Word: panic
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Dates: during 1950-1959
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...powerful teacher history can be. At the first emotional scare headlines, the big international oils dropped and, as expected, carried the market down with them. Dow-Jones industrials tumbled 5.96 points in a single session, the biggest sell-off of the year. Then investors paused-and realized that panic is always unprofitable. As in the Suez crisis and other flareups, they turned their attentions to shares that might benefit from a harder U.S. stand. In buying surges that frequently left the ticker behind, investors sent industrials up 3.7 points to 486.55 and a new high for the year...
...three-man "sovereignty council" led by a little-known army general, Abdel Karim Kassem. From the Baghdad Radio, rechristened "Free Iraq Radio," and Nasser's announcers in Egypt and Syria, came sketchy details, whose authenticity had to be measured against the plotters' desire to stir further panic. Broadcasts said that the junta had seized the capital city before dawn, that wispy Crown Prince Abdul Illah, uncle of the young King, had been assassinated. The fate of 23-year-old King Feisal, ruler of the five-month-old Arab Union of Iraq and Jordan, and of 70-year...
...dominant note everywhere is concern, not panic. Economies are generally sound, employment high and currency strong. To Dr. Erhard, the engineer of the German production miracle, a slowdown is not without advantages for his highly flexible economy, for rising costs were beginning to threaten Germany's competitive position. And one Italian economist dismisses his own country's recession as no more than "a slowdown in the speedup...
Ironically, Littlefield had just decided that he really wanted to run his honest-to-goodness railroad when all his loans began to slip their bonds. In the panic of '73, his empire fell. But before that his pal Swepson had disowned him and declared himself insolvent, although he subsequently died a millionaire, to be buried under the epitaph "Trusting in Jesus for Salvation." Little eld's great and good friend Mrs. Ann Cavarly, the wife of an associate, played the self-appointed blabbermouth before investigating committees, while Democratic journalists howled for the staunchly Republican general's head...
...nightmare began. Near him an exhaust pipe spouted orange flame. Freezing propeller blasts whipped his thin shirt, but probably saved him from being overcome by engine fumes. And, to his horrified surprise, the retracting big wheel began to rise to crush him. Fighting back his panic, Bas Wie scrambled into the only possible place of safety-a space ten inches deep and 20 inches high, between a fuel tank and an exhaust pipe...