Word: tailspinning
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...immediate cause of the trouble is the A380, a $14 billion, 555-seat, double-decker plane that is one of those bet-the-company ventures, so beloved by the aerospace industry, that either succeed spectacularly--as the Boeing 747 did--or risk sending a firm into a tailspin. Remember Lockheed's L1011? Mechanically, the A380 works. But Airbus has had to tear up its delivery schedule several times because of nagging manufacturing problems, primarily involving wiring. That has enraged launch customers; some have canceled their orders. FedEx and UPS walked, which killed the cargo version of the plane...
...them of how it feels to have a 103° fever. A few degrees above normal can mean the difference between life and death, species survival and extinction. And a few actions on our part could make the difference between a healthy planet and one that falls into an environmental tailspin. The time has come for action. The earth's future is in our hands...
Jean-Cyrill Spinetta recalls the dark days of 1997 when he took command of financially strapped Air France, charged with pulling the airline out of a tailspin of labor unrest and a half-decade of losses. A growing number of French customers, long accustomed to work stoppages, viewed the airline with distrust and scorn. "When people start looking at their own flag carrier as unreliable, you've really got a problem," says Spinetta...
...turns out that despite its 1.7 million lines of computer code on board, there was nothing telling the jets what to do when they crossed the International Date Line. That sent their avionics into a electronic tailspin. GPS receivers on the planes use signals from orbiting satellites to determine their location, altitude and speed, and require precise time and dates to work. "The International Date Line is the imaginary line on the Earth that separates two consecutive calendar days," the U.S. Naval Observatory says on its website. "That is, the date in the Eastern hemisphere, to the left...
...more sensible explanation for the panicked reaction in other markets to the tailspin in Shanghai is that it was simply an excuse to take some money off the table. The Dow Jones industrial average, for example, had recently hit all-time highs, having gone up for five straight years as American corporate profits soared. There hadn't been a single day in nearly four years in which U.S. stocks had fallen even 2%, an unusually long absence of volatility. Likewise, global markets from India to Singapore to Russia had been on a historic tear. Against this backdrop, China's sudden...