Word: forecasters
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Supporters expect the project to mean great things for the Land of Enchantment. With site tours and a museum planned, organizers hope to welcome 1 million visitors annually. An independent study has forecast up to 5,000 new jobs and a $1 billion boost to the region's economy as Virgin Galactic and other aerospace companies move from tourism into commercial spaceflight like low-cost satellite launches...
...Frog puts her big dreams to music, singing, "I'm almost there." That's the position of Disney's 2-D animated feature, which opened wide Friday. It won this preholiday weekend, according to early studio estimates, but with a tepid $25 million, a bit less than forecast by industry analysts. Rather than reaching the stratosphere of Pixar 3-D cartoons, Princess replicated the openings of Disney's recent in-house animation efforts like Meet the Robinsons and Bolt. Execs at the Mouse House hope their new film will play well through the Christmas season. And Princess did register...
Nobody likes being wrong, especially in front of millions of people. But that's part of the gig. The 72-hour forecast is almost at 90% accuracy. Five-day is about 75% accurate. That's pretty good. It's easier to predict the weather than the economy, and it's not going to screw...
...Stemberg, former CEO and founder of Staples, and now managing partner of the Highland Consumer Fund, sees no correlation between Black Friday sales and a retailer's ultimate success or failure over the holiday season. "Black Friday sales are about as meaningful as Groundhog Day is to the weather forecast," says Stemberg. "What happens is every retailer blows his brains out with these door-crasher deals trying to generate traffic...
...A380 was controversial in conception, delayed in construction and years late on arrival. But none could have predicted that the A380 would fly into the most turbulent economy in the history of aviation. Air France ordered a dozen of the $300 million aircraft in 2000, when the economic forecast called for steady growth. By the time Air France took delivery nine years later, the industry was on its knees and the big-spending investment bankers whose business- and first-class tickets make up the bulk of airline profits had largely evaporated...