Word: spiralling
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Last week Sheik Ahmed Zaki Yamani, the Saudi oil minister, issued a stern warning. Without a new agreement to curb production, Yamani said, "there will be no limitation to the downward spiral that may bring crude prices to less than $15 per bbl., with adverse and dangerous consequences for the whole world economy." The threatening words pushed prices into a free fall. North Sea oil dropped to $17.70 per bbl. before recovering a bit to finish the week...
More recently, labor costs grew too quickly. While Pan Am and United have withstood expensive strikes in order to win cost concessions from their workers, Eastern has kept flying by allowing salaries to spiral upward. Since 1979, in fact, pay for the carrier's employees has risen by 50% or more. One result: Eastern's pilots make an average of $112,535, while their counterparts at People Express are paid...
...moment, though, the market and not OPEC clearly sets the price of world oil. If the cartel tries to roust its rivals by cutting prices, OPEC may set off a downward spiral that it will be powerless to stop...
PROVIDENCE, R.I.--Crimson quarterback Brian White dropped back to pass in the second quarter Saturday and spotted split end Mike Madden open nine yards downfield. White hung tough under heavy pressure, and jetted a spiral towards Madden...
...reasoning behind the spiral of political activism desired by many Harvard members is still mostly cloudy. Many members of our community do not seem prepared to relinquish their scholarly claim to independence as they push for increased Harvard interaction with the community. It appears that many Harvard members believe you can have your cake and eat it, too, as long as you shelter behind the protective shield of veritas...