of thrift demands. "Uncle Sam has got to go the other direction and lever up his balance sheet and actually spend money," he says. Simply standing by and letting the downward economic spiral worsen strikes him as "inconsistent with a civilized society...