Word: scares
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Dates: during 1980-1989
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Saddam Hussein's scare tactics have had some of the effect he wanted. Japan held several of its tankers outside the fighting area until it could find out what was happening. The spot price of oil on the world market rose as much as 600 per bbl. but later settled back. At Lloyd's of London, nervous insurance underwriters met two or three times a day to assess the situation. They did not raise their rates significantly, but all this could change overnight if attacks on tankers should begin in earnest...
These facts demand that society look long and hard at the possible implications for modern democracy. Do TV projections discourage voters favorable to the losing candidate from going to the polls? Do they also scare away voters favorable to the apparent winner by making them feel overconfident? Do voters for an underdog turn out early, and in large numbers, precisely because they share Wirth's and Connolly's opinion and hope to push their candidate to victory in spite of expectations...
Last week, as EDB alerts continued to roll across the U.S., food manufacturers feared that the pesticide scare could decimate sales of their products. Environmental Protection Agency officials said that high levels of the chemical had been detected in at least some of the products of most major food manufacturers in the U.S. Some states, like New Jersey, recalled contaminated baking mixes and destroyed tainted oranges, while others, such as Texas and Ohio, adopted federal guidelines. Massachusetts imposed more stringent standards than those handed down by Washington. It is estimated that this will add $100 million to the $1.1 billion...
Procter & Gamble was far from the only company caught in the EDB scare...
...reassignment or demotion for refusing to take the test. Perhaps, though, accuracy is not the intent as Richard Nixon put it in the Watergate Tapes. "I don't know whether the detector tests) are accurate or not, but it doesn't make any difference. Test them all. It will scare the hell out of them...