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Updated: August 7, 2024
Nevertheless, the stupendous fact remains that France, caught in a European war most unaware, with impaired budget and a floating indebtedness, has carried the greatest war of her history for six months without a long-term national loan and by the issue of less than $200,000,000 5 per cent short-term notes for not exceeding one year, and credits for less than $800,000,000 from the Bank of France; has maintained her gold basis unimpaired; and has kept the international exchanges steadily in her favor; and all this without any special financial legislation.
Even in the current bear market, the average multiple of the p/e price to earnings ratio is 45. Standard portfolio management theory explicitly states that the investment horizon is irrelevant. Both long-term and short-term magpies choose the same bundle of assets and, therefore, the same profile of risk and return.
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.
I called for an election by informal ballot of short-term officers to serve until a time of regular elections could be set. Our first ballot polled seventy-three votes, although there were only fifty-five persons in the room. I threw that out and called for a roll call vote. In due time a regular election took place, and officers for three months were elected.
He also reminded us that "the future lies with those wise political leaders who realize that the great public is interested more in Government than in politics." So, let us, in these next 2 years men and women of both parties, every political shade concentrate on the long-range, bipartisan responsibilities of government, not the short-range or short-term temptations of partisan politics.
His brilliant presentation was instrumental in gaining repeal of the Stamp Act, but the short-term solution created long-term confusion. ibid., 327-352. Nevertheless, repeal was achieved and a collective sigh of relief was heard in London and in the colonies. The colonists rejoiced in their victory.
Even if the Internet is a huge information tank, the press will always need journalists, as explained by Jean-Pierre Cloutier, editor of the Chroniques de Cybérie, in an article of WebdoMag of July 1998: "Some people predicted the short-term disappearance of the traditional media and their creators.
This constitution deprived the executive of almost all power, and provided a feeble, short-term judiciary, throwing the control of affairs into the hands of the legislative body, in accordance with what were then deemed Democratic ideas.
But employers and employees must do their part, as well, as they are doing in so many of our finest companies working together, putting the long-term prosperity ahead of the short-term gain. As workers increase their hours and their productivity, employers should make sure they get the skills they need and share the benefits of the good years, as well as the burdens of the bad ones.
Major portions of the world's population continue to be threatened by the specter of hunger and malnutrition. During the past year, some 150 million people in 36 African countries were faced with near disaster as the result of serious drought, induced food shortages. But the problems of hunger cannot be solved by short-term measures.
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