Word: short-term
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...potentially crippling cascade effect on the economy. The automakers and their suppliers employ more than 2.5 million American workers - nearly one in 10 U.S. jobs. The $15 billion is intended to see Chrysler and GM in particular - Ford is in better financial shape and is not asking for any short-term help - through the first quarter next year and to give the incoming Obama Administration time to work out a more long-term solution...
...like Morgan Stanley, Goldman Sachs and American Express amp up efforts to attract deposits - is also squeezing banks' profit margins, further straining an already weak industry and stressing smaller banks, many of which didn't go hog wild making risky loans in the first place. "Higher rates are a short-term fix," says Camden Fine, president and CEO of the Independent Community Bankers of America. "Eventually, you feel the aftereffects...
...Flores and McLeod say they are running on a platform of “short-term priorities and a long-term vision...
...Democrats like Charles Schumer of New York suggested that the most realistic solution would be to appropriate just enough money to keep the companies alive until early next year, when a new Congress and Administration can tackle the complicated issue in a more comprehensive fashion. But even if a short-term fix of, say, $15 billion, is approved to keep Detroit going until the end of March, there is still disagreement over many details. Republicans want to take the money from a $25 billion modernization fund set up earlier this year, but environmentalists are adamantly opposed to such a move...
...economy is a manmade invention. This financial crisis was not caused by an act of God but rather was made by individuals who chose to put the U.S. economy into extreme risk for short-term profit. The risk has come home to roost, and now it’s time for someone to go to jail...