Word: franticness
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...began early in the week, when both Exxon and U.S. Steel announced lower second-quarter earnings. Then on Wednesday came a shocker from Bethlehem Steel, which reported an operating loss of $75.4 million for the first half and cut its dividend. With that, the slide turned to slaughter: in frantic trading, the Dow plunged almost 20 points. For the week, it closed down 33 points, at 890.07, almost 10% below its January level...
...commodity when they see one. He is booked up solid for the next two years and could go for six just by saying yes often enough. "Sometimes I feel like I'm in Fellini's 8½," he says, throwing his hands in the air like a frantic juggler. "What do I do? What do I do? What do I do?" He adds quickly: "I'm in control. I am busy because I want to be busy...
...about two years coffee drinkers have bitterly watched prices jump from $1.46 a Ib. to more than $4. A crop-killing frost in Brazil in 1975 touched off frantic bidding by buyers who feared a shortage; several coffee-producing countries aggravated the rise by increasing export taxes on the beans. Now the U.S. Department of Agriculture forecasts that Brazil, which normally grows about a third of the world's supply, will harvest about 17 million bags of beans in the crop year that begins Oct. 1-not far from double the 1976-77 crop of 9.5 million bags...
Then there is the almost legendary story of the calm, collected Fairbank and his frantic graduate student who could not manage to turn in his thesis. After Fairbank's usual strategy of telephoning the delaying student at 8 p.m. on Sunday failed to persuade him to work a little faster, Fairbank showed up at the student's home at that ungodly hour--to pay a visit. (Ungodly, that is, for the grad student; for Fairbank, who is always home by 10 p.m. no matter what the occasion, it was the middle of the morning.) Fairbank noticed a mass of typewritten...
...megalomaniac bent on re-establishing the Persian empire by military conquest, and secretly developing a nuclear arsenal with which to blackmail his Arab neighbors. By story's end, the Western world is in shambles, with America's banks engulfed in a depositors' panic, supermarkets emptied by frantic hoarders, and half the world's oil reserves contaminated by nuclear fallout...