Word: panics
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Dates: during 1980-1989
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...military leadership was even worse. Visiting the Falklands, he found his soldiers so badly deployed that he thought of relieving General Mario Benjamin Menéndez, commander of the 10,000-man garrison on the islands. Galtieri later rejected the idea for fear that it would cause panic among the dispirited troops. As conditions deteriorated, he says, Menendez "seemed to shrink five centimeters every day." Faced with a severe equipment shortage, Galtieri reveals that he bought ten Mirage jets from Peru, then cut a deal with Libyan Dictator Muammar Gaddafi for the delivery of five Boeings loaded with materiel. Galtieri...
...history.* Much of the menacing sludge rests just below the surface of the gulf's usually crystalline waters, but it is betrayed by a bluish sheen that can be seen easily from the air. Last week, as the vast slick threatened to wash ashore, it triggered a near panic in the eight nations that border on the gulf...
...less than 15 million barrels daily to within its physical production capacity of about 30 million barrels daily. It would then take only a small disruption in supplies, say in the winter of 1986 or-equally important-an expectation of impending shortages, to trigger a new round of panic buying and stock-piling by worried buyers. This would kick up oil prices, much as have occurred in the 1973-74 and again in the 1979-80 oil crises. The world price of oil could double within six months of the disruption...
...dinner parties. I ask presidential critics of either far right or left what they will do next year if the economy really is better and the nukes are still in their silos. One fellow nearly choked on his lamb chop. Most have only a second or two of panic before they assemble their rebuttals on Reagan's "luck" (the oil glut) and "providence" (Brezhnev died). Who was the guy who wrote that if we've got to have a lucky...
...shows on the itinerary of most gallerygoers in New York City's SoHo area last month: Robert Longo, David Salle and Gérard Garouste. Taken together, they were fairly instructive. Here are three rising, though by no means certified, reputations; yet their success seems tinged with panic. They are all young (Longo is 30, Salle 31, and Garouste 37) and, of course, figurative - the pendulum of taste having now swung so far that it is practically impossible to have a rising reputation if you are a new abstract painter. Each, in his way, is a perfect subject...