Word: tailspinning
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This is no less true for White House stories. And these days, the subtext of Bush stories has become: His campaign is in a tailspin...
...shareholder revolt. Last week angry institutional investors prompted the unceremonious ejection of Sir Roland Smith as chairman of British Aerospace. Smith had come under criticism for a lone-wolf management style and moves into such recession-vulnerable businesses as real estate and automaking. As profits went into a tailspin during the past six months, Smith sought to raise fresh funds with a new stock issue. But word leaked to the press, and shareholders feared a dilution of their stock. The investor backlash inspired the company's board to dump Smith. Such quick response to shareholder unrest is unusual in Britain...
...market is in a tailspin, but no one would know it from the attention lavished on one item auctioned in Manhattan last week. Objet-Dard, a 1962 Marcel Duchamp bronze casting owned by the estate of the late graffiti artist Keith Haring, was listed in the Christie's catalog at a cautiously low estimate of $8,000 to $10,000. (The title of the frankly phallic piece is a pun on objet d'art, substituting the French word for dart.) In a matter of seconds, bids for the 8-in. work soared into six figures in a battle between...
...recession, and they figured things couldn't get any worse. They were wrong. With bombs falling in the Middle East and the world economy almost motionless, this year is shaping up as an even bigger disaster. From passenger airlines to aircraft makers, the aviation business is in a tailspin. Losses and failures are mounting, planes are flying half empty, and the transatlantic fare war is certain to create more ruin. Says Lee Howard, chief executive of Airline Economics: "This is the most serious crisis in the history of the airline business...
After Gorbachev's accession to power, doctrinaire communism went into a six- year tailspin. But the turmoil of recent months has given the cause fresh life. Many of the party's new vanguard deny they want to turn back the clock, and yet the Kremlin has begun targeting for investigation prominent private businessman Artyom Tarasov, a self-made Moscow tycoon...