Word: tailspinning
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Dates: during 2000-2009
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Dubai, the Arab world's glittering, golden embodiment of capitalism, is broke. On Nov. 25, the emirate announced it would postpone payments on some of its $80 billion in debt, sending markets into a tailspin...
...Military Relations Over the past 10 years, military incidents have shown the greatest potential for sending Sino-U.S. relations into an unanticipated tailspin. The U.S. bombing of the Chinese embassy in Belgrade in 1999 and the collision of a U.S. spy plane with a Chinese fighter near China's southern Hainan Island in 2001 both sharply increased tensions between the two sides. This March, Chinese vessels confronted a U.S. Navy surveillance ship that was surveying an area about 75 miles off Hainan, an area many nations consider international waters but China claims as part of its exclusive economic zone...
...Millions of foreclosures have sent America’s economy into a tailspin,” Donovan said at the speech. “The nature of this crisis has revealed the need for a new direction...
...just one factory or one industry. If that factory or industry is wiped out by the global economic downturn - as Pikalyovo's was when the price of cement dropped and Deripaska's company Basic Element put half its workforce on forced leave - the whole town is sent into a tailspin. (See pictures of the global financial crisis...
While it struggled to pull the economy out of its tailspin, the White House and Congress paid fitful attention to culture, not all of it welcome. During the debate in February over the federal stimulus package, the Senate passed a version of the bill that explicitly barred money from theaters, museums and other arts groups. Though that provision was removed in the final version, it impressed on the arts community that it had to remind leaders that "real people" work in their sector of the economy, which provides 5.7 million jobs and nearly $30 billion in tax revenue...