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The current focus on reducing the role of the market maker is penny wise and pound foolish, and could prove costly in the future.
ECONOMIST: Letters
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The climate of uncertainty caused by deadlock in Washington is leading to penny-wise, pound foolish behavior at all levels of government, and Ameresco, Inc. (NYSE:AMRC) felt the pain severely in the third quarter.
FORBES: Ameresco Revenues Fall Off Fiscal Cliff
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Nonetheless, in a penny-wise, pound-foolish manner, we have been prematurely reverting facilities and resources years before the treaty requires.
CENTERFORSECURITYPOLICY: Panama slipping into China's ready grasp?
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The Crawleys have proven to be pound-foolish once again.
FORBES: Downton Abbey Premiere Recap: Awful Money Error Threatens The $1.1B Fortune
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Obey with a well-established reputation for penny-wise and pound-foolish approaches to foreign aid in general and a lack of appreciation of Turkey in particular insisted on cutting the overall amount of U.S. assistance to Ankara in Fiscal Year 1993 and on converting it from a grant aid to loans.
CENTERFORSECURITYPOLICY: Center for Security Policy | Wake-Up Call From Saddam: Turkey Is A Friend In Need, A Friend Indeed
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The Center for Security Policy is profoundly concerned that, if the Clinton Administration has its way, the United States will make penny-wise and pound-foolish reductions in its defense establishment reductions which are both inconsistent with its abiding global requirements and very costly to reconstruct when, inevitably, it is recognized that such a step is necessary.
CENTERFORSECURITYPOLICY: Center for Security Policy | So Much For ��The Vision Thing��: Clinton-Aspin Defense Budget Is Risky Business
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History tells us that such penny-foolish, pound-stupid decisions cost us dearly in the longer term, as adversaries perceive our weakness as an invitation to aggression.
CENTERFORSECURITYPOLICY: Send away the Marines?
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In this era of global conflict, such penny-foolish-and-pound-reckless measures could prove not only to be harmful in the short run, but possibly disastrous in the long run.
CENTERFORSECURITYPOLICY: DoD Budget Threatens Cuts to Crucial Programs
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But unless he is foolish enough to imagine that defence of the pound can win him a general election as well as a European one, he has yet to produce a big idea that can challenge a Labour government that has seized the political centre.
ECONOMIST: Man overboard