Word: short-term
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...Such short-term political calculations, however, do not serve the national interest. The U.S. may have won the cold war, but its economy and society sustained massive battle damage in the process. Over the past 40 years, $5 trillion that might have been invested in education, public health, housing, highways and other domestic needs instead had to be spent on the armed forces. Yet American security is at least as dependent on a prosperous economy and an educated, healthy population as it is on military strength...
...years. In 1990 the top four American patent winners were Japanese companies. Innovation is also stifled by investment bankers and venture capitalists, who all too often view start-up companies not for the long-term potential of their new products but as products themselves to be sold quickly for short-term profit...
...gradually disintegrating. The number of U.S. sisters, which reached a high of 180,015 in 1964, dropped to 99,337 this year, the lowest point since at least the 1940s. To survive, orders are seeking part-time women volunteers and considering offering the option of sisters' either taking short-term vows or joining for life...
...million in loan guarantees for a pipeline through Jordan to deliver Iraqi oil to the Red Sea. The bank approved the loan guarantees the next week. Because the pipeline was never built, the guarantees were never used. But the bank also soon began providing Iraq with $200 million in short-term loans. Within months Baghdad fell behind in its payments...
Debra M. McManus, co-chair of Cambridge Citizens for Liveable Neighborhoods, says the city may be selling its future for short-term gain. McManus says Cambridge must consider what it wants to look like ten or 15 years later, long after the current recession passes...