Word: panic
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Dates: during 1950-1959
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...people who were led astray. For one hour, he plays a recording of Orson Welles' famous 1989 broadcast "War Between the Worlds", which simulated as on-the-spot news story of the invasion of Earth by Mars. Part of the next hour he spends explaining why the program caused panic, riots, and evacuation of cities when first heard in this country as that October night...
...ends by relating the story of a worse panic which occurred in Equador when the same record was played over the air there in 1949, a year of comparative peace, leaving his class with a puzzle and vague promise of an answer before the course is finished...
...From the panic that accompanied the sudden shortage a tide of rumors sprang up: cortisone was being hoarded by the Government, being shipped to Russia, being bought up by gamblers to dope race horses, being bootlegged in a nationwide black market. In New York, the department of health began an investigation. The truth about cortisone is apparently less dramatic than the rumors...
...trickling down to the enlisted ranks.* Near Waegwan a few months ago, a corporal named Everett L. Elmore headed his boat across the bullet-torn Naktong River for the enemy-held shore. Mortar shells crashed alongside, machine-gun bullets stitched a pattern against its sides. Corporal Elmore rallied his panic-stricken passengers, delivered them to the beachhead, and went back for more. On his last trip, Corporal Elmore was mortally hit. He got the Bronze Star Medal-posthumously-an award for "heroic achievement" not deemed to be of sufficient degree to merit a Distinguished Service Cross or a Silver Star...
...plunked out the first common dividend ($3) since 1931. As a result, the common stock has soared from its 1941 low of $4.25 to $72.75 last week. This week, 53-year-old President Johnston was just as confident about the Main Line as Investor Cobden had been in the Panic of 1857. "That the stock will go up again ... I have no doubt," wrote Cobden to a friend. "Nothing but an earthquake or some other convulsion of nature can impair the value ... of the richest soil of the world...