Word: tailspinning
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Dates: during 2000-2009
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...turns out that despite its 1.7 million lines of computer code on board, there was nothing telling the jets what to do when they crossed the International Date Line. That sent their avionics into a electronic tailspin. GPS receivers on the planes use signals from orbiting satellites to determine their location, altitude and speed, and require precise time and dates to work. "The International Date Line is the imaginary line on the Earth that separates two consecutive calendar days," the U.S. Naval Observatory says on its website. "That is, the date in the Eastern hemisphere, to the left...
...more sensible explanation for the panicked reaction in other markets to the tailspin in Shanghai is that it was simply an excuse to take some money off the table. The Dow Jones industrial average, for example, had recently hit all-time highs, having gone up for five straight years as American corporate profits soared. There hadn't been a single day in nearly four years in which U.S. stocks had fallen even 2%, an unusually long absence of volatility. Likewise, global markets from India to Singapore to Russia had been on a historic tear. Against this backdrop, China's sudden...
...more sensible explanation for the panicked reaction in other markets to the tailspin in Shanghai is that it was simply an excuse to take some money off the table. The Dow Jones industrial average, for example, had recently hit all-time highs, having gone up for five straight years as U.S. corporate profits soared. There hadn't been a single day in nearly four years in which U.S. stocks had fallen even 2%, an unusually long absence of volatility. Likewise, markets from India to Singapore to Russia had been on a historic tear. Against this backdrop, China's sudden return...
...Last season, following a sweep at home to the Tigers and Quakers, the Crimson was swept the next weekend by the Bears and Bulldogs, sending the team deeper into a tailspin that lasted eight games and only ended with a win in the season finale against Columbia...
...economy is overextended. "For the moment it looks like there is only marginal overheating," he says. That's very different from the situation in 2000, when massive overinvestment in technology around the world created the Internet bubble. When that popped, it sent global financial markets and economies into a tailspin. Today, though, Cotis sees the issue as "an idiosyncratic problem in the U.S. spilling over only moderately to the rest of the world." But he adds: "We need to watch what happens very carefully...