Word: panics
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...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...
...outstanding feature of this crisis compared to any other that I've been through or studied is not that we have debt problems or not that the stock market's come down. The most outstanding feature to me is the level of fear this financial crisis has created - the panic, the sheer loss of confidence. I certainly have not been through one like this. Even the '82 market one wasn't this bad from a fear perspective...
...eyes are now on the G20 summit, to be held in London on April 2. "One way to shore up investor confidence and stop the wholesale sell-off would be to get a coordinated response from the G20," says Shearing. "The market is being driven by fear and panic right now, which is what happens in a crisis. They could open up funding for the region through tie-ins with central banks in Western Europe or make available an IMF crisis fund of $500 billion for emerging Europe during the downturn...