Word: panic
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...York was founded in 1812 by a group of merchants hoping to fill the void left by the demise of the first Bank of the United States, the sort-of central bank whose charter Congress had allowed to expire the year before. City nearly went under in the Panic of 1837 but was bailed out by the country's richest man, fur magnate John Jacob Astor. Astor's associate Moses Taylor built City into a bulwark of sound finance--big capital reserves, stingy lending standards--that bankrolled the Union during the Civil War and easily withstood the first postwar financial...
...began a pattern of alternating conservatism and risk-taking, success and near failure, that has marked the banking enterprise now known as Citigroup--and the American financial system--ever since. James Stillman, who became City's president in 1891, combined prudence with great ambition. City Bank cruised through the Panic of 1893, thanks in part to the huge stash of gold that Stillman had acquired--gold being the backing for credit then--because he sensed trouble. City joined J.P. Morgan in bailing out the nearly bankrupt Federal Government in 1895 and soon grew to be the country's biggest bank...
...roar, an eerie silence, then panic-and heroism...
...with two hands. Enough is enough. The next time you can’t find a seat in Lamont, don’t be afraid to toss that half-eaten bagel in the trash and mark your own territory. If someone comes back to claim the carrel, do not panic. Give them the call number for Darwin’s “On the Origin of Species” (QH365.O2 1859a, fyi) and direct them to the part about “survival of the fittest.” Should this tactic fail, you can always just bare your...
...other myth that you see in this is the myth of panic. People assume, in an airplane crash, that there's pandemonium and people panic. But in fact, according to research done after earthquakes and natural disasters and airplane crashes, panic behavior rarely happens. In fact, as passengers are describing right now, people were scared, but they got very quiet, silent; they awaited instructions; a few people took command, got everybody in line and got everybody off the plane. So there are people crying and people that are afraid and people giving voice to their concerns...