Word: spiraling
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...Brown, Newsom says California is in bad shape. But he adds that he will offer a more hopeful message than one anchored by austerity. "There are two ways to respond to our current crisis," Newsom said. "One, we can cut our way out. But then we enter a downward spiral of disinvestment. The other is, we can grow our way out of our problems. That's where I am. This state has such amazing capacity for change, for economic development. We need a strategy to grow." (Watch a video about gay marriage in California...
...regional airline, Flybe, to the commuter partner of Continental, airlines have ordered 131 so far this year, more than doubling last year's orders. Bombardier's deliveries of its Q Series turboprop (Q stands for quiet) were up 71% last year. And Europe's ATR was in a death spiral when the market gave it lift; ATR's sales jumped 100% for its 42-seater (ATR 42-500) and 157% for its 72-seater...
This kind of behavior, contends McCulley, is what the paradox of thrift demands. "Uncle Sam has got to go the other direction and lever up his balance sheet and actually spend money," he says. Simply standing by and letting the downward economic spiral worsen strikes him as "inconsistent with a civilized society...
Could this be the world's most alluring airport hotel? Aesthetically, it's got the requisite wow factor, thanks to its sensuous chocolate-colored, polished-plaster foyer with a subtly lit, fiberglass staircase sweeping up into a spiral. And its location at Farnborough Airport in Hampshire, England - fast becoming the main European hub for private aviation - adds undeniable cachet. The hotel's opening in August was smartly timed too, pre-empting the centenary of the first officially recorded powered flight in Britain, made by Samuel Franklin Cody at Farnborough in October...
Similar measures to "buy American" have been adopted or considered in Argentina, China, Indonesia, Ecuador, India, Russia and Vietnam. Pascal Lamy, director-general of the World Trade Organization, warned on Feb. 2 that any go-it-alone route would foster a spiral of retaliation. "Today we run the risk of sliding down a slippery slope of tit-for-tat measures. It was Mahatma Gandhi who said 'An eye for an eye makes the whole world blind,' " Lamy said...