Word: short-term
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...ballplayer who has never held one position long enough to know it well or to be able to be judged by his performance at that slot. In a short six years, from 1971 to 1977, Bush was chief delegate to the United Nations, National Chairman of the G.O.P., chief envoy to Peking and director of the Central Intelligence Agency. The public does not seem to mind this grocery list of short-term administrative posts; Bush bills himslf as a leader "the country won't have to train," and most polls give high marks to his potential ability to deal with...
...only mount; this in a period when our capacities to effectuate policy change appear to be diminishing. Equally certain is that these political costs, whatever they are and whoever pays them, would be dwarfed by the costs to this nation if such necessary changes continue to be sacrificed to short-term and personal (or other particular) political objectives...
...Chad put down a Libya-backed rebellion. Shortly after last week's clash in Gafsa, three French Navy warships-a cruiser, a frigate and an escort vessel -slipped out of their Mediterranean base at Toulon. The government claimed they were headed for maneuvers near Crete, but officials suggested that the ships would first "show themselves" off the Tunisian coast. In addition, the French have apparently sent transport planes and helicopters to Tunisia. Washington reinforced Paris' implicit warning to Libya against destabilizing Tunisia. The State Department announced that emergency short-term military aid to the country would be forthcoming...
However, the surging prices do not seem to have caught the attention of small investors. Instead of buying shares in companies or mutual funds, in the past year or so they have been investing in so-called money-market funds, which buy short-term securities such as 90-day Treasury bills and pay fat dividends of at least 12%. In the past year, the assets of those funds have swelled from $10.9 billion to $45 billion, which is nearly equal to the assets of the great mutual funds...
President Carter's retaliatory measures will pinch but they are unlikely to punish the Soviet Union seriously.His principal move-the cutoff of grain sales-is a good show of short-term strength, yet its long-term value is arguable. Says Richard Kjeldsen, senior international economist for the Security Pacific National Bank: "I cannot think of a single unilateral embargo that has been effective. Nor can I think of an instance in the past when wheat-producing countries have actually got together to function in some concerted, cartel-like operation. An embargo on grain shipments is simply a very leaky...