Word: panic
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Turkey this week looks a lot like Russia, Brazil or Thailand during the Asian currency crisis of 1997 - financial panic, a crashing currency and interest rates that reached 17 percent a day before the central bank had to let the currency slip into free fall...
...sure if the panic will spread beyond Turkey's borders, but within the country the economic situation threatens the political stability of a NATO member that for the U.S. is a valuable buffer against fundamentalist Islamism in the region. Not to mention another black eye for the U.S.-dominated International Monetary Fund, which bailed out Turkey last year and seems in danger of losing its investment. TIME stringer Andrew Finkel, who works out of Istanbul, comments on the developments...
...What it is going to come down to is a couple of hundred guys in D.C. pushing the panic button, because that's the way it always happens," says Kaktovik mayor Lon Sonsalla, who supports drilling but is unhappy at how little the local communities have been consulted on the issue...
Very few of the people in Washington with their finger on the panic button have ever seen the Arctic National Wildlife Refuge. (Murkowski is planning to lead a Senate delegation here when the weather warms up.) For those who do travel to Alaska's far north, the experience stretches the imagination. To visit a new drilling station in Prudhoe, one that extends only a few acres on the surface but can access 75 square miles underground, or fly over a convoy of trucks spraying water on the tundra to form ice roads strong enough to bear the weight of mobile...
...time-out from the peace process, at least as it has been defined over the past eight years, and work to restore stability in a country whose nerves are dangerously frayed. Indeed, forming a unity government is clearly an attempt by Israel's two major parties to calm the panic in domestic politics (once Sharon is sworn in next week, the country will have had four prime ministers in five years) and act in their mutual interest to restore the traditional Labor-Likud duopoly of power...