Word: spiraling
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Dates: during 2000-2009
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...different story is drawing to a close: one that began with Bush standing defiantly atop a heap of rubble at ground zero and started its downward spiral when he stood before an ill-advised banner reading mission accomplished. At home, the pelting of the President led to more merriment than anger. Thus the plight of his Administration in its final days: unpopular at home and unloved even by those for whom it expended American blood and treasure to free from tyranny...
...bond market, such as the falling price of oil - it closed at $43.52 per bbl. in Wednesday's trading - and the progress of the auto-industry bailout, not to mention every gasp from the housing market. And then there's the elephant in the room: the downward spiral of economic activity, including last week's chilling November employment report, which showed 533,000 more people out of work - "one of the worst ever," according to Morgan Stanley economist Ted Wieseman. As the various industry bailouts - banks, auto companies, credit unions and, next, states - seek to reassure investors, collectively they confirm...
...Zimbabwe Downward Spiral...
...search for order." America's giant industrial monopolies, the progressives believed, were turning capitalism into a jungle, a wild and lawless place where only the strong and savage survived. By the time Roosevelt took office during the Great Depression, the entire ecosystem appeared to be in a death spiral, with Americans crying out for government to take control. F.D.R. did - juicing the economy with unprecedented amounts of government cash, creating new protections for the unemployed and the elderly, and imposing rules for how industry was to behave. Conservatives wailed that economic freedom was under assault, but most ordinary Americans thanked...
...Confidence is critical to economies, and to financial companies and markets in particular," Miller says. "And if getting together to discuss the situation and making cooperative statements promising to reverse the recent spiral of negativity with stability can help restore confidence, then the effort is probably worth it. But someone as smart as Sarkozy knows the effort to get an American President to submit a pillar of his economy to outside regulators just isn't going to happen...