Word: overreaction
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Wall Street's heart-stopping tumble (the Dow is down more than 340 points from its Jan. 31 peak) came to a shuddering stop on the eve of Good Friday. President Clinton expressed confidence in the nation's economy and urged investors not to "overreact...
...There are police officers that do overreact, there are bigots in the police department," Lyons says...
Once their hearts stopped fibrillating, Bush's aides remembered that the primary deck is stacked heavily in their favor. "The real struggle," said a Bush official, "is not to overreact." Nearly all the contests during the next 30 days award delegates on a winner-take-all basis, virtually assuring Bush of a sweep. In states where delegates are apportioned according to the vote, Bush has his opponent hopelessly outorganized. Unless Buchanan wins somewhere soon, last week's burst will soon be a memory: G.O.P. rules require that a candidate must win a majority of delegates in five states before...
Some bankers are concerned that the government would overreact to the problem by piling on burdensome insurance premiums and new regulations that could make problems worse. Says Karen Shaw, a Washington-based banking analyst: "We could turn a safety net into a funeral shroud by wiping out the profitability of many of these banks." Testifying before the House Banking Committee, Federal Reserve Board Chairman Alan Greenspan argued against any immediate increase in the insurance premiums. Instead he favors increasing the amount of capital banks must keep on hand as a cushion against losses, since that safety measure might prevent many...
Government officials acknowledge that the scientists have a point. Says Charles Elkins, director of the EPA's office of toxic substances: "I would agree that in many cases removal is the wrong thing to do. It is a mistake for people to overreact. But it is also a mistake to say that asbestos is not a problem." In some situations, he says, simply blocking off an area or coating the damaged material with chemical sealants may do the trick. But asbestos insulation should probably be routinely removed from pipes in hallways, for example, to prevent passing children from dislodging...