Word: short-term
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...said withdrawal would be ineffective and could only offer a short-term symbolic effect. By withdrawal, the University would take the symbolism. "Wrap it up into one ball and shoot it at once," Nye added...
...this could presage the mild recession that is widely expected later this year. If the guidelines fail before the decline in production begins, the only practical, short-term alternative would be an ever tougher monetary policy and higher interest rates. Money supply is already relatively tight, and interest rates are expected to go on rising into June. A continuation of this trend could lead to a recession deeper and more painful than anyone wants...
...city needed loans because of a practice, begun by Mayor Robert F. Wagner Jr. in May 1965 of borrowing short-term notes, payable within one year, to fill budget deficits. As if that was not bad enough, Wagner's collateral for the loans was Bond Anticipation Notes (statements of what the mayor expected to collect in taxes) based on the mayor's own estimate of the next year's revenues, rather than on last year's revenues. The effect of this practice, continued under subsequent administrations, allowed mayors to anticipate much more revenue than they knew the city would receive...
...investment opportunity, and with the declining value of the dollar, they can be invested nowhere more profitably than in the United States. As any real estate broker could tell you, to some extent they are. Nevertheless, the second greatest contributor to our balance-of-payments deficit, after oil, is short-term capital overflow. The problem, again, is not the generating of enough capital. It is keeping it here...
...with the average at $50, or $12,000 a year for the five-times-a-week treatment recommended by Freud. As a concession to economic reality, most American psychoanalysts see patients only once or twice a week, and some have begun to stress even more limited short-term therapy to cut expenses further. One sign of the times: Freudian Judd Marmor, a former president of the American Psychiatric Association, now recommends treatment limited to 20 or 30 sessions, with analysts abandoning their passive role to confront patients more and speed recovery. Marmor points out that even Freud complained that some...