Word: reactional
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Dates: during 1980-1989
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...just might. Less cynically,and certainly more truthfully, one might believethat Huntington fears the widespread dislocationsthat majority rule will bring to South Africa,when people of all races try to restructure asociety warped by centuries of racial oppression.When that restructuring finally begins, an electedBlack government will probably face violentcounter-reaction from people who now support thegovernment or parties even further to the right.One can only wonder whether Huntington willcondone reactionary violence by a governmentelected by the Black majority, as calmly as heapparently condoned repression of revolutionariesby the old regime...
Some shopkeepers sensed an instant reaction last week. Helen Rickard owns the Olive Tree, a clothing and gift store in Rockford, Ill. "I find people coming through here and looking and saying 'Just browsing, thank you,' " she says. "It used to be that at this time of year they would at least try things on and put things on layaway to pick up as Christmas presents. But now everybody's apprehensive about turning loose their dollars." She estimates that her sales last week fell by 25% to 30%. "If it's a soft Christmas, I'm in trouble...
...when the fall came, so did a few smirks, along with jokes about yuppie brokers losing their BMWs. But mainly the reaction was personal: What did the crash mean for me, my pension, my mortgage, my business, my job, my tuition bills? Most of the momentous events that splash their headlines for history can be viewed dispassionately from afar. Not a Wall Street panic, however, not even for those who don't play the market...
...flabbiness of corporate America has been another major contributor to the trade deficit. Domestic manufacturers were ill-equipped to deal with the onslaught of eager foreign competitors. But now many U.S. companies have boosted their competitiveness by slimming down their costs and speeding up their reaction times. Among Detroit automakers, for instance, the "arrogance is diminishing. There is a sense of vulnerability," observes Maryann Keller, an auto-industry analyst...
...impact of the President's words was hard to gauge. Exchanges in Asia and Europe suffered additional heavy losses Friday, but that might have been more a response to a bad Thursday on Wall Street. Despite a lukewarm reaction in the New York financial community to the President's statements, prices on the Big Board steadied, perhaps from exhaustion. The Dow average eked out a .33 gain to close the week at 1950.76. Two bits of news helped: the Consumer Price Index rose at an annual rate of only 2.1% in September, less than half the 5.8% pace in August...