Word: panic
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Dates: during 1970-1979
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...would be a triumph of panic over economic logic. The snow and frost did not change estimates that Brazil's 1975-76 coffee crop will total 21 million bags, because they damaged only the future ability of coffee trees to bear berries, not the berries hanging on the trees now. Production will indeed drop during the following two crop years; it might be cut in half during 1976-77. Still, no major shortage looks likely. Brazil has reserves of 21 million bags that could be sold to keep exports close to normal levels over the next three years, until...
...wouldn't have happened last summer. A bad case of shark scare settled down on the country's beaches a couple of months ago when Jaws came out. But it's a funny kind of fear. It isn't just a shouting-fire-in-a crowded-theater kind of panic. It's more than beaches closing down, and lots of sweaty swimmers staying on grilled sands to the dismay of resort owners and confirmed bathers like William E. Buckley whose wife won't even go into the goddam swimming pool any more...
Unknown Fear. At the time, Eric Olson was nine, Nils was five and Lisa seven. Their mother conveyed to them her feeling that their father must have killed himself in a state of panic brought on by some fear that she did not know. The children tried to conceal the fact that their father had committed suicide. Nils would say that he had died "from a concussion," and Lisa told people that he had died in "an accident...
...major policy reversal for the ruling Labor Party-and particularly for Wilson, who only two weeks ago was pooh-poohing the need for "panic solutions." Since returning to power 16 months ago, Labor's economic policy had been based on the "social contract" -an agreement that the government would deliver social welfare benefits in exchange for the unions' voluntary wage restraints. But more and more unions began violating the contract by asking -and getting-pay raises of 30% and more. Wilson and Healey finally decided more drastic measures were needed...
...cars, sealed buildings and flimsily insulated homes. Some oilmen warned that a supply squeeze was coming and that massive efforts should be made to conserve oil and invest in new sources. The warnings were not taken seriously. When the energy crisis struck, the free market was thrown into near panic. Of course, nobody could have predicted that the crisis would hit so soon, simply because it was hard indeed to foresee the explosive political events that triggered it: the 1973 Middle East war and the subsequent rallying of the Arabs behind the oil boycott. But the fact remains that...