Word: spiraling
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Dates: during 2000-2009
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...critics as his trying to reverse the election results and force Roosevelt to agree to an agenda that would have effectively gutted the New Deal. Hoover's defenders, meanwhile, saw him as a "man on the verge of victory," notes biographer Richard Norton Smith, "who had arrested the downward spiral only to see it slip out of control through the irresponsible behavior of his successor...
...rushing to help, according to an Interior Ministry official. The estimates numbered the dead from 25 to 31, with some 70 people wounded. It was the deadliest attack in months, but nothing like the devastatingly lethal blasts during Baghdad's darkest days, when death tolls would rapidly and routinely spiral into the hundreds. In a macabre way the blast was both a reminder of how infrequent such attacks have become but also how unstable the country remains...
...Some economists - for now a minority, to be sure - believe the U.S. is at serious risk of a deflationary spiral, even if just a quarter ago, inflation was above the Fed's comfort zone of 2% to 3%. "Compared to Japan's problem a decade ago, this crisis is unfolding much faster and spreading wider due to financial globalization," says Shanghai-based independent economist Andy Xie. A financial system unable or unwilling to lend, a tapped out U.S. consumer, and business now retrenching - and laying people off - all are a formula for possible deflation. What's so wrong with declining...
...bring yields on both long- and short-term maturities down. Further, Fed chairman Ben Bernanke went out of his way recently not to object to the possibility of further fiscal stimulus from Congress. In other words, the Fed is throwing everything but the kitchen sink at avoiding a deflationary spiral, and it's doing so more quickly than its counterparts in Tokyo did a decade ago. Disinflation - diminishing inflationary pressure across the board - is healthy for the U.S. economy. Deflation is something the U.S. doesn't want to see. And the Fed knows that better than anyone...
...history, and the private sector is growing. But such good news is easily undermined by the increasing insecurity and Afghanistan's rampant corruption. Ashraf Ghani, a former Finance Minister, says his nation has reached a fork in the road. "It is not inevitable that we go to that downward spiral," he says. "If we take the right road, we can get to the destination of a stable and eventually prosperous Afghanistan...