Word: panic
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Obama may also have been helped by a higher tolerance for calamity. After a winter of market mayhem, job losses and pirate attacks, our panic reflex may have toughened up a bit. We are always on alert now: the threat level is forever orange; the Internet fizzes with warnings and advice. This time, thousands of students stayed home from school in Texas, disrupting a day of standardized state tests, while in New York City, pharmacies reported a run on Tamiflu...
...most famous Inaugural speeches in presidential history - does the phrase "The only thing we have to fear is fear itself" sound familiar? - Roosevelt had been in office barely 24 hours when he declared a four-day bank holiday and drafted the Emergency Banking Act, which helped calm a financial panic that was quickly spiraling out of control. By the time he hit the 100-day mark, Roosevelt had instituted the "fireside chat" tradition, called Congress into a three-month-long special session and passed 15 pieces of major legislation - the beginning of what would come to be known...
...happen if one more leg is kicked off the stool. The stock market responded with a shudder yesterday but at least did not collapse in response to the weekend media blitz about the Swine Flu outbreak. The reaction of the world's markets is likely to be close to panic if this disease becomes widespread and lethal. (See pictures of the swine flu outbreak in Mexico...
...same time, health officials have been quick to stave off unnecessary panic. "This is obviously a cause for concern," said President Barack Obama in a speech to the National Academy of Sciences on Monday morning. "But it's not a cause for alarm." That message was echoed by Secretary of Homeland Security Janet Napolitano, the lead federal official on swine flu, as well as WHO officials and just about every other official connected to the global flu response who spoke to the public on Monday...
...oldest fair in the country, the San Marcos in Aguascalientes, which has taken place for the last 181 years, was suspended. The fair famously features bullfights but just six minutes before the toreros were to start, it was cancelled. The economic impact of such cancellations will mount as the panic - and the potential declaration of a pandemic - takes hold. Aguascalientes, for example, counts this time of the year as the high-point of its business calendar. The fair provides employment for a lot of people. (See the story about how the vaccine the CDC has prepared for swine...