Word: forecaster
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Speaking in London, Donald Marron, president of Paine Webber-which itself has merged with Mitchell, Hutchins Inc. -delivered an apocalyptic forecast. Said he: "The institutional equity business [e.g., handling of purchases by pension funds, insurance companies and bank trusts], standing by itself with full trading and research services, is no longer profitable for anyone. We may one day see a situation like that in accounting, where the business is dominated by a small group of very large firms." That time may not be too far off. Even today well over half of all revenues of Big Board members is earned...
...metric tons-the lowest since 1975. That bland statistic caused tremors of shock through not only the U.S. Department of Agriculture but the Central Intelligence Agency as well. All summer long the Agriculture experts and the CIA operatives who try to keep track of conditions on Soviet farms had forecast a fat 215 million-ton harvest, indicating that Moscow would not need to buy much foreign grain this year. But the bulletin from Brezhnev meant precisely the opposite: the Russians would be buying a lot of grain-some 10 million to 15 million tons more than anyone had expected...
...interviewer that "we are rather close" to a new agreement in the Strategic Arms Limitation Talks. When might the agreement be reached? Cautioning that it was impossible to predict "with precision" Dobrynin said he would guess "by the end of this year." The White House found Dobrynin's forecast "encouraging...
...group of Cambridge-based scientists forecast in a report released Thursday that if the U.S. follows a large nuclear power program, the country could expect over 14,000 accident-induced deaths related to nuclear plants before the year...
...highly debatable. Prime Minister James Callaghan a few weeks ago told the Labor Party conference in Brighton that Britain is on the verge of an era of prosperity that "will eclipse anything seen since we became an industrial power 200 years ago." In his speech last week, Healey optimistically forecast that inflation would fall to a single figure. At present, inflation, though down, is still running at a high annual rate of 16.5%, and some unions are pushing for wage boosts going beyond the government's guideline of 10% a year...