Word: long-running
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...shortfalls threaten to drive up interest rates and eventually abort the recovery. Board Member Charles Schultze, a Brookings Institution senior fellow, who was unable to attend the meeting because of bad weather on the East Coast, said in an interview afterward: "These deficits will do damage to investment and long-run growth. They will hurt housing, business investment, exports and American industries that compete with imports...
After a year of expansion, the U.S. economy has regained a surprising amount of momentum, but the progress has been spotty and fundamental difficulties remain. Says Philip Caldwell, chairman of Ford Motor: "The federal budget deficit and the trade deficit are basic problems threatening the country's long-run health and the standard of living for all Americans." Unless the President and Congress deal with those problems, they cannot be sure that the economic recovery will develop from its lusty infancy to a ripe...
...shadow of Flight 007 still darkens relations between the two superpowers, but last week both Ronald Reagan and Yuri Andropov shifted their attention to a matter of far more compelling urgency and long-run significance: the menace of nuclear weapons in Europe...
...delegates avoided even hinting that they might repudiate their debts, realizing that any refusal to repay past borrowings would mean the certain cutoff of future loans. In Washington, William Cline, senior fellow at the Institute for International Economics, said, "No major debtor wants to jeopardize its long-run credit reputation further by joining anything that has the appearance of a cartel for debt moratorium or repudiation purposes...
Along with the financial agreement, the settlement includes plans for a joint Harvard-Cambridge Steam study to develop a more efficient long-run strategy for heating the University's buildings...