Word: spiralling
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...Alan Greenspan really the root of all economic evil? Uh, no. By general agreement, the main jobs of the Federal Reserve are to halt financial panics before they spiral into depressions and to keep inflation from getting out of hand. The Fed has failed miserably at each of these tasks once--depression prevention in the early 1930s and inflation prevention in the 1970s. Under Greenspan, it took care of both pretty well. Brad DeLong of the University of California, Berkeley, an economist with no particular loyalty to the former maestro, estimates that of 36 significant interest-rate decisions during Greenspan...
...line at many newspapers and left many journalists waiting for a pink slip. Gloom and doom about the future of journalism has become the norm and, in the minds of many, Murdoch’s acquisition of Dow Jones is but another turn in journalism’s downward spiral. While such fears are understandable, we believe that, in the long term, news sources that strive for objectivity (even if they occasionally fall short) will always be valued in American society more than blogs and pundits that spin facts but rarely report them. Murdoch’s acquisition...
...TIME: What keeps you awake at night? Meles: It has always been fear - fear that this great nation, which was great 1,000 years ago but then embarked on a downward spiral for 1,000 years, and reached its nadir when millions of people were starving and dying, may be on the verge of total collapse. Now it's not a fear of collapse, I believe we are beyond that. It's the fear that the light which is beginning to flicker, the light of a renewal, an Ethiopian renaissance, that this light might be dimmed by some bloody mistake...
...scene, you could be forgiven for imagining this was a society at peace with itself, run by men who appreciated the arts, reconciled with the role of Islam in daily life. The brutality of the previous month receded in my memory. Perhaps Iran was not caught in a downward spiral after...
...regional airline, Flybe, to the commuter partner of Continental, airlines have ordered 131 so far this year, more than doubling last year's orders. Bombardier's deliveries of its Q Series turboprop (Q stands for quiet) were up 71% last year. And Europe's ATR was in a death spiral when the market gave it lift; ATR's sales jumped 100% for its 42-seater (ATR 42-500) and 157% for its 72-seater...