Word: fear
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...know it? And what, exactly would that Apocalypse look like? Given the existence of the FDIC and the activist stance of the Federal Reserve, it's hard to envision a 1930s-style breakdown in which banks shut their doors and depositors lose all their money. I think the fear is of a situation where lending to both businesses and individuals stops almost completely, which would lead to a pretty sharp downturn. Not nearly as bad the Great Depression, but the worst we've seen since then...
...fear is that in the long term with a very expensive war, and perhaps a very expensive bailout, and a recession that decreases tax revenues, it will be very hard to get the kind of funding into science and engineering that is absolutely needed,” said Harvard Provost Steven E. Hyman, who is a member of the Coalition for Life Sciences, which advocates for the NIH budget...
...there are many reasons mass-market business reporters might not answer this question of degree. Maybe nobody really knows. (In which case, they have an obligation to say unambiguously: nobody really knows.) Maybe they fear creating a panic, and at the same time fear not having anticipated a disaster if it happens, so they cover all bases, leaving their audience confused in the process...
...UPDATE: Separate but related: Maybe they fear that describing consequences will seem like they're advocating an action, which will in turn seem like bias - in which case, it's a classic instance of letting the appearance of "balance" get in the way of actual, vital information...
...light of the several recent crimes close to home, it seems clear that students walking through Cambridge at night are not, in fact, entirely adept at keeping themselves safe. This is not to say that we should live our lives in constant fear of silent attackers. But if we hope to prevent further violence in the future, we must recognize the reality of safety on and near campus. Yes, it’s easy to blame the victims—until that victim...