Word: forecasters
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...state remains proud of its native son, no matter how many national debates he may spark. Nevertheless, Obama will be coming home to a state struggling with the sour taste of recession. Although a forecast this month by University of Hawaii economists predicted that the new year will bring improvement, unemployment hovers at 7% and, for the all-important tourist trade, visitor arrivals are down 4.2%. Perhaps worse, at least among the parents of 170,000 public schoolchildren, is the national scolding Hawaii received by U.S. Education Secretary Arne Duncan after Hawaii Gov. Linda Lingle closed schools on Fridays...
...Meryl Streep, Steve Martin and Alec Baldwin), a big action picture (Sherlock Holmes with Robert Downey Jr. as the martial-arts sleuth) and Alvin and the Chipmunks: The Squeakquel, plus the long-awaited wide release of Up in the Air. The competition of that imposing lineup suggests a cloudy forecast for Avatar, with or without snow...
...these outlooks is going to be proven wildly wrong. So then why venture such big, bold guesses at the future in the first place? Well, because one forecast might be close enough to right to pay off handsomely. "A lot of unexpected things happen each year, and you can make a lot of money as long as you get some of them right," says Byron Wien, a Blackstone Group vice chairman who puts out an annual list of ten surprises for the following year. "If you cut your losses on what you get wrong and let your winners runs...
Doll doesn't put out his forecast until January, but already clients are clamoring for it. Why? "They're curious, and they're trying to figure out what to do themselves," he says. Accurate or not, a forecast is something to hold onto. Or maybe we just sleep better having bet on someone else's guess rather than...
Spare a thought for the British traveler this holiday season. Heavy snow forecast for late Thursday, usually enough to bring the country to a halt, will likely disrupt many people's weekend road and rail journeys. Thousands more, meanwhile, are stranded overseas after Wednesday's collapse of Flyglobespan, Scotland's biggest airline. And with baggage handlers and check-in staff at some British airports planning a series of strikes over pay starting Dec. 22, it hardly feels like the festive season...