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Unlike the G.N.P. figures, the upward move in the prime rate was expected. In fact, it was overdue. Most other short-term interest rates have gone up over the past few months. Three-month Treasury bills, for example, have risen .75%, to 9.65%, since the beginning of the year...

Author: /time Magazine | Title: Volcker Is on the Spot Again | 4/2/1984 | See Source »

...perhaps the wing of the Palestine Liberation Organization led by P.L.O. Chairman Yasser Arafat. Last week, however, King Hussein turned thumbs down on any such initiative. In a stinging rebuke to Washington, the King told the New York Times: "I now realize that principles mean nothing to the U.S. Short-term issues, especially in election years, prevail...

Author: /time Magazine | Title: Middle East: His Majesty Is Not Pleased | 3/26/1984 | See Source »

...does not harm a single hair on a single white male head. Given the sweeping, long-term effects of past discrimination affirmative action under such strictures would be tantamount to no affirmative action at all, If our society is so shortsighted as to be unwilling to undergo limited short-term departures from absolute "equal treatment" for even so important a goal as racial and sexual equality, then social justice for all-but-the-most powerful does not stand much of a chance in this country...

Author: By Holly A. Idelson, | Title: Getting Questions Right | 3/21/1984 | See Source »

Cabot said the company maintains the equal ratio, and has shifted most of the bond investments into short-term notes, meaning that the roughly $1.3 billion of the endowment in bonds can be moved around more quickly...

Author: By Peter J. Howe, | Title: Management Company Seeking Investor and Two Researchers | 3/16/1984 | See Source »

Darman bristles at the suggestion that he is an ambitious mercenary who works for Reagan only to be at the center of power. "Basically, I'm committed to public service," he contends. "I am a long-term idealist and a short-term realist." He says that he supports the Reagan revolution as "an important corrective" to stop America from drifting too far from a workable free-market economy. "If I had to go home too many nights and tell my self that what I am doing is not right, I could not continue doing this...

Author: /time Magazine | Title: Reagan's Left-Hand man | 3/12/1984 | See Source »

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