Word: short-term
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...making, shot into overdrive in the wake of the corporate failures and takeovers that began with the collapse of Lehman Brothers on Sept. 15. Less than two weeks earlier, on Sept. 4, the Association for Financial Professionals surveyed more than 350 large companies about how the availability of short-term credit (or the lack thereof) was affecting business. Seventy-one percent said there was no significant impact, 11% said growth had slowed, and only 2% said business had contracted...
...trade group was shocked to see the results of a similar survey they ran three weeks later, between Sept. 26 and 29. Thity-seven percent of companies said that as a result of reduced access to short-term credit, they had cut capital spending during the previous month. Twenty-six percent had frozen or reduced hiring, and 22% had considered layoffs. Ten percent had reduced inventory, and 7% had contemplated closing stores or factories. Workers and customers of the world, those are effects you'll feel...
...Given the immensity of the crisis, a Congress-approved bailout may be just a short-term fix. But a short-term fix is better than no fix. If nothing else, it would signal to the world that - unlike in 1930 - the U.S. is doing what it can to avoid financial calamity and sidestep Depression...
...salmon canneries, the Klondike gold rush--all these short-lived booms appealed to what New Deal--era Secretary of the Interior Harold Ickes once derided as Alaska's "gambling spirit." Palin is now rolling the dice on the national stage with a political persona based in part on her willingness to challenge the big oil companies. To many Americans, it's an appealing pitch, and Palin's record suggests that she has stuck to her guns more than most. But it's also true that her zeal has produced mostly short-term political gains rather than lasting results...
...Each of the bold moves brought McCain short-term political gain, throwing the normally unflappable Obama off his stride and keeping the Republican nominee very much in the presidential hunt in a dismal year for Republicans. But the tactics also contained the potential for long-term political costs by distracting from, or eroding, the central McCain message. By comparing Obama to a vacuous Hollywood starlet, McCain found a coherent critique of Obama but relinquished his own ability to rise above the political maw. By choosing Sarah Palin, he lit a grass fire of GOP enthusiasm but risked undermining his ticket...