Word: forecasts
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Dates: during 1950-1959
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With production high and unemployment low (4% of the work force), the forecasters see good business ahead. Tight credit may cause the housing industry to slip slightly to a rate of 1,200,000 homes. But Detroit's automakers have visions of a 7,000,000-car year in 1960, with 18%-20% of the market in the compacts. Steelmen forecast a total of 125 million tons of steel next year, up nearly 35 million tons. Borg-Warner's Norge Division President Judson Sayre expects big increases in the appliance industry-8% for clothes dryers, 10% for refrigerators...
...main limitations of the table is it necessitates (assuming) technological conditions unchanged for the period of the forecast. A large, 450-catagory input-output table takes about two years to complete. This time lag, however, has not proven as serious as critics had predicted. In the United States, calculations based on 1947 figures were found to apply closely to conditions in 1952. Leontief and members of the Project are, however, developing a dynamic model to remove this limitation...
...Corsica came up on the radar screen of the President's Boeing jet, some 5½ hours out of a refueling stop at Goose Bay, the President's pilot got a discouraging report. Not only was Rome getting the rain promised on his long-range forecast, but the storm was worse than expected. Minutes later Colonel William Draper was cautiously circling Rome's Ciampino Airport. Then, assured of a minimum ceiling, he made his instrument approach, splashed to a smooth landing, and pulled up just twelve minutes behind schedule in front of a cluster of Italian officialdom...
Nonetheless, nearly all the Amherst-bred teachers voiced enthusiasm for their jobs. Reason: "A tremor of excitement coming from the secondary schools." With curriculums in ferment across the country, "notes of boyish idealism" were not uncommon among men in their 505. They forecast exciting opportunities in TV courses, team teaching, counseling. They urged Amherst students to enter a profession "on the way up," suggested that Amherst could thereby help "deflate the grey-flannel success myth" prevalent at "provincial" Ivy League colleges. One prep-school teacher asked: "What other job would pay me to play squash every afternoon? In what other...
...rate of $225 million annually, some 85% of it from Britain and the U.S. Britain is still Australia's biggest partner, but the U.S. is coming up fast. In 1948 the U.S. had only $115 million invested in Australia; today the kitty amounts to $670 million, and the forecast is for $1 billion in U.S. capital by the end of 1960. All told, 880 U.S. firms now do business in Australia. How well they do is evident from the statistics: a ten-year profit of $477 million, or better than 400% realized on the original 1948 investment...