Word: prudent
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...infinitely more prudent alternative appeared to be the 1989 New Yorker Diary. The ad promises that its "50 all-time classic" cartoons will "start each day with a smile." But such an enforced daily dose of risibility struck me as being a little like wearing a lampshade at a party while completely sober. Esquire is another competitor in this smile-button sweepstakes. Its diary boasts cartoons and ads drawn from the magazine's issues of 1939. Not, however, exactly the world's most fun year. Somehow the memory of Nazi troops pouring into Poland might mar my enjoyment of next...
Skepticism, of course, is probably warranted and certainly prudent. Gorbachev's vision has a boldness born of necessity: he was able to gift wrap his clamorous need to shift Soviet investment toward consumer needs and present it as a package of breathtaking diplomacy. Like the politician that he is, Gorbachev seeks to protect his power by producing triumphs on the world stage and the payoffs of perestroika at home. Offering a modest troop cut that would trim unnecessary flab from the armed forces neatly serves both goals...
AFTER 17 years of fighting a support staff union organizing effort, Harvard has made a prudent move...
...letter to the Senators last week, Fed chairman Greenspan noted that current tax law encourages corporate borrowing. Companies, for example, can write off the interest on their loans. Greenspan suggested that Congress consider whether the tax incentives that are helping fuel the trend are still prudent. If Congress takes Greenspan's advice, the heyday of big-time buyouts could come...
...protect the taxpaying public and promote investment instead of speculation, Government regulators should sharply limit the amount of junk bonds and other risky investments held by institutions insured by federal and state agencies. In addition, the federal deposit insurance system should be revamped to ensure that it encourages prudent management at financial institutions. At the moment, regulators bail out mismanaged S and Ls and often turn them over to new owners who commit little or no capital of their own and who get a free ride to continue the institutions' speculative activity at no risk to themselves...