Corn ethanol can help in the short term, but it has serious limitations, and none of this is going to work if we don't dramatically improve the efficiency of our cars and trucks.

The long term versus the short term argument is one used by losers.

But this is a long-term thing. There isn't going to be any short, quick answer to this one.

We live in an age where everything is based on the short term.

Longer-term rates will not rise dramatically as long as the Fed keeps the short-term policy rate at 1 percent. However, the pressure for upward movement in bond rates is already there and will persist.

Management is all about managing in the short term, while developing the plans for the long term.