Word: short-term
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...demand in the year's second quarter was exceptionally strong. But M2, which is currency plus checking accounts and most time deposits in banks, grew at 8.3% in the second quarter, more slowly than Miller wants. A possible reason: investors have been switching from time deposits to higher-yielding short-term securities, like Treasury bills...
...short-term pleasure, we will reap long-term pain. But if we sow short-term pain, we will reap long-term pleasure...
...dean for that matter." A deanship is not "an immediate concern on this employment level," she adds. A few of her counterparts in the other deans' 'offices have landed administrative posts at other schools, and most of the staff assistants, whatever their eventual goals, do view these jobs as short-term commitments...
...pursuit of its short-term objectives of shoring up the Italian economy, the PCI has joined the official parliamentary majority of democratic parties, Napolitano said. "We cannot afford the luxury of being in the opposition." he said...
...Tokyo, the dollar hit a new low of 231.40 Japanese yen. Alarmed by the trend, which makes Japanese exports more expensive, the Tokyo government forbade sale of short-term Japanese bonds to foreigners and cut the central bank interest rate to 3.5%, the lowest since 1946. Those measures failed to keep dollars from pouring into Japan, so the Bank of Japan bought up $500 million of greenbacks offered for sale. That did not prop the price, and at one point the dollar broke the 230-barrier on some exchanges...