Word: spiralled
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Dates: during 1980-1989
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...embassy war between Paris and Tehran threatens to spiral out of control. -- After 38 years, Taiwan lifts martial...
Some of North's deceptions were neither humorous nor motivated by lofty concerns about saving anything but his own skin. He admitted taking "hundreds of pages" of papers and many of his spiral-bound notebooks out of secure NSC offices to his home in suburban Great Falls, Va. Noting that North had complained about the lack of security at his house, Liman asked why he would do this. Back came the up-front answer: "To protect myself...
...give the markets convincing evidence that he is free of influence from the White House." Without that evidence, foreign investment in U.S. securities, a crucial factor in underwriting the budget deficit, might well dry up. That in turn would undoubtedly lead to a vicious spiral of increased interest rates to woo back the creditors, resulting ultimately in a slowdown of economic growth and the doleful prospect of U.S. and possibly even global recession...
...fast-track careers of Novelists Jay McInerney, 31, and Bret Easton Ellis, 23, have intriguing parallels. McInerney's 1984 best-selling fictional debut, Bright Lights, Big City, chronicled the downward spiral of an unnamed young writer who delves into New York City's nightclub netherworld with the help of his fast-talking best friend, Tad Allagash. Next year Ellis' Less than Zero caused a publishing sensation with its stark portrayal of sybaritic youth in suburban Los Angeles. Both writers' books are currently being made into major motion pictures. And both writers are slated to come out with new novels within...
...latest round of the thrift fiasco began in 1980, when Congress last tried to make life easier for the savings institutions. At that time the industry was still reeling from the inflationary spiral that sent interest rates soaring and left the thrifts with billions of dollars of low-interest 30-year mortgages on their books. Congress tried to remedy the situation by allowing the thrifts to expand their business far beyond those traditional instruments into stock and bond investment as well as business loans, particularly in commercial real estate. At the same time, thrift deposits continued to receive federal guarantees...