Word: short-term
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Task Force on the Arts emphasized a greater engagement with the practice of art as well as the scholarly appreciation of it. While its ambitions may be economically constrained by university budget cuts and losses, we praise the report's affirmation of the arts, and hope that some short-term proposals are achieved without great delay. Harvard’s endowment has deflated, hiring freezes have been announced, and departments are attempting to rein in their budgets. This might bode ill for the visionary aspects of the report, and the long-range goals must take community collaboration into account...
...With General Motors warning that it would run out of money by the end of the month and Chrysler not far behind, the pressure is now firmly on the Bush Administration to find a way to provide $14 billion in short-term loans to keep the companies on life support until a new Congress and the incoming Obama Administration can hammer out a comprehensive solution next year. The White House had been dead set against the Democrats' original entreaties to use money from the $700 billion Troubled Assets Relief Program, known as TARP, passed by Congress in September to stabilize...
...House of Representatives passed by a wide margin of 237-170 a bill to give General Motors and Chrysler $14 billion in emergency loans from a green modernization fund that Congress created earlier this year. (Ford is in better shape and has not asked for short-term emergency assistance.) But behind the scenes, things looked pretty dire for the Big Three's hopes of a rescue...
...this may have less impact on short-term goals, most of which focus on soliciting input from the Harvard community...
What is certain is that no matter the long-term viability of the corporate credit union model as it currently exists, the NCUA is banking on retail credit unions having a short-term interest in preserving the system through such a trying time. The way the liquidity injection is structured, it is up to the retail credit unions to funnel money into the corporates. In explaining the program, NCUA chairman Michael Fryzel has been quick to point out that retail credit unions have a "vested interest" in their corporate brethren. Let's hope they do, to the tune of billions...