Word: spirals
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...Upward Spiral...
...country faces immense challenges. Even before charges were filed against Estrada, sending the peso into a death spiral, economic growth had stalled while debt had soared to record levels, throwing new IMF relief into doubt. Graft and corruption remain endemic in the Philippines, and they were focal points in Estrada's trial. Century-old demands by Muslim secessionists for an independent Mindanao had quieted at the end of the previous presidency, Fidel Ramos', but flared anew under the erratic management of the Estrada administration. But that...
Unlike the electricity squeeze, the tight market for gas has less to do with misguided government than with classic boom-and-bust economics. In the late '90s, as the price of gas mirrored oil's downward spiral, few banks or drillers were willing to risk the capital to hunt for a practically worthless commodity. Now that the price has rebounded, the West Texas oil patch is hopping, with more rigs and prospectors hunting for gas than since...
...also dead, possibly from a head trauma so grievous that police could not be sure whether it was an accident, self-inflicted or a homicide. What is certain is that before and after his last race in March, Antley allowed his life to go into a spiral of methamphetamine and alcohol, turning him into a recluse. The police came to his ranch-style Pasadena home only after his brother flew from South Carolina to check on Antley. And the brother did so only after Antley's pregnant wife, who was living separately from him in New York City, said...
...better to identify the undergraduates best fit to take the reins of an organization than those who had braved the demands of the positions themselves? Unfortunately, this selection process, too, fell victim to the vices of Harvard students; especially in recent years, the SAC had degenerated into a nasty spiral of networking and back-scratching that provoked IOP Director Sen. David H. Pryor to dissolve the committee last month...