Word: short-term
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...last resort and a fiscal reform school for wayward economies. When countries such as Thailand and South Korea admit their sins--too much debt, too much spending and a lack of controls on their banking industries--the fund sends in the economists, armed with several financing schemes. There are short-term loans to stanch the bleeding and stop the flight of capital. The fund also negotiates for longer, 10-year credit agreements, as well as so-called concessional loans, or grants, to the poorest countries...
...Bill Jr. won't be alone at the top. According to executives familiar with the situation, the board will also make Jacques Nasser, now president of automotive operations, the next ceo. It's a plan that balances the long-term interests of the Ford family and the more short-term ones of Wall Street. Bill Jr. declined to comment on his future but told TIME, "The two of us together would be natural. Jacques and I are very good friends. It doesn't have to be one of us or the other running the company...
...save the sanity of many surgical patients. But many of those who experienced such a trauma long ago may not even realize that surgery was the cause of present stress. Physicians should screen for such a history when patients have flashbacks or refuse to undergo necessary procedures. There are short-term treatments to resolve the trauma. LOUIS W. TINNIN, M.D. Trauma Recovery Institute Morgantown, W.Va...
...Short-Term Mentor, Long-Term Friend...
Much of the art of medicine lies in balancing the risks and benefits of every drug administered [MEDICINE, Sept. 29]. When this balance is disturbed by long-term use of drugs that are intended for short-term therapy or needless administration of drugs for self-limiting conditions, we will continue to have unnecessary tragedies. As drugs become more potent, the potential for these disasters increases. We are a drug-oriented, quick-fix society, so this scenario will be constantly repeated. PETER JENKINS Eagle River, Alaska...