Word: longer-term
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...driven in large part by nonrational behavior." In other words, there's no reason to panic just yet, not least because nobody seems to be panicking just yet. "The weakness in sales of motor vehicles and homes has been modest, suggesting that consumers have retained enough confidence to make longer-term commitments, and, as I pointed out earlier, expected earnings growth over the longer run continues to be elevated...
...CALL US In the past several years, many banks have aggressively marketed "callable CDs," longer-term deposits that may be redeemed by the bank--not the holder--after a preset period. Customers, particularly seniors, have bought the CDs, eyeing high interest rates and mistakenly believing they could cash them in at will. Complaints to the SEC grew fivefold last year, and several states, including Texas, Florida and Arizona, are investigating marketing practices...
...Since air travelers in 2000 stood a greater than one-in-four chance of their flight being delayed, canceled or diverted, we believe the airlines should go further," the report said. That doesn't mean actually preventing delays - longer-term improvements like better air-traffic control, more realistic flight slates and more runways won't be in place for a few more summers, the report noted - but simply passing along the news to the customers still on the ground...
Amnesiacs may have been able to later remember the Tetris game because their neocortexes, which analyze short-term memory and establish longer-term memory, were undamaged...
...Running surpluses without a debt, Greenspan warned, would result in the "longer-term fiscal policy issue" of a government paying off its debt, particularly long-term Treasury bonds, before the bonds mature - costing it extra money by buying back those securities from private investors before they mature. Which is very expensive - better to buy back only matured bonds, which won't be possible until at least...