Word: panic
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Dates: during 1970-1979
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...athletics is growing throughout the society and the number of undergraduate women is reaching toward a 2.5 to 1 quota under present policy. $120 per capita (for operational and B&G costs) out of each undergraduate women's tuition will not destroy men's programs nor should this prospect panic anyone. The $120 is top dollar for some years to come. Mary G. Paget Assistant for Radcliffe to the Director of Athletics
...going to drift." Banker Beryl Sprinkel urges the Government to "keep our [fiscal and monetary] policy reasonably tight, settle for 5% or 5.5% unemployment, and then the rate of inflation could drift down"-over the next three to five years. Okun sees only one quick way of stopping inflation: "Panic-a real shake-out in commodity markets, partly induced by some real credit difficulties" among speculators. And he gives even that scary solution only about a 1-in-5 chance of actually happening...
...Panic is an emotion that on Wall Street has long been attributed to the small individual investor. Last week the "institutional" investors-managers of mutual funds, pension funds, insurance companies, bank trust departments-who now dominate trading, showed that they are subject to it also. Their panicky unloading of Combustion Engineering, Inc. stock led to an astonishing price break...
...continued to drift down to a Wednesday close of 46½. By week's end it had recovered only to 50⅞. Veteran Wall Streeters blamed a herd instinct among institutional money managers to unload immediately a stock that had been publicly labeled risky-or, in other words, panic...
...Yeah ... Len is the panic button type. If we had reacted in Garment's way in other things, we wouldn't be where we are. That doesn't mean he isn't right this time, incidentally...