Word: tailspinning
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...airline fares are behaving like a jetliner climbing out of a tailspin. After tumbling some 12% since 1981, the cost of flying has risen by about 10% in the past three years and by around 6% so far this year, even though passenger traffic has been flat. The price hikes have stirred the suspicion of the Justice Department, which launched an antitrust investigation into possible collusion among the nation's major airlines. The Justice probe is seeking to determine whether the fare hikes were economically justified or the airlines acted in concert to raise prices...
...Higher taxes are a prescription for more disaster, they are a prescription for sending an economy that is showing signs of softness into a real tailspin," Pierce said. "We will go back to a time when we will have 8, 10 or 12 percent unemployment...
...Government study concluded, however, that if foreign supplies were cut off oil prices would quickly skyrocket, inevitably sending the economy into a tailspin. Because production takes years to gear up, the U.S. petroleum industry could not fully make up the slack of the lost imports. Says John Boatwright, Exxon's chief domestic economist: "It's not a garden hose you can turn...
...amount of brio, Bush actually claims that his budget will produce a $92 billion deficit, $8 billion lower than the target. Were these numbers not so conspicuously off base, some economists would fear that slashing the current $170 billion deficit by $78 billion might send the economy into a tailspin...
...industry was floundering in its worst recession since the 1930s. One reason: since the mid-1970s, global demand for steel has stagnated at about 475 million tons a year, but mills have been producing an average 700 million tons annually. The huge oversupply sent prices and profits into a tailspin. In the U.S. the years of reckoning were 1982 through 1986, when losses amounted to $12 billion...