Word: panic
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...name is probably more apt than its director, Arnold Lehman, ever intended. "Sensation" was advertised as liable to "cause shock, vomiting, confusion, panic, euphoria and anxiety." Indeed, its contents--most controversial of which are sliced-up animals suspended in formaldehyde and Chris Ofili's painting of the Virgin Mary with a generous helping of dung on her bosom--are not for the knock-kneed...
This time, it seems, he was warning us about irrational panic. "Greenspan knew about the Producer Price Index numbers ahead of time," says TIME senior economics reporter Bernard Baumohl, referring to the big scary inflation number that ? along with Alan Greenspan?s own Thursday night speech about an "asset bubble" ? threw the markets into an early-morning tailspin Friday. "He warned about wild fluctuations because he knew how the market would react to the bad news about producer prices, and his role is to warn investors that an adjustment in stock prices could come quickly...
...Greenspan is still genuinely worried about an "asset bubble" (although he?ll never tell how many points make a bubble), and the markets are still headed for a tepid autumn overall as Y2K uncertainties loom larger and larger. But the Fed chairman also knows how this market loves to panic about numbers, and he wants everybody to just calm down. By late afternoon the Street had ignored him all over again, and a deadened Dow had finished its worst week in recent memory by briefly dipping below 10,000 before settling in at 10,019. At this rate...
Does this mean that patients in Maryland should gather up their IVs and run screaming to the prairies? Not at all, says Bob Speildenner, spokesman for the United Network for Organ Sharing. "Patients should not panic. They should talk to the doctors at the hospital about their concerns, about the numbers in the study." This data, Speildenner emphasizes, is several years old, and the results are still very much open to interpretation. "When these numbers are analyzed, they?ll be much more valuable to everyone." At that point, discrepancies will be explained, or at least fleshed out. Already, experts...
...growth rate of 12.2 percent was down from Harvard's average of 20.1 percent over the last five years. But the world's richest university isn't hitting the panic button...