Word: spiralling
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...that dismal news and more explained why the downward spiral of global stock markets is expected to continue - including Wall Street's return to the sub-7,000-point level it last visited in 1997. Some stock market analysts believe the Dow could actually dip under its 5,000 mark of 1995 if things get worse. Billionaire investment guru Warren Buffett warned his investors over the weekend that "the economy will be in shambles throughout 2009 - and, for that matter, probably well beyond". Still, Buffet went on to note that despite that terrible economic outlook overall, it "does not tell...
...that makes an immediate impression: a huge pale oblong of water, framed at one end by lavender bushes and olive trees. The view beyond takes in undulating fields, woods, hilltop churches and the distant peaks of the Appennines. Beside the pool is an ultra-contemporary pavilion with weathered-steel spiral staircase, leather sofas, library, espresso and ice machines, sauna and steam room. (See 10 things to do in Rome...
...Resisting of Cassandra Creep For weeks, Obama has reminded the nation of the fix it's in. He has spoken of the risk of downward "spiral," deepening "crises," potential economic "catastrophe" and the "big challenge" ahead. At the time, such language served a political purpose: to direct public pressure toward Congress to pass the stimulus, while making clear that the problems were inherited. But too much grim talk runs the risk of becoming self-fulfilling. As White House economists will explain, the worst fears of an economic spiral involve a self-perpetuating collapse in consumer confidence that leads...
...Dubai tennis tiff could very well be just the beginning of a serious downward spiral in diplomatic relations between Israel and the rest of the Middle East. After years of gradually easing tensions following the Camp David accords, Israel's relations with even moderate Arab countries have become increasingly brittle since the Gaza conflict and could easily worsen. (See pictures of Gaza border tension...
...worked "with the grain" of E.U. rules and maintained the integrity of the single market. "Some think that retrenching within their own group, their own region, their own country is the right response," he said. "But this carries the risk of unilateral reactions leading to a vicious downward spiral...