Word: short-term
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...delays in grant-making. Glen Comiso, a director at the Life Sciences Collaborative, said that the House bill is fairly comprehensive and is “in the range” that Harvard and other institutions have been seeking for years. But he added that while the funding meets short-term needs and would help clear the clogged pipeline of NIH projects, the Collaborative wants to ensure that there would be adequate long-term funding as well. The bill also allocates billions of dollars to increase the maximum award levels for Pell Grants and Stafford loans that go toward undergraduate...
...clean break from the presidential past: he went to the State Department, to the Capitol, and appeared on the Al Arabiya television network before granting an interview to any of the American channels. In each case, the gesture was made more for its long-term effect than its short-term bang...
...circulated to the contrary, show absolutely no sign of doing that. In November, the last month for which data is available, Beijing actually added $29 billion to its overall position in U.S. debt. (Beijing sold $9.2 billion of long-term U.S. Treasuries in November but bought $38.2 billion of short-term government notes.) Indeed, part of the reason short-term interest rates are so low in the U.S., as Council on Foreign Relations economist Brad Setser notes, is that foreign central banks - including China's - are doing the same thing private investors have been doing: pouring funds into short-term...
...despite short-term forecasts that could leave their balance sheets a sea of red, the general mood in Abu Dhabi was as sunny as the weather. That's because in the long term, developers of renewables know they'll win. Climate change aside, the simple fact that energy demand will continue growing rapidly once the downturn has ended means that new supplies will be needed. And no one - including oil giants of the Middle East - believe that fossil fuels alone will meet that gap. "This is absolutely going to scale big," says Frank Mastiaux, the CEO of the E.ON...
...legislation as proposed by the House - the Senate version is expected later this week - includes several provisions not traditionally associated with a short-term stimulus, such as an expansion of college grants, investments in renewable energies and a measure to modernize health-care records. Those are all longtime items on the Democratic agenda and Obama campaign promises. Obama had hoped he could get away with such far-reaching measures by also making tax cuts a large part of the bill, but the House version ended up with fewer tax cuts than he had envisioned. Not surprisingly, Republicans in the Senate...