Word: short-term
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...when he was 27, he had drastic brain surgery to cure severe epilepsy. The operation cured his epilepsy, but removing parts of his brain's temporal lobes, including a structure called the hippocampus, destroyed his ability to form new memories. H.M., who is still alive, has a reasonably good short-term memory. Once introduced to a visitor, he will remember the person's name and other information while a conversation lasts. But if the visitor leaves and returns, H.M. has no memory whatsoever of having met the person. In fact, H.M. has no permanent memory of anything that happened after...
That sort of impairment has convinced scientists that the medial temporal lobe and hippocampus are key in transforming short-term memories into permanent ones, and also that permanent memories are stored somewhere else; otherwise, H.M. would have lost them...
...rates keep rising, the rotation into cyclical stocks like Alcoa and Caterpillar that began in April but stalled over the summer could regain momentum. "That play has been shaken but not yet disproved," notes John Manley, market strategist at Salomon Smith Barney. In the fixed-income world, short-term securities are best because they are easily held to maturity and rolled into higher-paying investments...
...Despite interest rates that are markedly higher today than a year ago, it's not at all clear that rates will keep climbing. In fact, long-term interest rates--set by bond traders, not the Fed--have tumbled in recent weeks on faith that this summer's boosts in short-term rates are enough to stop inflation cold. If that's the case, the logic of the previous two paragraphs applies--in reverse. No one said this is easy. You'd want to avoid T bills and cyclicals and own bonds and growth stocks, including techs and bank stocks...
...temps work on one assignment for more than two years, a situation that has not changed much in the past 15 years. That said, temps who work on long-term assignments tend to appreciate the flexibility their jobs offer and to be more satisfied than those in short-term positions; and 64% of temps with more than two years' tenure get health-care insurance from their employers, about the same percentage as those with permanent jobs...