Word: short-run
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...election year when the economy is suffering from rising unemployment, American workers might be tempted to vote for the politicians who promise to safeguard their jobs in the short-run by restricting imports. But over the long haul, such a policy will only hurt these workers as consumers. And worse, scrapping free trade ultimately will erode the long-term welfare of the American worker, which protectionist politicians claim so vigorously to protect...
...remainder of the Gift Fund. If the Harvard Corporation adopted a more socially and morally responsible investment policy, then seniors and alumni could support both the Biko Fund and the remainder of the Harvard Gift Fund. In either case, seniors and alumni could do something in both the short-run and long-run to aid South African blacks...
There are two types of costs associated with divestiture: one-time costs (brokerage commissions and short-run price effects) and recurring annual costs. Harvard estimates the one-time costs at $5-15 million. But even the "low" estimate of $5 is based on inflated brokerage commissions. Moreover, no one is calling for instantaneous divestiture; if the stocks were sold over a period of a year or so, the cost would be considerably less. In any case, Harvard normally turns over 20-30 per cent of the portfolio each year. More realistic estimates, based on Stanford University's figures...
Gregor I. McGregor, attorney for the Red Line Alert and a member of the delegation said yesterday the MBTA officials will be questioned on the extension project's short-run impact...
Your article on the Endangered Species Act [Oct. 16] displays the insensitivity with which man exploits the environment for his own short-run economic gain. What a pity that the earth's innocent creatures must pay for this exploitation with their existence. One could look upon man as a cancer consuming the earth, choking other varieties of life in its path as it progresses...