Word: tailspins
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...Harvard baseball team’s tailspin continues. The Crimson (1-21, 0-6 Ivy) suffered its third straight doubleheader sweep to open the Ivy League campaign—its 14th and 15th consecutive losses overall—yesterday at O’Donnell Field, as visiting Penn (11-11-1, 2-5-1) shut it out over the course of 16 innings, taking the opener, 10-0, and the nightcap by a 5-0 final. At 0-6 in the Ivies, Harvard is already six games behind Rolfe Division leader Dartmouth (7-1) in the standings and could...
Many of the forces that initially sent the economy into a tailspin in 1929 and 1930 have been at work in the 2000s as well: a stock-market boom turned bust, a real estate boom turned bust, unprecedented levels of consumer debt. The reason they haven't metastasized 1930s-style is that this time around, the Federal Reserve has acted forcefully, whereas in 1930 it was a spectator at the national train wreck...
...Romney, the Harvard M.B.A. and longtime venture capitalist, has always been more comfortable talking about economics and solutions than social issues or foreign policy. With its punishing 7.4% unemployment and its automobile industry in a tailspin, Michigan was as friendly an environment as he was likely to find. It is one of only two states in the country that lost population last year, as job seekers fled elsewhere, and the only one in the country with a shrinking gross domestic product. Macomb County, whose swing voters were the original "Reagan Democrats," once led the state in housing starts...
...dollars, which they funneled into U.S. Treasury bills, attracted by the dollar's long-term stability. This arrangement benefited the U.S., providing it with a bountiful source of buyers willing to fund its debts, despite the relatively low interest rates on offer. But with the U.S. currency in a tailspin, dollar-denominated assets are less alluring than they once were...
...come for many clients, and it isn't pretty. "Once those introductory rates end, all of a sudden between the mortgage, the new car note and the big charge card payments, there's not enough money in the pot," he says. "It throws them into a complete tailspin...