Word: panic
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Dates: during 1970-1979
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...local grocer in Tehran told McWhirter that the panic hoarding of past months had ceased. "People have changed their spirit," he said. "There is nothing we are afraid of any more. Before, the old government told us to charge ten tomans ($1.30) for a box of sweets and we charged twelve. Now Khomeini says to charge ten and we charge nine...
...nerve-racking as the worries about physical safety is the overpowering sense of isolation. Communications in Iran are unreliable, with the result that the country has become a vast rumor mill. Says an elementary school teacher at the U.S. compound of Shahin Shahr, near Isfahan: "We alternate between panic and being very blasé. Some days we don't get a thing accomplished." Desert picnics, once popular, are now regarded as too big a risk for families to take. Says one American housewife: "It's a big social event to sip coffee and listen to the BBC." Armed...
...Administration's moneymen fully appreciate the vicious circle in which inflation weakens the dollar and a drop in the dollar spurs more inflation. Treasury Under Secretary Anthony Solomon, with Blumenthal's support, argued against doing anything to prop the dollar until its rout had degenerated into a panic-by which time the greenback had sunk 18% against the German mark and 26% against both the yen and Swiss franc. Reports TIME Washington Economic Correspondent George Taber. "The U.S. this year paid a heavy price to learn something about world money markets. One of the tragedies is that there...
...Department of Energy, which has to approve all company rationing and allocation plans, maintains that motorists will not have to worry about severe or long-term shortages-unless they panic and start trying to keep their gas tanks full at all times. Warns a top DOE official: "If people get a crisis mentality, we could get a problem that really isn't there." Adds Frank Ikard, president of the American Petroleum Institute: "The thing that I fear most is that the public will think the Shell announcement is the prelude to general rationing. If they do, we could talk...
Lovers of Burgundy can put most of the blame for this year's price panic on the vagaries of the weather. The summer, among the coldest and wettest in memory, was a cruel one for the Pinot grapes of the Côte d'Or, the narrow Burgundy slope that produces some of the world's finest wines. Lack of sunshine prevented proper fecundation, resulting in a crop that is little more than half the size of 1977's. Yet a remarkably dry Indian summer enabled vintners to delay the harvest two or three weeks...