Word: panic
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...Karl Marx lived to see this miniature revival, he wouldn’t have been that surprised. Marx knew the power of cataclysmic financial events to shake the world’s faith in neo-liberal doctrine. In the wake of the 1857 stock market panic, Marx wrote to his friend and co-author Friedrich Engels, “The American Crash is a delight to behold and it’s far from over.” Yet that downturn—along with all of the other shocks and recessions that have periodically plagued American economic history?...
...aimed at upscale, upwardly mobile clients. The Boyners have fully participated in this boom; for luxury goods alone, they doubled their retail space over the past two years. But now luxury is taking a fall, and sales of all types of merchandise are soft. "There's no need for panic," Boyner says, "but this is the point where you need to be very conservative." In her family's case, that means a freeze on all new investments, and a search for ways to cut operating costs. In one of the Boyners' biggest stores in Istanbul, which stretches over six floors...
...Then two things happened to upset the equilibrium. First, and no doubt most importantly, panic struck Wall Street with a force that was felt all the way to Hennepin Avenue and beyond. In Minnesota as elsewhere, John McCain flailed, Barack Obama soared, and down-ballot Democrats found that their already rosy prospects were rosier than ever. Written off by some over the summer, Franken was suddenly competitive again...
...dreamed”), an unexpected bang shot through the theatre. The overhead screen projecting the English translations of the sung German had gone blank, and would remain so for the rest of the performance.The computer glitch proved providential for the opera’s singers. One imagines the backstage panic: “Look, folks, the supertitles are out! The audience will not know what’s happening if you continue to move about like flannel-wearing robots at a sausage shop. You must act! Act, by Gott!” And act they did. Under pressure...
...underlying reason for the relative lack of panic so far is that Dubai real estate remains a financial haven for wealthy individuals from riskier nearby countries like Iran and Pakistan. What's more, Dubai's real estate sector is dominated by a handful of major companies - collectively dubbed "Dubai Inc." - that are directly or indirectly owned and controlled by the government. This means, analysts say, that Dubai authorities could effectively stave off a bubble burst by keeping finished projects off-line until market conditions improved. In the event of a systemic threat, Dubai can probably rely on super-rich...