Word: panic
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...efforts to defibrillate an economy that had all but seized during the recent outbreak. With 300 dead, Hong Kong become known as ground zero for the severe acute respiratory syndrome (SARS) epidemic, laying low an already stumbling economy and devastating the local travel industry. During the height of the panic, the airport handled just 20% of its normal passenger flow, and hotel occupancy rates fell to less than 20%. Among the no-shows were the Rolling Stones, who canceled a much anticipated concert, although they will appear at a festival in the harbor in November...
...placed his bomb in a taxi at Zaveri Bazaar, a crowded jewelry market, police say the Hanifs had packed explosives in the bag they stashed in the taxi's trunk, then detonated it at the Gateway. With their youngest daughter, Shakira, in tow, the Hanifs then walked through the panic-stricken crowds to safety. Although Hanif's third child, a teenage boy, was not involved, Maria says Hanif's wife and teenage daughter "were both willing accomplices...
...soldier killed in an ambush on a convoy in Baghdad and two of his colleagues wounded, four soldiers wounded in two separate ambushes in Baqubah and Ramadi. The U.S. is facing a guerrilla insurgency capable of mounting multiple simultaneous attacks in different locations, high profile terror attacks that spread panic in the civilian population and systematic sabotage attacks on oil, water and electricity supplies...
Maybe people didn't panic because word went out so quickly from every public official from President Bush on down that there was no evidence of any kind of attack. There was no sign of a bomb or a break-in, and for anyone concerned that it might have been a more subtle, cyberterrorist assault, Michehl Gent, president and CEO of the North American Electric Reliability Council (NERC), offered soothing words. "It's virtually impossible to get into a system without leaving some tracks," he said...
...stealth recovery that began almost two years ago has finally become evident with last quarter's surprisingly strong 2.4% GDP growth rate. It's also apparent in the panic prevailing in the gloom-loving bond pits on Wall Street, where traders have sent long-term interest rates soaring. With times getting better, you would think investing would be getting easier. But nothing looks cheap. Even after steep declines, many stocks remain expensive relative to earnings. Bonds are a death trap during periods of faster growth. Real estate never fell. Money-market yields barely cover a fund's expenses...