Word: spiralling
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...least the buildings planned for the Times Square area are eclectic. Two are glassy towers designed by late-modernist architectural stars -- one a rather awkward quasi-spiral by Kevin Roche, the other a larger, more elegant tower by Charles Gwathmey. Both, although not their architects' best work, look to be at least as good as the run of new commercial buildings in Manhattan...
...Basically the scheme was undone by its own success. When the stock market began to dive, all the portfolio insurers started selling futures at once. As the price of the futures collapsed, the stocks followed suit. That triggered further selling by the portfolio insurers, reinforcing the downward spiral. One of the biggest, Wells Fargo, sold $1.6 billion in futures on Black Monday alone. This was more than the market could absorb. Says Capital's Kirby: "It's like a guy driving into a parking lot with the Queen Mary and asking, 'How come these guys haven't provided a space...
...Brady report identified portfolio insurance and index arbitrage as culprits in the Oct. 19 crash. Desperate to cut their losses when the stock market began to fall, money managers sold huge numbers of futures contracts. So many traders were following the same strategy that the downward spiral of prices accelerated in both New York and Chicago, and everyone got burned...
...peculiar physiological shifts as the nights lengthen and the weather turns cold. A pallor sets in around the cheeks and jaw, the hair becomes dishevelled, and exhaustion and bad breath replace the generally sunny, if somewhat offstandish, demeanor. As the progress continues, cause feeds on effect, creating a downward spiral of personal appearance and emotional well-being...
...major objection to SDI," Nixon wrote, was "because he believed that if SDI went forward there would be a massive spiral in the arms race." Once again, Nixon's memo implied that he agreed with Gorbachev, and he urged Reagan to consider a strategic arms deal that would protect the U.S.'s right to continue "purposeful research" in SDI while trading restrictions on deployment for reductions in Soviet missiles...