Word: panic
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Dates: during 1950-1959
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...McCarthy took over the State Department last week from a shaken and cowed John Foster Dulles. Instead of defending the department against McCarthy's latest onslaughts as head of the Senate's Permanent Investigating Subcommittee, Dulles-so the stories ran-had given way to a mood of "panic" and "surrender," pulled a "Munich" and taken "cowardly flight." As a result, said the reports, the Voice of America was "dead," and departmental employees, their morale shattered, were trying to "fade into the wallpaper...
...Council displayed lamentable insincerity and irresponsibility when faced with a crucial situation in which the conscientious exercise of sincerity and responsibility is imperative, especially on the part of a quasi-official spokesman for a segment of the Harvard student body. This can only result in increasing the panic of the defenders of universities and deepening the intransigence of their attackers...
...move set off a minor panic in the cities, especially among black-marketeers, speculators, and even legitimate merchants with large won holdings. Hundreds of them flocked from the cities to the country, aiming to buy food and other consumer goods from peasants-with the old won-before the country people caught on. Some of the city people traveled on foot, some in rickety cars, some pedaling on bicycles. But the peasants got wise quickly, and many a city man returned wanly, his won still in his hands...
...Good Race. The company was founded in 1886 by George Westinghouse, who invented the railroad air brake, proved the usefulness of alternating current, was first to introduce the Saturday half-holiday to U.S. Industry, and ran the company until it failed in the panic of 1907. After a succession of bosses, in 1929, Robertson took command. He nursed it through depression quivers and launched it into vigorous World War II growth...
...regulations. Before the week was out, the cattlemen got their wish: the Administration discarded meat-price ceilings (see above), and grading automatically became a voluntary matter again, as in pre-OPS days. Agriculture Secretary Ezra Taft Benson advised cattlemen to rid their minds of "unwarranted pessimism" and to avoid "panic selling." By week's end the stampede to the stockpens had slowed down, and cattle prices had firmed. An Agriculture Department bulletin reported: "The sharp decline in meat-animal prices seems to be about ended...