Word: panic
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Dates: during 1970-1979
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...four novels, a volume of essays and the book that made his reputation, Mark Twain's America. He was capable of hacking out 30,000 words in a fecund week of writing romantic serial fiction for the Saturday Evening Post under the pen name "John August," scribbling in panic before the "manias, depression and blue funks" as well as the living expenses that pursued him. (DeVoto had a fondness for domestic help, new Buicks and private education.) This "literary department store" came as close as he could to respectability as a historian. In 1948 he won a Pulitzer Prize...
...Ferocious swarms of man-killing bees are buzzing their way toward North America." The second curt paragraph fairly shouts in terror: "They have already smashed their way through Brazil, Paraguay, Uruguay, Argentina, Bolivia and Peru." Lest the tension become unbearable, a third paragraph offers relief: "But don't panic. It may take ten to 14 years before the bees hit the U.S." This rather anticlimactic tale could well be a metaphor for the paper that carries it in its first issue, appearing on newsstands this week. The tabloid weekly National Star is arriving with a loud promotional buzz...
...another point, Ribicoff accused the international oil companies of engaging in a "conspiracy" to create a "panic situation" in the U.S. He had no discernible proof for the charge. By week's end Jackson conceded that "these hearings have not turned up any hard evidence that the major oil companies deliberately created the crisis." After the buffeting by Jackson and his colleagues, the oilmen were sore and furious. "They made me feel I was at a criminal trial," said Gulf Oil Co. U.S. President Z.D. Bonner...
Computer Millionaire H. Ross Perot's decision in 1971 to take over the teetering brokerage firm of duPont, Glore Forgan & Co. was widely credited with averting a round of genuine investor panic on Wall Street. Among other things, it seemed that the firm's customers claimed that they owned about $15 million more in securities than could be found in duPont, Glore Forgan's vaults. Other brokers were hardly anxious for back-office carelessness on Wall Street to become any more of an issue than it already was-which was certain to happen if the company folded...
...firm was the old Walston & Co. (renamed duPont Walston Inc.), an ailing brokerage that Perot had partially consolidated with duPont, Glore Forgan last July. Whatever the mistakes of the Texas millionaire in his 32-month binge in the securities industry, at least he still knew how to prevent panic. Walston's 143 offices remained temporarily open for business, and its 300,000 customers were free to transfer their accounts to other brokers at any time. In contrast to previous Wall Street failures, the stock market hardly noticed Walston's impending demise: the Dow Jones industrial average was virtually...