Word: panic
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Dates: during 2000-2009
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...This is a harrowing experience, tightrope walking over the financial abyss. American Dreamers are optimistic, but few can tread that wire now without looking down in panic. We're geared to believe that risk begets reward and our tomorrows are brighter than our todays. One-strike-and-you're-out is a neck-snapping reversal for a culture accustomed to assuming that fate is a welcome friend...
...emergency exit as quickly and safely as possible is a key factor in surviving an airplane crash. Passengers tend to take the glowing pellets that line cabin floors for granted, but until 1984, emergency lighting systems typically employed overhead lights - not much help in smoke or in a frenzied panic, during which passengers tend to keep their heads down. In 1990, the FAA took another step by requiring passengers sitting in emergency-exit seats to be willing and able to perform safety functions...
...park's 29-year history. Wu says that two years ago, the companies that job hunters most often sought out using his service were microchip makers and electronics manufacturers; last year, the most-searched-for company was convenience-store chain 7-11. "I think there's extreme panic right now," Wu says...
...That panic is felt by politicians and policymakers, who have slashed interest rates and hiked fiscal spending in an attempt to stimulate growth. In January, Taiwan's government doled out $2.6 billion in spending vouchers - or about $100 a person - to encourage consumers to splash out. The administration of President Ma Ying-jeou is also pushing a $14.7 billion program of infrastructure projects through the legislature, which includes funding for construction of better bridges and more subways. Singapore in January announced a $13.4 billion "Resilience Package" that will increase the country's budget deficit to a record level. Yet there...
...exacting they should be. Judged by liquidation value--what they could get for selling their assets on the open market today--most major banks in the U.S. are probably insolvent and due for a total government takeover. But that isn't the standard banks are judged by. In a panic, markets for certain assets simply stop functioning, and relying on the market to determine the health of banks means succumbing to panic. Then again, relying on bank execs to price their assets is no good either. Treasury Secretary Tim Geithner hopes to get around this by jump-starting a market...