Word: spiraling
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...after the disputed December 27 vote. "We all have multiple identities but I hope you see yourselves as Kenyans first," Annan said. "To the leaders gathered here today, I say that the people want you to take charge of the situation and do whatever possible to halt the downward spiral that is threatening this beautiful and prosperous country...
Indeed, the fear was that the violence would begin to spiral out of control into a cycle of ethnic attacks as members of Kenya's different ethnic groups act on grievances they have harbored for decades over land and the perceived inequitable distribution of resources. That, in turn, could sink Kenya's economy, whose chief engines are horticulture, tourism and tea. All three industries have been crippled...
...stock futures in European markets. He earned a salary of about 100,000 euros (about $147,000). In his new job, he began trading far beyond his responsibilities, racking up debts as global markets gyrated. To cover his losses, he created complex fictitious trades, until the losses appeared to spiral out of control. Said Kinner Lakhani, a London-based analyst for the Dutch bank ABN Amro, who covers Société Générale: "It was out of the realms of anyone's expectation...
...would defeat the purpose of the stimulus. Bush, for example, proposes to pump about $145 billion into the economy through tax cuts of various sorts. This is a classic Keynesian stimulus, and the whole purpose of that is to increase demand in the economy. Instead of a self-feeding spiral downward?I get laid off and can't pay my mortgage, so the bank fires you, and you don't buy a new TV, and so on?we get a self-feeding spiral upward: I take my government check and buy that new TV, Best Buy has the money...
...superlow interest rates set by the Fed, though, households plowed on, and for the first time ever, consumer spending kept rising during a recession. It continued rising afterward, much faster than incomes, with Americans paying for the difference by taking on more and more debt. That debt spiral is now unraveling, and the ensuing credit crunch could crimp spending for years...