Word: panics
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Dates: during 1980-1989
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...terrorists, alternately harsh and conciliatory, angrily ordered passengers to move to the center of the plane. Some obeyed, while others tried to hide in the darkness. Recalls Michael Goldstein, a physician from Los Angeles: "The stewardesses were using megaphones, asking passengers to be very quiet amd not to panic." Then, with scores of people crouching in the middle of the plane, the terrorists shouted out an ominous countdown: "One . . . two . . . three!" On the count of three they began firing machine guns from the forward part of the craft and exploding hand grenades at the rear. Some of the passengers broke...
...ejected 35 healthy members and friends of an AIDS fund-raising group last week, merely because of their connection with AIDS patients. "Here in Chicago, AIDS is still seen as a gay issue," one group member said. "I see a lot of hysteria." In California, a group calling itself PANIC (Prevent AIDS Now Initiative Committee) has placed a proposition on the November ballot giving health officials the right to quarantine all AIDS patients and carriers of the virus. Though unlikely to pass, it has stirred the most voter emotion...
...evening meal and settling down for the night when the volcanic lake bed erupted. Some villagers remembered hearing a distant sound. Then a strange odor permeated their huts. "It was like burned gunpowder," suggested one survivor. Another likened it to "eggs, bad eggs." When villagers began to feel dizzy, panic set in. People who were not killed immediately fled into the dirt streets. Many were later found in the bush, their hands vainly clasped over their noses and mouths...
...First National early last week to close it down, claim its books and transfer its accounts to the new owner, Los Angeles-based First Interstate (assets: $50 billion). First Interstate reopened the bank the next day, so the institution's 33,000 account holders never had an opportunity to panic over their money. The FDIC will pay First Interstate $72 million to take over the accounts and assume $1.2 billion in First National loans. The deal should turn out to be a profitable plum for First Interstate's expansionist chairman, Joseph J. Pinola, whose company already owns 22 banks...
...another era, the selling wave would have signaled a stock-market catastrophe. But, surprisingly, there was nothing akin to a major panic on the floor of the New York Stock Exchange last week, even as the four-year-old bull market took a sudden nose dive and the Dow Jones average of 30 industrial stocks suffered its largest single-day decline in history. Only six days after breaking through the 1900 level for the first time ever, the Dow plunged 61.87 points, to 1839, on the week's opening day. On Tuesday the bears were again on the prowl...