Word: short-term
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Harvard's initiative, on the other hand, is more of a stopgap measure than a comprehensive solution. A truly visionary plan would look beyond these short-term programs for a broader solution to an old problem--that undergraduates on financial aid routinely spend a significant amount of time working and still end up saddled with debt after college. Harvard has already reduced these requirements to just above $3,000 per year; now is the time to finish the job. By replacing loans with grants, like Princeton, Harvard would ensure that all students, regardless of socioeconomic status, would be able...
...Opponents, from Jimmy Carter (who first set aside the refuge) to just about every Democrat and environmentalist in town, say the five-year time pre-production lag makes this a bad response to a current energy pinch, and a short-term sellout of one of the last unspoiled places in the country. Massachusetts senator John Kerry has threatened to filibuster any bill that would permit drilling in the refuge...
...spend on tax cuts. Additionally, gradually phasing in a long-term tax cut plan will not have any immediate effect on a recession--Bush's top economic advisor, Lawrence B. Lindsey, has written that tax cuts have too slow an effect to be useful in fighting recessions. Fighting a short-term recession is better left to the Federal Reserve and its chair Alan Greenspan--Clinton's experience with the 1993 tax hike makes clear that over the long haul, debt reduction is more important to growth. In contrast, the experience of the Reagan administration shows the difficulty of climbing...
Rudenstine has leased the house to a family of five on a short-term basis since October. But he has built flexibility into the lease agreement should he choose to move into the house in June...
...long term? While Soros' short-term views of the economy are spread around the world by a kind of emergency-broadcasting system, his long-range ideas tend to get written off. Sometimes they are just seen as a self-indulgent dip into philosophy. They have also been, from time to time, wrong. Mistakes...