Word: short-run
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...hardest thing in the world for a President is to see trouble coming-and then do something to prevent it," says Bill Hyland, former aide to Henry Kissinger and soon to be editor of Foreign Affairs. The short-run political risks can be immense. Even as powerful congressional Democrats were declaring Reagan's decision justified, the likes of Historian Arthur Schlesinger Jr. were scoffing at the invasion as unnecessary. There can be no final proof either way, at least...
...news was for the short-run outlook, it was almost matched for bleakness by long-run prognostications made last week by the chairman of the President's Council of Economic Advisers. A somber Martin Feldstein told a breakfast gathering of reporters at the Washington Press Club that the unemployment rate may take five or six years to drop to the 6% to 7% level that prevailed during the early months...
...just those who can afford to buy and develop them. As a position paper prepared by the Wilderness Society puts it: "American history has demonstrated that the public is not well served, in the long run, by turning over commodity lands to private interests. The aim of business is short-run profits, not long-run preservation?and experience has shown that conservation of resources is critical to sustaining a high standard of living?or living...
Unlike most American executives, who are often criticized for trying to boost short-run profits at the expense of long-range investment, Herbert Kohler can afford to disregard the short-term bottom line. His family and relatives own or control 90% of the Kohler stock. While the typical U.S. company reinvests 60% of its earnings, Chairman Kohler claims to put 90% of his profits back into the firm...
...more--it depends on the Faculty's priorities." His concern echoes aid officials' assumption that any current funding innovations are little more than makeshift. Lyman and Jewett talk of "tinkering with the edges" and "belt-tightening" without altering the basic lines of College policy. But such modification in the short-run, they say, will not resolve any of the philosophical questions that eventually will demand scrutiny...