Word: spiralling
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...have spent months trying to convince the military that staying out of politics is in its best interest. When the soldiers heeded the advice last week and sent Lafontant packing, Adams called it a "glorious day for democracy." Aristide should now have his chance to halt Haiti's long spiral into chaos...
...biggest risk is the prospect of a widespread bank collapse. The trigger could be a protracted war in the Persian Gulf, which could, in turn, deepen the recession and force debt-laden companies into massive loan defaults. Collapsing banks would aggravate the downward spiral by drying up credit and leaving taxpayers with another painful bailout bill. The disaster scenario may be plausible, but most experts doubt that bank failures will come close to the magnitude of the S&L fiasco, which will cost Americans as much as $1 trillion over the next 30 years. Despite the banking industry's problems...
...1970s and '80s, the average rent grew twice as fast as the average income. Manufacturing jobs disappeared: of the 12 million new jobs created since 1979, more than half pay less than $7,000 a year, and many provide no health insurance. One serious illness, and a worker could spiral into poverty and onto the streets. Meanwhile, a 1981 change in welfare laws meant that a quarter of a million families with children lost all their public assistance, and an additional 200,000 had benefits reduced...
Mindful that the failure could unleash a spiral of protectionism, delegates from the 107 participating nations consented to a cooling-off period. They will meet in Geneva early next year in a final push to salvage something from their tiring and often tempestuous talks...
Each time our term-bills arrive, we are newly discouraged by the high expense of our education. The increasing cost of an education--which seems to us not an economic right alone--is an immoral spiral. "Immoral" is an appropriate word to describe some of Harvard's expenditures which add to our monthly nightmare...