Word: panic
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Dates: during 2000-2009
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...California is not alone. Budget gaps are forcing officials in just about every state to scale back hours, reduce services and close even some of their most popular tracts of open space. But rather than panic, park officials are looking for alternative approaches to funding what was once exclusively paid for by the government. "After years of suffering budget cuts and scrambling for strategies to make ends meet, it's almost like parks people have had enough," says Phil McKnelly, executive director of the National Association of State Park Directors, an industry group in Raleigh, N.C. "People finally realize there...
...often the only way he can fall asleep is to listen to meditation courses on his iPod. He reads self-help books and rarely uses the words project or idea, greatly preferring the term problem. He's been racked with back pain and had a long bout with severe panic attacks; he'll still sit only on the aisle in a theater, in case he flips out and has to leave abruptly...
...teams at Goldman Sachs and JPMorgan Chase avoided giant missteps in the lead-up to last fall's panic and are now wresting market share from wounded competitors and raking in billions. They've already paid back the bailout funds they got in October, which means they're exempt from compensation limits and can disburse their gains to employees in the form of titanic end-of-year bonuses. That's how capitalism is supposed to work, right? (Read "Hooray for Boring Banks...
...competitors are wounded or defunct. Though the firm is in this advantageous position because it did a better job of steering through the crisis than did most rivals (JPMorgan Chase is Wall Street's other beacon of health), it probably wouldn't have survived the worst of the panic last fall if there hadn't been a massive government bailout--engineered by a Treasury Secretary who used to be Goldman's chief executive...
...December and January, Harvard completed a $2.5 billion bond offering to bolster its cash reserves, as well as to refinance riskier forms of debt. Several media outlets have suggested that the University held insufficient cash reserves, and Forbes magazine wrote that Harvard had found itself in a "cash-raising panic" in the midst of the economic recession...