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As both sides have argued over punishing reforms – the condition of further financial assistance – the Greek economy has nosedived, reversing much of the progress it made last year when it showed the first signs of emerging out of recession.
It inherited an economy that was recovering in May 2010, but confidence nosedived following its spending review in October last year and we've seen little growth since.
"The most pathetic sight was of the tank trying to climb up a dirt ramp built at the site, getting stuck, and then sliding sideways off the ramp like a drunken sailor," Mr Nawaz writes, implying that America was planning to deliver inferior equipment that was unsuited to the terrain.General Zia's plane nosedived as it was returning to the capital, Islamabad, and exploded on impact.
But orders for smaller jets have nosedived, forcing Cessna and Hawker Beechcraft, two American firms dependent on this end of the market, to make drastic cuts.
In Europe and America, after a flat August, freight traffic nosedived by 6.8 % and 6 respectively, the biggest declines since 2001.IATA's director-general, Giovanni Bisignani, says the industry's cumulative losses this year are likely to exceed the organisation's earlier forecast of $5.2 billion; airlines in America alone will lose $5 billion.
Heavily exposed to subprime mortgages and other assets that have nosedived amid the credit crisis, Lehman, the fourth-largest Wall Street investment bank, has had a torrid few months.
"TAIL-RISK" hedging was the talk of Wall Street in 2008 after global markets nosedived and traumatised investors tried to figure out how they could protect themselves from extreme or "black swan" events those well outside an ordinary distribution of outcomes that cause massive losses.
On January 12th a lock-up of shares will expire, making it likely that some of the 21 Italian investors which have supported the firm since 2008, will sell their holdings—at a time when the airline badly needs help.When Alitalia nosedived into administration five years ago, it was kept airborne by the Progetto Fenice ("phoenix project").
Prices for vanilla, once the traditional export, have nosedived.
Its share price has nosedived, and it is looking at shedding flights, including those from a number of coastal Chinese cities.
Fiji plays world-class rugby and has excellent players abroad.After the 1987 coup, when Colonel Sitiveni Rabuka seized power from a predominantly Indo-Fijian regime, the economy nosedived.
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