Word: panic
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Dates: during 2000-2009
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...Freddie, Lehman Brothers, AIG and WaMu, before Bernanke called upon decades of historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole in a 1932 law that gave the Fed wide latitude in "unusual and exigent circumstances" to become a virtual economic commander in chief, dropping several trillion dollars into the nation's credit jet stream...
...unjustified, and that the University has the money to maintain services at the current level."We still don't understand why they are doing this," said Langley. "Endowments are supposed to be a rainy day fund, and it's a typhoon. So you have to question this whole panic that's going on...I think that's the crux of it: if people were convinced that [Harvard's budgetary crisis] is as serious as Harvard's saying, we might have a different posture on it. But we have no evidence to indicate otherwise."—Staff writer Peter...
...were any Christians inside. When the terrified faces inside replied yes, they poured chemicals on the small, redbrick homes of Episcopalians and Evangelicals, setting them ablaze. In some cases, they didn't bother with the question. Instead, they opened fire and hurled rocks, forcing families to flee in a panic - moments before fresh flames consumed their homes as well. When the attackers were done, nine people had been killed and 45 homes lay smoldering and destroyed in the clustered Christian colony in Gojra, a town in central Punjab, marking the worst anti-Christian violence Pakistan has seen in recent years...
...which rich Americans got richer, and more and more people began consuming conspicuously. The original Gilded Age began a century earlier, in the 1870s, during a laissez-faire boom that lasted - déjà vu! - from the end of one Wall Street and banking meltdown (the Panic of 1873) to the beginning of another (the Panic...
...proved right. On July 29, the Shanghai Composite Index lost as much as 7.7% of its value before ending the day down 5% on record-breaking trading volume of $43.3 billion. The sell-off was the largest one-day decline in Chinese stocks in eight months, and set off panic purging in Hong Kong, where the Hang Seng Index lost 2.4%. Even the U.S. got dinged, with the Dow Jones Industrial Average ending the day off by 26 points...