But Mr Turnbull says he knows how it is to be short of money and to live in rented flats.

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The country should not be short of money in the future.

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The point is that just like a lot of money can be made or lost in a casino in a very short time, a lot of money can be made or lost in Apple stock in a very short time almost every day.

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"In Bognor the contest takes us six months to organise, so to organise it somewhere else in two months would be a timescale that, short of someone coming in with a lot of money, would be impossible, " he said.

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The thing is, lending small amounts of money for short periods of time is simply going to be expensive.

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If they turn out to be a bit short of capital, they should be able to find what they need either through selling assets or through raising money from investors.

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And it would be enormously short-sighted to take money from that type of job creation to cover this now.

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There is, then, plenty of money to be made in China in the short term.

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This tells me there is a lot of money to be made if you act quick and follow the short to mid-term trends.

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Once, many moons ago, I spent a month in Iceland with too little money and nothing to slow a march of days that seemed already to be getting much too short.

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The LGA says it does not expect "significant financial problems" in the short term as town halls put money in a wide range of institutions and vital frontline services should not be affected.

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