Showing posts with label panic. Show all posts
Showing posts with label panic. Show all posts

Thursday, March 17, 2011

Japan Nuclear Fears Prompt Panic-buying around World

THE DAILY TELEGRAPH: As nuclear panic began to spread around the world, supermarkets and pharmacies thousands of miles from Japan ran out of anything and everything rumoured to prevent radiation poisoning.

Russia saw a run on red wine and seaweed; in China people were buying massive amounts of salt, and chemists as far away as Bulgaria reported shortages of iodine tablets.

No matter how many scientists were wheeled out to reassure people that radiation levels outside Japan would not pose a threat to health, widespread distrust of official advice meant thousands placed more faith in rumours and old wives’ tales.

In China, the government called for calm after shoppers bought up huge quantities of salt in the mistaken belief that it contains enough iodine to block radiation.

Potassium iodide tablets, which prevent the body from absorbing radiation, have been handed out in Japan to those living near the stricken Fukushima power plant, and in China iodine is added to salt to help prevent iodine deficiency disorders.

The mere mention of the word iodine was enough to prompt panic-buying of salt amid fears that a change in the wind direction could blow a radioactive cloud across China from its near neighbour.

“We are entirely sold out of salt, and shoppers are now buying salt substitutes such as soy sauce, even though there is no connection,” said an exasperated supermarket worker in Shanghai. » | Gordon Rayner, Chief Reporter | Thursday, March 17, 2011

Friday, November 27, 2009

Dubai Tries to Stem Panic as Financial Crisis Shakes Investors Around World

THE GUARDIAN: FTSE 100 opens down 70 points before regaining ground / Japan's Nikkei closes down 3.2%; Hang Seng falls 5.3%

The Dubai financial crisis continued to send shares and commodities falling around the world this morning, despite efforts by the emirate's ruling family to calm the panic.

In London, the FTSE 100 tumbled by 70 points, or nearly 1.4%, to 5123 when trading began – but by 9.15am had erased nearly all of its losses. HSBC and Barclays were among the biggest fallers, along with mining companies.

There was also a bout of heavy selling in Asia. The Nikkei 225 closed 3.2% lower, with Japan's biggest banks leading the fallers. Hong Kong's Hang Seng index fell by 5.3%.

Major building firms in Asia also fell sharply, as traders anticipated that the Dubai building boom was over.

Predictions that Dubai could drag the world economy downwards again knocked $5.50 off the price of a barrel of oil, to $72.49.

Yesterday the FTSE 100 suffered its worst day's trading since March, falling by 170 points. This followed the news that Dubai World – the government-owned conglomerate that has led the dramatic growth in the Emirate – has asked to defer repaying some debts for six months.

It is still unclear whether Dubai World will default on its $80bn debts, which would be a major blow to the banking sector, or be bailed out by the United Arab Emirates.

Sheikh Ahmed bin Saeed al Maktoum, the uncle of Dubai's ruler Sheikh Mohammed bin Rashid al Maktoum, attempted to calm the situation last night. >>> Graeme Wearden | Friday, November 27, 2009

Tuesday, April 28, 2009

Barack Obama's Presidential Plane Causes Panic in New York


TIMESONLINE: It was an image New Yorkers never wanted to see again: a jumbo jet trailed by two fighter jets buzzing dangerously close to the city’s most famous landmarks.

On Monday morning a 747 and two military planes circled the Statue of Liberty and flew close to the World Trade Centre site, causing panic among locals in New York. Residents and office workers evacuated buildings and ran onto the streets, fearing a repeat of the September 11, 2001, terrorist attacks, in which two hijacked airliners smashed into the World Trade Centre, killing almost 3,000 people.

But the flyover was nothing but a photo opportunity involving one of Barack Obama’s official presidential airplanes, apparently one of a series of flights to get pictures of the plane in front of national landmarks.

The flyover – carried out with little warning by the US defence department – was branded as “insensitive” by New York mayor Michael Bloomberg. President Obama, who was not on the plane at the time, was reportedly furious when told of the flight by White House staff. >>> Sophie Tedmanson | Tuesday, April 28, 2009