Word: panic
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Dates: during 2000-2009
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Most large companies have released their first quarter earnings and the critical economic figures for March and April are out. A growing number of economists say that the consumer will begin to conquer his panic by year's end and GDP will revive as if nothing had happened. The most recent poll from the Blue Chip Economic Indicators newsletter shows that many analysts expect GDP to recover as early as the third quarter but since that the measure was down 6% the last two quarters, such a swift recovery would be like building the Great Pyramid by hand...
...said, adding that people should frequent the CDC website for the most up-to-date information on the flu. According to David S. Rosenthal ’59, director of Harvard University Health Services, the survey shows the power that mass media has to either spread panic or reduce concern. “It’s interesting to see how quickly people went from fear to a sort of relaxed mode,” said Rosenthal. He added that people “should not let their guard down” even though the flu outbreak has been less...
...will be very hard to tell what will happen in the next flu season, especially if a worse case of influenza does develop. One panic is expensive, but a second is a waste of money. Experts maintain that the difference of a few days could be the critical issue in the containment of influenza. If the public becomes complacent that the next epidemic will be mild and resists public health advice, then the economy really will face a disaster when a virulent influenza appears and spreads widely...
...Unfortunately, money takes precedence over everything, even health. Businesses do not like to see their pockets picked twice by an unruly and inconsequential panic. That aversion to loss will only make things worse if thousands and thousands of people begin to die and commercial interests are slow to recognize it and slow to react...
...before the pre-announced release date. The information caused movement in the stocks of a number of the banks. Disclosure regulations probably prohibit sharing what the government knew about the firms. In the fury of activity to prepare the findings and present them so that Wall St would not panic, the process of safe guarding the data was neglected. If several of the banks were found to be insolvent, the issue of the public discovering the findings in the press was probably not a priority. Government officials should have assumed that the confidentiality of the data was safe. How would...