Word: short-term
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...main argument within the Administration against using TARP money for an auto-industry loan is that the automakers' problems are viewed as systemic, not short-term. "No one in this building or in this Administration has a plan for the long-term viability of the auto industry," says the senior Treasury official. "It's just not on the shelf." Without such a plan, the Administration has decided that any short-term loan should come from existing money from Congress for the auto industry's modernization...
Such cuts may help the short-term bottom line but can haunt companies down the road. "Stopping those payments can be a violation of an implicit contract, and that can affect people's sense of loyalty," says Stacey Kole, an expert on human-resources management at the University of Chicago Booth School of Business. "It's a natural trigger for people to look outside for alternative jobs." And employees remember such slights. "If you cheat me today," Kole says, "I'll remember that when I have options to go elsewhere...
...that landmark decision, the EPA - with the support of the Bush Administration - has doggedly refuse to regulate CO2, much to the dismay of environmentalists. The board's decision will force the EPA to consider CO2 when issuing permits for new power plants, potentially making it - at least in the short-term - all but impossible to certify new coal power plants. That's because the EPA will need to reconfigure its rules on dealing with CO2, which is found in greater concentrations in coal than any other fossil fuel, that force plants in the permitting process to be reevaluated, delaying them...
...While the short-term boost that the plan would give to China was the center of attention in Asia on Monday, some analysts said the move marks a significant turning point in the development of China's economy that will be felt for years to come. "I think in a decade, we'll be looking back at this moment and saying, 'This was it. This was when things really changed and China's economy transitioned from externally, export-oriented to an internal focus,'" says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong. He Liping...
...Blackberry. But it's also possible to flourish at high-tech companies without being, well, high-tech. "If you're in the sales side of technology, that's a pretty good place to be," Hoagland says. "Until we find bottom, what [companies] are going to be focused on is short-term stuff. It's sales and marketing...