Word: panic
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Dates: during 2000-2009
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Philip J. Fisher’s class on Aestheticism and Modernism—and reading period—have taught me the importance of a sense of playfulness. I’ve learned that there are two approaches to a T minus 24-hours sense of panic: partaking in a dining hall arms race (“Only two papers? Try three.”) and snapping at strangers, or slowing down, taking my computer to Café Algiers, and appreciating January’s new fallen snow...
...result of financial blogger Michael (Mish) Shedlock's pointing out that Schiff's investment recommendations were money losers in 2008. How could a bear have managed to lose money last year? Schiff was blindsided when global investors piled into dollars and U.S. government bonds during last fall's panic. But that rush to safety has already abated, and over longer periods, Schiff's decade-old strategy of steering clients out of U.S. securities and into commodities and overseas stocks has been a big winner. His investment record surely can't be the reason for his fall from media grace...
...will also need to keep a close eye on his country's own economy: the global downturn has hit Egypt's growth. "The big problem is that it will slow job creation, and we can't afford that," Boutros-Ghali says. But, he adds, there's no reason to panic just yet: "We have a comfortable balance of payments and reserves." With a little luck, Egypt may escape the "pointy end" of the IMF's policies this time...
...sales for The Big Three just as new models for 2010 are being introduced. It is hard enough to attract new buyers to the car showrooms without having an auctioneer from Sotheby's down the block taking rapid fire bids on Jeeps and Pontiacs. This will just increases the panic that car buyers feel about the reliability of their local dealers. In order to sell newer models, dealers will have to offer deep discounts and incentives to potential buyers. This means that the car companies and the dealers that are allowed to remain open will have to make substantial investments...
...Panic over the threat of a global pandemic has subsided since early May, as governments around the world have stepped up preventive measures that seem to be keeping the virus under control. But Japan's weekend cases are not alone; by Sunday, the U.K. confirmed 14 more cases, while Turkey and India both announced their first, bringing the number of countries affected to 39. In Hong Kong, a 23-year-old student returning from North America became the territory's third swine flu case, and the 63 passengers who sat closest to him on his flight are being tracked...