Word: amuck
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Dates: during 1980-1989
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While the price of diamond jewelry has remained relatively stable, the market for investment diamonds has collapsed because of speculation run amuck. In the late 1970s, dealers in Tel Aviv, one of the world's diamond-cutting centers, began buying bushels of stones on credit after the government subsidized interest rates at 6%. At the same time, global inflation was causing investors to dump paper assets like currency and stock, and buy tangible goods, particularly gold, real estate and gems. The cost of an investment-grade D-flawless diamond, which had risen from...
...1950s, the cards were hailed as harbingers of the computer age, a golden time when machines would take over the tedious work and free people for a fuller life. In the 1960s, though, the cards were transmogrified into the symbol of alienation in a society where machines had run amuck. The somewhat bossy injunction printed on the cards became a slogan of student rebellion: "I am a human being. Do not fold, spindle or mutilate...
...precedent, either thespian or tonsorial, is Frank Thring as Pontius Pilate in Ben-Hur. What he did to Charlton Heston the fellow in the blue blazer is doing to Port Charles, the town in which General Hospital is situated. Mr. Blue Blazer turns out to be Mikkos Cassadine, an amuck plutocrat who means to create "a brave new world." Wants to set the planet an example of his terrible power by freezing Port Charles into submission. Confused; consult TV Guide, which verifies program is General Hospital, not Flash Gordon...
...cocktails hung over Belfast. One youngster blew himself up as he tried to plant a crudely made bomb in that city; a Belfast policeman was shot to death. Another youth died during a riot-caused auto crash. The violence spread to the Irish Republic, where a Dublin gang ran amuck along fashionable Dawson Street, hurling rocks and debris through shop windows. Heavy police protection was given to scores of British Members of Parliament...
Natural gas is a prime example of federal regulation run amuck. During the 1960s and early '70s the Government limited the average wellhead price producers received for gas sold between states to below 200 per 1,000 cu. ft. At the same time, gas within producing states, where there were no price controls, was sometimes sold for more than $2. As a result, producing states enjoyed a surplus of gas, while the rest of the U.S. was beginning to suffer shortages. Few drillers were bothering to explore for gas that could be sold between states. The Natural Gas Policy...