Word: tailspinning
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Boesky's latest pleading continues the seven-year tailspin that started when he was caught by the Securities and Exchange Commission in 1986 in an insider- trading probe. A self-proclaimed vampire, Boesky was renowned as the "king of the arbitragers" in a high-risk game that thrived on the blood spilled by corporate raiders in the 1980s. Before he was caught, his net worth was estimated at more than $200 million. Though Boesky reduced his penalties by leading investigators to other investors who were profiting from insider information, including junk-bond king Michael Milken, he paid $100 million...
...uncannily adept at manipulating and conning people." David Jewell, whose former wife died in last week's fire, had a brief phone conversation with Koresh five years ago that left him in shock. "In 20 minutes, he took my entire Christian upbringing and put it in such a tailspin, I didn't know what I believed...
EVEN AS SEARS SLASHED ITS PAYROLL, THE RELENTless pace of layoffs and cutbacks sent America's commercial aviation companies into a tailspin. Faced with plunging airline orders, industry leader Boeing announced that it would cut production of its entire line of aircraft models, which analysts said could eliminate as many as 30,000 of the company's 130,000 jobs. At the same time, struggling McDonnell Douglas said it would slash 8,700 positions from the firm's commercial aircraft division, or 10% of the work force. And Pratt & Whitney, the jet-engine subsidiary of United Technologies, plans to pare...
...underlying cause of Major's free fall is his failure to deliver on his election promise to bring the economy out of its tailspin. As in many recession-struck nations, the popular mood has shifted toward a desire for more government action to stimulate growth, while many leaders are still stuck in a let-the-market-fix-it mind-set. Major's strict anti-inflation policies kept interest rates high, stifling any hopes for growth in business or for the recovery of the devastated property market...
...like voters, Wall Street can be fickle. The market is concerned that a Clinton landslide would give the Democrats too much of a license to tax and spend. Such a mandate could send stocks into a downward tailspin. On the other hand, bond market inflationary fears may be overblown. With unemployment high , and factory capacity low, sharp increases in wages and prices are unlikely...