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short pants
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News and current affairs
It is therefore dangerous to extrapolate from short-term trends.
For a short while, many prominent people - Albert Einstein, for one - believed that only a world government would be able to ensure global peace.
Devaluation of the dollar could improve US competitiveness in the short run, but it is not a solution.
In the short run, the US current-account deficit will remain, regardless of which country runs bilateral surpluses.
In short, he was a modern Jew in the best sense of the word.
And, as we have seen in many countries' efforts to ameliorate the crisis, the non-cooperative protectionist response is much more likely to be adopted - despite wide recognition that it is highly destructive - when aggregate demand is in short supply.
If he gets them right, he can forget about his short-term critics.
But we can take it a step further back: people's income is lower and their jobs are insecure because they were not spending a short time ago - and so on, backwards in time, in a repeating feedback loop.
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.
Second, short-term interest rates were so low that additional cuts would spook the financial markets: if even the Fed thought conditions warranted cuts, the argument went, businesses would respond not by increasing their investments but by reducing them.
Driven by short-term electoral horizons, policymakers repeatedly seek a quick fix - another bailout or one more liquidity injection.
In short, Germany during the World Cup is reminiscent of a Shakespearean midsummer night's dream, with a touch of Woodstock to boot.
Ethiopian village life has long depended on two crops, one during a short rain in March and April, and the main crop during the long rain in the summer months.
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.
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.
Flower growers in Kenya, who depend on air transport to take their short-lived product to Europe, suddenly had no income.
Under these circumstances, budgetary recklessness is a virtue, at least in the short term.
Unfortunately, despite past stimulus, growth is still tepid, and it is increasingly difficult to find sensible new spending that can pay off in the short run.
With a long-term strategic vision, the EU could overwhelm and ultimately undermine Putin's short-term successes.