Word: spirals
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Both Owen and North, however, suspected that contra suppliers were dealing in narcotics. After a conversation with Owen on Aug. 9, 1985, North scribbled a message in the spiral notebook he used as a diary: "DC-6 which is being used for ((contra supply)) runs out of New Orleans is probably being used for drug runs into...
...primarily designed to let investors protect their portfolios against sudden market changes, especially in a form of trading known as portfolio insurance. But since the crash, they have been called speculative instruments that can whipsaw the market as a whole. Many experts argue that Black Monday's cataclysmic spiral was triggered by a panic sale of index futures by managers trying to shore up their holdings...
...first half-hour at the exchange, trading stops on all but three of the 250 listed Japanese stocks. "I've never seen anything like this," complains a trader. A downward spiral does not stop until 14.9% is chopped off the value ( of the Nikkei index. It is the worst one-day fall ever, eclipsing the 10% drop set off by the 1953 death of Joseph Stalin...
...some economists fear that a tighter job market will push up wages and launch a new inflationary spiral. In November 1979, the last time unemployment was as low as 5.9%, inflation was roaring ahead at a seemingly unstoppable 12% annual rate. The current consensus, however, is that the economy still has enough slack to keep that from happening. One reason: in addition to the 7.1 million people the Labor Department officially lists as "unemployed," an additional 1 million, classified as "discouraged," have given up looking for jobs but are still part of the country's available labor pool...
...Bork criticizes Griswold v. Connecticut, the Supreme Court decision which held that a law banning birth control violated a constitutional right to privacy. Since privacy is not mentioned in the Bill of Rights, how can a judge find such a right without subjecting the Constitution to a never-ending spiral of subjectity based more on personal views than on the Constitution's text? Only the most niggardly construction, Bork feels, can be based on truly neutral principles...