pants term English

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It is therefore dangerous to extrapolate from short-term trends.

Bad accounting frameworks always lead to bad information, and bad information leads to bad decisions, with serious long term consequences.

This essay, more than anything else, defined Putin's second term.

And, of course, being General Secretary carries no constitutional term limit.

But his term ends next year and he cannot run again.

So, instead of retiring gracefully, as presidents from Bill Clinton to Boris Yeltsin routinely do, Kuchma wants to change the constitution in order to become an all-powerful prime minister who will never face a limit on the length of his term.

If he gets them right, he can forget about his short-term critics.

Both factors challenge us to define, in the longer term, more sustainable patterns of production and consumption.

Local-currency bond markets could help to develop domestic investor bases and mobilize domestic savings to support long-term investments.

As such, the long-term consequences are likely to be regrettable.

Conceivably, over the longer term, China's successful campaign could now open the door to lobbying by other governments to include their currencies as well.

The short-term interest rates it controlled didn't budge.

First, short-term interest rates were already so low that everyone would see further cuts as temporary only.

They would thus have little effect on the longer-term rates that really drive business investment.

Most economic research suggests that gold prices are very difficult to predict over the short to medium term, with the odds of gains and losses being roughly in balance.

While the legislation does too little to address America's problem of chronic and rising budget deficits, the damage that it inflicts on the economy in the short term is likely to be limited.

Cutting these programs will lower American economic growth in the long term, with negative consequences both at home and abroad.

Kenen was mainly concerned with short-term transfers to smooth out cyclical bumpiness.

But, in a currency union with huge differences in income and development levels, the short term can stretch out for a very long time.

Under these circumstances, budgetary recklessness is a virtue, at least in the short term.

In the medium term, once growth revives, debt can be paid down and the financial sector curbed so that it does not inflict another crisis on the world.

Two problems need to be addressed: the credibility of Greece's fiscal stabilization program, and how to cover the country's medium-term financing gap.