Word: short
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Dates: during 2000-2009
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...February, a short circuit generated extreme heat and smoke inside one of two Uninterruptible Power Supply (UPS) systems in the Science Center data center, leading to a power failure that shut down much of the computing services for the Faculty of Arts and Sciences...
...Another reason is the performance of monetary policy. The Federal Reserve and other central banks have learned the lessons of the 1970s. Because monetary policy works with a lag, the short-term inflationary effects of a sharp increase in oil prices can generally not be fully offset. However, since Paul Volcker's time, the Federal Reserve has been firmly committed to maintaining a low and stable rate of inflation over the longer term. And we recognize that keeping longer-term inflation expectations well anchored is essential to achieving the goal of low and stable inflation. Maintaining confidence...
...technologies and increased international trade can lead to painful dislocations as some workers lose their jobs or see the demand for their particular skills decline. However, hindering the adoption of new technologies or inhibiting trade flows would do far more harm than good over the longer haul. In the short term, the better approach is to adopt policies that help those who are displaced by economic change. By doing so, we not only provide assistance to those who need it but help to secure public support for the economic flexibility that is essential for prosperity...
...were beginning their senior year of college—the Faculty Committee on Regional Studies at Harvard established the Center for East Asian Studies in order to give “cohesion and stimulus” to graduate training and research associated with East Asia. The Crimson ran a short article covering the Center’s formation, noting that its plans called for “more intensive study of Japan, Korea, and other potential trouble areas...
...Rubin’s new role was short-lived, as Citigroup replaced him less than a month later with Sir Win Bischoff, who had taken on the role of acting CEO following Prince’s departure. Bischoff was soon succeeded as chief executive, though he is still chairman...