Word: short-run
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...only trouble is that this bull market has been promised for a decade. And for the short-run 1982 outlook, many brokers are pessimistic. Last week's sudden market fall on Tuesday was indicative of the nervous and often dour mood along the street. The drop was set off by a downbeat interest rate forecast by Henry Kaufman, the influential chief economist for the investment banking firm of Salomon Bros. Kaufman, who has built up a very good record of interest-rate projecting over the past decade, has developed an almost cult following and a strong influence on stock...
...will affirm, quarters cramped to that degree inevitably breed tension and unpleasant incidents. Not surprisingly, the committee that called for a race relations foundation last winter cited congestion as a main cause of racial incidents on campus. There's little the University can do, though, in the way of short-run remedies. Until Harvard can replace the Indoor Athletic Building or buy out Lesley College and build a new House in either's place--don't hold your breath--only the tiniest reductions in crowding will be possible. The University simply can't slash the size of entering classes...
...American corporation is accused of having a short-run time horizon...
...military superiority, busy trying to halt the spread of godless Communism through Latin America, busy worrying about four dozen stenographers in Tehran, we have no energy left over to worry about thyroid cancer and the chance of meltdown. Especially if addressing the problems of nuclear power would mean short-run worsening of "real problems" like inflation and dependence on foreign energy supplies. Especially if it would mean less electricity to run a nation of Betamaxes...
...hurts, it does nothing for the unemployed. Plain-speaking Sen. Sam Hayakawa (D-Cal.) was castigated for saying that the poor don't need to drive to work, not having jobs; Anderson implicitly makes the same assumption. Gasoline rationing would be the most fair and direct approach to short-run conservation--true plain dealing...