Word: tailspin
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Dates: during 1980-1989
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...single day of trading. A sharp slump in bank issues helped drive the Dow Jones industrial average to 1103.43, its lowest level in 15 months. In bond trading, prices also sank. Elsewhere, sell-offs rocked the London Stock Exchange, and the high-flying U.S. dollar went into a steep tailspin...
Luckily, Harvard wrestling has a chance to come out of its tailspin. The future is not too bleak; the team is too good to fold. The formula is simple...
...some of them negative, for Democrats: "You can end up with a situation where the voters say, 'If you want to fight it out, go do it alone.' " Unfortunately, this is not always the reaction. In the Iowa Governor's race, Democrat Roxanne Conlin ended a tailspin in the polls after she introduced ads charging that Republican Terry Branstad as a state legislator had voted against helping the handicapped. Says Conlin Aide Jill Wiley: "Negative is quick...
...feast-or-famine mercies of economic panics." Explains liberal Economist Walter Heller: "When recession cuts revenues and boosts jobless pay, the resulting deficits help restore purchasing power and promote recovery. Trying to prevent such deficits by boosting taxes and slashing budgets would simply throw the economy into a deeper tailspin...
...costs still further got him into a losing fight over work-rule changes with the company's unionized workers, most of whom are members of the United Auto Workers. This led to a costly six-month-long strike in 1979 that sent management-labor relations into a tailspin...