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It was literally a "popular loan" in that the five shilling short-term vouchers, bought at the post office, and which paid 5 per cent, could be exchanged when they had grown to five pounds for a share of long-term War Stock paying 4½ per cent. The higher rate of interest was the inducement to begin saving and it worked like a charm.
Nor could I find any evidence of a French disposition to sell the American copper shares, railroad bonds, or industrial shares into which the French have been putting some money of late years. But I did learn that short-term American railroad notes may this year be renewed abroad only in part. No Migration from Belgium Germany's War Tax Levies Irreconcilable The Army No Neutrality over Belgium.
And they will give us the organization, the incentives, the authorities needed to deal with the short-term emergency and to move toward meeting our long-term needs.
As far as risk/reward goes, we can keep a given balance in any time-horizon. We can be risk-adverse, say, short-term or long-term." Myron underlined the arrow. "What we don't want to do is mix up the two. Short term and long-term investments are different. Not only are the investments themselves different, but someone who is patient and looks far ahead won't be happy with in-and-out activity.
He nearly let go of the clipboard, but managed to clutch it to his chest as the pages, his clothes, and the Earth, began to flutter violently around him. The fell past some kind of balloon, reached out to catch hold of it, but it was too late. Now, the only thing that could save him were those few pages whose contents he had just forgotten, thanks to a somewhat reduced short-term memory.
And they will give us the organization, the incentives, the authorities needed to deal with the short-term emergency and to move toward meeting our long-term needs.
The Congress and the people of the country dreaded military despotism. That dread made them prefer the evil system of militia and the short-term enlistments to a properly organized standing army. To their fearful imagination the standing army would very quickly be followed by the man on horseback and by hopeless despotism.
"Yes; that's about it," replied the tar. "Soldiers as has committed murder or suthin' o' that sort an' got twenty year or more for all I knows. The other fellers further on there, in chains, is short-term men. Bin an' done suthin' or other not quite so bad, I suppose." Miles advanced "further on," and found eight men seated on the deck and leaning against the bulkhead.
I propose catastrophic health insurance for everybody covered by Medicare. To finance this added protection, fees for short-term care will go up somewhat, but nobody after reaching age 65 will have to pay more than $500 a year for covered hospital or nursing home care, nor more than $250 for 1 year's doctor bills.
And our deficit in our basic transactions with the rest of the world trade, defense, foreign aid, and capital, excluding volatile short-term flows has been reduced from $2 billion for 1960 to about one-third that amount for 1961. Speculative fever against the dollar is ending and confidence in the dollar has been restored.
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