Word: spiralling
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Dates: during 2000-2009
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...intelligence community seems to share that assessment. While still a "work in progress," the National Intelligence Estimate on Afghanistan, due out after the U.S. elections, portrays a country on a "downward spiral," says a Pentagon official who was briefed about the report. The key reasons: a revitalized Taliban, inadequate U.S. and NATO forces, the funds generated for the Taliban by narcotics, and a government so consumed by corruption and inefficiency that it cannot offer a reasonable alternative to the insurgents...
...announcement? Well, nobody dissented, for one thing. The five interest-rate cuts in the first half of this year all came in the face of no votes, as a hawkish minority on the Federal Open Market Committee (FOMC) worried that Fed Chairman Ben Bernanke risked setting off an inflationary spiral. Now everyone at the Fed seems to have come around to Bernanke's Great Depression-influenced view that it's a deflationary spiral that we really need to be worried about...
...throwing money at the economy's problems is not without risk, and it will be interesting to see whether the Fed is able to react quickly enough in the other direction when the economy finally takes a turn for the better, and avert the inflationary spiral that Bernanke's critics have been warning about all along...
...vivid, detailed account of the "blood-soaked disaster" that was the American Rocketbelt Corporation, Montandon reveals the underbelly of this single-minded quest. Brawls and lawsuits over "Pretty Bird" - a "cherry red" belt whose "silver tanks shone so brightly you could comb your hair in their reflection" - spiral into a sordid tale of murder, kidnapping and torture. After being sentenced to life imprisonment, one of the perpetrators, Larry Stanley - "paunchy, graying, defeated, and washed-up at fifty-seven" - tallies the price of his dream: "My search for the rocket belt has cost me more than half a million dollars...
...risk, as consumers like Calderon cut their spending, is that bad economic news begets more bad news. Bernanke recently called this the "adverse-reaction loop": as consumers spend less, the economy weakens more, unemployment rises, mortgage foreclosures increase, putting more pressure on the financial system, and on the downward spiral goes. Capital Economics' Ashworth acknowledges that the "scenario is out there. It can't be totally dismissed. This deleveraging process could get very, very scary...