Word: panic
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...while the current financial collapse may cause panic outside the country, for Russians life goes on as usual. The manufacturing sector, after all, failed from the start: State-owned factories -- churning out goods that people no longer wanted -- were unable to adapt to a market in which consumers had a choice. "Much of the country has lived, literally, without money for years," says TIME Moscow bureau chief Paul Quinn-Judge. "The meltdown in Moscow is simply bringing it into line with the rest of Russia." By comparison, consider China's transition to capitalism: The Communists never relinquished tight political control...
...Chernomyrdin's coalition is that things will get worse before they get better. But after surviving seven grueling decades of communism and a Nazi invasion that killed 20 million people in only four years, it's not surprising that Russians greet news of financial collapse in Moscow not with panic, but with a resigned shrug...
...Cape Town has seen worse, and a gentle city surrounded by the natural splendor of a mountain and two oceans isn't particularly prone to panic. Nelson Mandela's ANC was only ever partially successful in mobilizing residents of the notoriously lethargic city to take action against apartheid; Osama bin Laden's chances of turning Cape Town into an epicenter of global jihad are, at best, remote...
...expect stocks to take so big a fall. Most agree that what we saw last week did not reflect any disastrous weakening of the U.S. economy. Instead it represented a healthy correction of an overpriced stock market. The good news was that few individual investors seemed to engage in panic selling. But their faith, and their sense of prosperity, will probably be tested again in the weeks and months ahead...
First of all, don't panic. If you're on a Mac, you're safe. If you're using any version of Eudora that precedes 4.0 -- including the free Eudora Light program downloadable from eudora.com -- you're also safe. Furthermore, Qualcomm promises to post a patch on that site as early as Friday afternoon (a far cry from Microsoft and Netscape, who are taking substantially longer to patch up their bugs). If their home page is too busy, or if the Eudora patch (like Microsoft's first attempt) fails to completely debug the problem, you might want to remember what...