Word: short-term
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...because "there has been a tremendous attempt in Japan to produce more with less." The specter of American consumers cutting back on spending because of steep increases at the gas pump may, in fact, pose a bigger danger to Japan than oil shortages. "As long as it's a short-term [price] rise, the economy can deal with it," said Heizo Takenaka, Japan's Financial Services Minister, at a recent press conference...
...natural, then, when it came to Iraq, for Bush to conclude that the risks of underreacting were greater than the risks of overreacting. Bush's world view was so designed around strength that he could hardly have pulled back on Iraq once he became convinced that Saddam posed a short-term threat and that spreading democracy in the Arab world was a long-term necessity. Unlike in domestic affairs, where Bush could cut a deal at the end, there was no way to launch half an invasion. Devoted to action and surrounded by advisers who admired tough calls, Bush created...
...debate. I mean, you've hit upon the crux of whether or not the foreign policy of this Administration will work. Now, look, we went into Iraq because I felt, as a lot of other people did, Saddam was a threat and therefore had to be dealt with for short-term security. But the long-term strategy is for Iraq to be a democracy. It takes a while to get there, but I will tell you, the world has got to be somewhat heartened by the fact that now 10 million Afghan citizens have shown up to register to vote...
...make hard decisions and be willing to lead and make the tough calls. Some don't like that. But my job is to solve problems, not pass them on. I'm not going to read the history about it while I'm alive because I don't trust short-term history. Most historians wouldn't have voted for me, so I don't think they can write an objective history. But I think long-term history will say that this Administration accomplished a lot and recognized the changing times and helped adjust policy to those changing times...
...that the bump may be just the beginning of a slow and steady climb that could leave us at 2% by the end of the year and at 3.5% by the end of 2005. Yields on cash and investments people use as cash stand-ins--bank accounts, money markets, short-term Treasury bills and CDs, even ultrashort-bond funds--directly benefit. As rates rise, how can you make the most of your cash...