Word: long-running
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...course recommended by Blumenthal and Chief Economist Charles Schultze: leave the 7% pay limit intact, and generally follow a moderate policy, while hoping that the coming (or perhaps already existing) recession will dampen inflationary fires. Asserted Blumenthal: "We are determined not to engage in dramatic action that would cause long-run problems...
...main sponsor of the Fund, I had hoped that the Fund would not only accomplish the two goals listed above, but would have a diversionary effect on contributions made to the larger Harvard Gift Fund in the long-run. When paired with a possible boycott of the remainder of the Fund. Harvard students could use a carrot-and-stick strategy in dealing with the Corporation and its investment policy. If the Harvard Corporation continued its investment policy with firms with subsidiaries in South Africa, seniors and alumni could support the Biko Fund and boycott the remainder of the Gift Fund...
What this meant in the long-run was that the carrot-and-stick approach would be taken away from Harvard students if they supported the Biko Fund. Moreover, the Fund might be then used to detract from the real target of student concern on the South Africa issue: the Corporation's investment policy. Weighing this result against the very limited symbolic significance of the Biko Fund, it became clear that the political costs of keeping the Fund would far outweigh its benefits...
Some consumer groups advocate that a one-day-a-week beef boycott be organized to resist meat increases, which amounted to 110% at an annual rate for hamburger in the past three months. But beef producers retort that this will only aggravate the long-run shortage by discouraging the building of new beef herds. One Georgia grocery-store manager reports on his customers' switching to cheaper meats: "They're not boycotting beef, they just can't afford...
...tiny as to be totally discounted. The radiation released was well below the Government's standards for safety, but cancer rates among people exposed to fallout from the atomic-bomb tests of the 1950s and shipyard workers who repair atom-powered vessels raise troubling questions about the long-run effects of supposedly "safe" radiation...