Word: tailspinning
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...While Aso's star turn at the G-20 could help Aso at the polls, the fate of his administration will more likely be decided by his ability to pull Japan out of its economic tailspin. The public's lack of confidence in the government's handling of the economy has benefited the opposition party, the Democratic Party of Japan (DPJ) - so much so that it could wrest control of government from Aso's ruling Liberal Democratic Party (LDP) for the first time in decades in the next general election. There has been speculation that Aso might call an election...
...Thursday, telling House Democrats at a retreat in Virginia that Republicans who have been pushing amendments to add more and more tax cuts to the legislation want to return "to the same policies that for the last eight years doubled the national debt and threw our economy into a tailspin." His growing frustration with the stalemate was echoed by Senate majority leader Harry Reid, who insisted that the bargaining could only go on for so long before he would bring the package to the floor for a vote. "As I have explained to people in that group, they cannot hold...
...Warren Buffett. No, the economy’s in a tailspin. Barack Obama. No, Malcom Glenn [President of The Harvard Crimson]. I’ll say he’s the love of my life. I think that Glenn’s a lot wiser than Buffett and a lot more charismatic than Obama...
...recession-induced declines in tax collections. The spending on the wars in Iraq and Afghanistan should be ended, not prolonged, saving at least 1% of GDP. We'd still probably be close to $1 trillion (perhaps 6.5% of GDP) shy of budget balance. With the economy in a tailspin, deficit financing of up to $1 trillion could make sense, but it's a fleeting option because foreign nations have lost confidence in the U.S. economy and currency...
...pieces by neighbors competing for the prize), one drifted into the East River, and one floated out to sea never to return. Stubbornly, Macy's tried the balloon release again, but in 1932 an errant balloon wrapped itself around a passing airplane's wing, sending it into a tailspin. The balloon release plan was abandoned in 1933, the same year that parade attendance hit one million...