Word: short-term
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...heading for trouble for three simple reasons. The Federal Government, beset by deficits for most of the past three decades, has steadily been cutting back on investment in research and development. Corporations, under increasing pressure from their stockholders for quick profits, have been doing the same and focusing on short-term products. And the quality of education in math and science in elementary and high schools has plummeted, leading to a drop in the number of students majoring in technical fields in college and graduate school. In the past, hungry immigrants looking for America's prestigious Ph.D.s made...
...money into science guaranteed that the U.S. would lead the world by just about every measure of scientific and technological prowess. So, what changed? American business, for one thing. Competitive pressure and the need to prop up stock prices forced many companies to abandon research and focus mostly on short-term product development. Freewheeling corporate research labs that didn't contribute visibly to the bottom line--AT&T's Bell Labs, Xerox's Palo Alto Research Center, IBM's Thomas J. Watson Research Center--have been restructured...
...short-term economic benefit for Detroit is estimated to be around $300 million—ironically, the approximate value of the city’s current budget deficit...
...telling what will happen with Iran, of course. More often than not, though, these kinds of international crises pass without derailing the economy. And the economy today is in good shape-slowing, granted, but just enough to bring a welcome end to the Fed's inflation-taming campaign of short-term interest-rate boosts. Historically, this point in the cycle has been a great time to be in stocks...
...short-term and long-term harm to the U.S. military is clear,” they wrote. “The seemingly botched job, with five children among those killed, increases the risk of revenge to U.S. soldiers should they be captured...