Word: forecasters
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Dates: during 1990-1999
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...Douglas Ivester stood out for his missionary zeal to spread Coca-Cola around the world. An accountant by training, with an eight-day-a-week work ethic, Ivester predicted a decade ago that he would be chairman and CEO of Coke by Nov. 1, 1998. He beat that brash forecast by a year when Roberto Goizueta, his charismatic mentor and predecessor, died suddenly of lung cancer in October...
...Nostradamus were alive today, his job would be safe, at least from the misguided futurists on Wall Street. Exhibit A is a gutsy little tome penned 10 years ago called A View from the Year 2000. As a device to forecast the '90s, Shearson Lehman Hutton looked back on a decade that hadn't yet happened. The first thing you notice in the report, though, isn't some way-out prediction--it's that the names Shearson and Hutton are about as familiar to investors today as were Dell and Cisco to analysts a decade ago--which...
...mild recessions sometime during the next 10 years and include assumptions that "do not contemplate the kind of growth that is actually going to occur." That would imply surpluses even greater than projected--a prospect confirmed by Allen Sinai, chief global economist for Primark Decision Economics, a forecasting firm. Sinai's "baseline" forecast, assuming no changes in taxes or spending patterns, is for a non-Social Security surplus of $1.3 trillion, or 30% above the official guess for the next decade...
...returns; but a mild winter or scorching summer could melt profits and principal. On another front, the Chicago Mercantile Exchange started trading weather futures in September. Along with pork bellies, plungers can now bet on the average monthly temperature in New York City, Atlanta, Chicago and Cincinnati. The forecast for this winter: La Nina is out; Joe Average...
...most authoritative predictions about future warming come from the Intergovernmental Panel on Climate Change, a worldwide consortium of more than 2,000 climate scientists. The current forecast is that by 2100 the earth's temperature will go up 1[degree] to 3.5[degrees]C (2[degrees] to 7[degrees]F), with the best guess being an increase of 2[degrees]C (4[degrees...