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And the poorer men are getting caught in a vicious circle.
Some institutions are already getting caught in a vicious circle: the bigger they grow, the more money they require.
"The risk is that we are going to get caught in a vicious circle, with rising unemployment leading to cutbacks in spending which lead to further job losses," Mr. Dudley said.
This raises the possibility that OS/2 - and, with it, IBM's partnership with Microsoft - will get caught in a vicious circle, much like DOS got caught in a virtuous one.