Word: hysteria
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...recent weeks by waves of panic buying ; that have periodically cleaned shelves of sugar, milk, flour, matches and other staples. As a Moscow housewife sheepishly confesses, "My kitchen is loaded with cereals, and my bathroom is piled with soap. I can barely turn around in my apartment." The hysteria often reflects fears about the future, but it creates immediate problems...
...larger consequence of the new policy for the United States is that it signals the end of decades of misguided hatred toward the Vietnamese. American policymakers never fought North Vietnam and Vietcong; for muddled officials caught up in the hysteria that was the Cold War, these were just a proxy for the real enemy--the Soviet Union...
Find a strong issue and make money unimportant. In one of this year's strongest surprise showings, little-known Republican challenger Christine Todd Whitman almost unseated Sen. Bill Bradley (D-N.J.) on a wave of anti-tax hysteria, fueled by the unpopularity of Democratic Governor James Florio. Whitman's strong showing is obviously pleasing to Republicans, who despair of unseating congressional incumbents and their powerful fundraising machines...
...Gainesville's normally busy taverns are eerily quiet, while many stores report a run on handguns, Chemical Mace, dead bolts, baseball bats and even broomsticks that residents are using to secure windows and doors. Fueling the hysteria are unconfirmed reports that the killer sliced off and carried away flesh from some of his victims. Says sheriff's department Lieutenant Spencer Mann: "People are calling in when they hear a branch knock up against the side of their house." Until the killer is apprehended, the good times in Gainesville are over...
After all the gloomy forecasts, all the frenzied selling of the first few days, the mood of the world's financial markets brightened a bit last week -- from near hysteria to mere anxiety. War could still erupt in the Persian Gulf; oil prices could remain relatively high. Yet for the moment it appears that ahead lies not a global depression of historic proportions but an old- fashioned recession -- painful, though probably not fatal. Saddam Hussein's oil shock has not destroyed the foundations of the world economy, but it has exposed serious weaknesses in the beams...