Word: panic
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Dates: during 2000-2009
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Seventy-nine years ago this week, the New York Stock Exchange experienced the worst financial panic the country had ever seen. There have been more crashes since - with bigger numbers and bigger losses - but nothing quite rivals the terror and devastation of Black Tuesday: October...
...plus side, investor panic (which translates into hyperactive trading) and scrambling by executives to make deals have boosted Wall Street revenue. In the first half of the year, which is the latest available data from the Securities Industry and Financial Markets Association, the total fees that the investment banks and brokerage firms collected were nearly $166 billion. That's more than triple the $55.5 billion the firms had in revenue back in the first half of 2002. But the big difference is that in 2002, Wall Street was making money - nearly $8 billion in the first half of that year...
...people worried, as the U.S. ran up all those debts in recent years, that the dollar would soon lose its status as the world's reserve currency. But since the financial troubles of the past year turned to panic a few weeks ago, the dollar has been rising against the world's other major currencies. There simply isn't a credible replacement, at least not yet. And until that changes, the U.S. will keep getting to export at least part of its financial woes to the rest of the world. As it did today...
...great news for me, and I’d imagine for many women at Harvard,” said Justine R. Lescroart ’09. “I feel like if the study’s results had gone the other way, there would be widespread panic. Everyone likes coffee, and no one wants breast cancer...
...French are hoping that if the nine are tried and jailed by the Somali authorities, the piracy industry could begin to unravel. Right now, though, the pirates of Puntland don't seem to be feeling any need to panic...