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spiral |
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While the mayor eggs on striking unionists to demand more from their employers, public or private, the city spirals downward with declining services, deteriorating neighborhoods and the flight of businesses and jobs. Ironically, as the Coalition spirals downward, its former director, Ralph Reed, is a rising star in the Republican Party. Although the exercise creates ordinary (compensation) income, if the per-share price spirals downward during the period within which the employee is restricted from selling the stock, the ultimate sale will cause the employee to recognize a capital loss. |
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