Word: longer-term
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When interest rates on short-term government debt shoot past those on long-term bonds, it is a phenomenon known as an inverted yield curve. And it's bad. Normally, investors with longer-term debt receive a higher interest-rate payment than those holding shorter-term securities. That's because there is a bigger risk that inflation will hurt the value of a 30-year Treasury bond over time...
...soon, Bottino and others involved in TECH will have to figure out what form of leadership students will have within the organization-and what longer-term goals the center will take...
Then there's the longer-term memory. Thomas joined a list of 15 men who died while being apprehended by Cincinnati police since 1995. That's more than four times the fatal-shooting rate of New York City's cops in the same time period. And all the suspects killed by Cincinnati police were black--in a city that's 57% white. Last month a coalition of civil-rights groups filed suit in federal court, accusing Cincinnati of a "30-year pattern of racial profiling" and excessive force. So the latest shooting--possibly the most egregious yet--put match...
Fineberg, who has served as provost for the past four years, will go on sabbatical to "immerse myself again in my field of policy studies and consider longer-term plans," he wrote in a letter to colleagues, Overseers, and Fellows of the University...
...Right. Greenspan is taking the longer-term view, which is ordinarily the right thing to do. But the markets are in the middle of a crisis. The "Committee to Save the World" (Greenspan, Bob Rubin and Larry Summers, on the cover of TIME during the Asian crisis) is down to one. The markets need some leadership, and Greenspan's the only one who can provide...