Word: long-running
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Needless to say, the committee is not perfect, nor are the programs it has helped to produce. Indeed, the programs are for the most part band-aid measures and are not long-run solutions to the country's income distribution problems. Unfortunately, right now such measures are the only game in town and the Select Committee on Nutrition is the best player we have. It is the only body in the Senate with a real commitment to improving the lot of poor people in this country. For those who do not feel this goal is important, the Litany of Hunger...
...convened last week in San Francisco for the annual meeting of the American Bankers Association's International Monetary Conference. No one seemed to expect much from the summit, but most thought it a good idea. Everyone seemed to have the same thing on his mind: Inflation is the long-run danger. "You can't escape the reality of an interdependent world through floating exchange rates," said Paul Volcker, president of the New York Federal Reserve Bank. Reasonable monetary stability is possible only with basic stability in domestic economic policies, he said, "and control of inflation is the sine...
...trying to provide a long-run assurance to the community that we're not going to be buying outside certain boundaries," Bok says. "You have to keep building a certain amount, but I'm anxious to slow that down at this point...
Glazer admitted in response that affirmative action could equalize the unemployment figures, but he asked the questioner to "look where it all ends up." He said that racial quotas for every group would not be "desirable" as a long-run solution...
...resurrection of this thesis in light of Harvard's history is yet another example of his desire to keep the fox in charge of the chicken coop as regards the rights of women and minorities. Bok's bankrupt concept of self-policing is at the heart of his long-run strategy for dealing with affirmative action; in the short run, he seems to hope that simple evasion will suffice...