Word: panic
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Dates: during 2000-2009
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...governments and big bankers in his spare time, or that he has pictures of himself handling snakes decorating his office. The key reason he thinks he'll win this encounter with Congress is that this is one deal that really must get done. Last Thursday the great American credit panic of 2008 was on the verge of halting the country's financial circulatory system. Anyone with money to lend was hoarding it and big institutions were starting a run on the money market funds that hold the hard-earned savings of millions of Americans and support $1.7 trillion in short...
...crisis at the beginning of last week, he had a team up literally all night working with the Federal Reserve to frame a deliberately vague proposal that could make it through Congress. The key issue was to get something that could pass, and quickly, as failure would produce a panic that would be unstoppable. What they came up with was the broad, three-page plan giving the Treasury $700 billion to buy back Wall Street's toxic mortgage-backed assets and eventually repackage and sell them...
...revealing CCTV footage of the final moments before the blast. The dramatic scenes, captured by cameras mounted near the roof of the hotel, showed the truck banging against the gates before sniffer dogs alert the guards of the threat. Some of the men can be seen fleeing in a panic when a small explosion takes place in the cab of the truck, causing it to catch fire as vapour is released into the air. A guard tries to extinguish the flames just before the screen goes blue, marking the point at which the explosion destroyed the cameras...
Obama's case against panic goes like this: Bush is the least popular President in modern history, and McCain was on TV bragging during the Republican primary that he voted with Bush over 90% of the time. The economy is tanking, and McCain is still insisting that the fundamentals remain strong; he's also been a consistent vote against financial regulation, a strong supporter of investing Social Security benefits in the stock market and a recent convert to the Bush tax cuts. Voters prefer Obama's positions to McCain's on almost every major policy issue, and the Republican brand...
Although the Wall Street crisis might have job-seekers in a panic, Harvard’s Office of Career Services (OCS) is countering the downturn with a new philosophy and a new interim director, Robin Mount. Many graduating seniors are nervous about the weak economy this year, as there is sure to be a reduction of job openings in the popular finance sector (last year, 20 percent of graduates went on to work in financial services or management consulting ). Fortunately, well before the economy’s recent plunge, OCS had already begun work on this year?...