Word: longer
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...power of big federal spending and expressed concern that Washington's largesse, if unchecked, would fundamentally alter America's competitiveness. But he also made clear his view that the latest rounds of federal spending have averted crisis and set the stage for a shallow economic recovery with modest inflation. Longer term, he believes the U.S. will be growing at only 1.5% to 2% a year, well below the historical growth rate of 3%, a shortfall resulting from ongoing consumer deleveraging and frugality and slow growth in business credit...
...Grace C. Ross '83, the Green-Rainbow Party's candidate for Massachusetts governor in 2006, said at the rally that she believed "there is no question Harvard has enough money" to avoid layoffs. Instead, she said, the University's administrators are all just "crying poor because they're no longer minting money on our backs...
...Actually, there was a slight shift since the last Fed statement. At the end of April, the FOMC worried that "inflation could persist for a time below rates that best foster economic growth and price stability in the longer term." This time the wording was shortened to a simple prediction that "inflation will remain subdued for some time...
...difficult to motivate them to become more active. "If you are alone, you are less likely to follow recommendations," notes Verghese. It might help, though, if you visit with Grandma more often and let her know that a regular pastime may just help her stay fitter and sharper longer...
...about fiery rhetoric, but at least he has stood behind his principles," says Hidayat Jati, an executive in the media industry. "Even his in-law [former central banker Aulia Pohan] has been put in jail for corruption. People like seeing that the élite are no longer above...