Word: forecaster
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...inexorable march of history, wrote Hegel, there occur moments when the sheer weight of accumulating events finally produces a decisive change. August 1970 may well go down as one of those moments, the beginning of the elusive "era of negotiation" that has been forecast by Richard Nixon...
...Administration policymakers view the prospect as victory-at last -for their economic game plan. If the general forecast is right, they will achieve their aims of curbing inflation and avoiding a full-scale recession, though the slowing down in prices will take much longer and the rise in unemployment will be higher than they had reckoned. The victory is also likely to be less than total. The Administration's goal once was to force price increases down to 2% a year; now some officials seem ready to settle...
Company and union men take it almost for granted that when contracts expire on Sept. 14, the auto workers will call a strike. The most widely anticipated action is for the union to hit General Motors, its toughest opponent. An alternative forecast is for an initial walkout against Ford, which seems more willing to compromise, to establish basic money terms of a contract; that would be followed by a shutdown of G.M. in which work rules would be a central issue. Many Detroiters expect the strike-or strikes-to last until Christmas, or later. The union's $120 million...
...revolve around the deployment and setting up of new weapons systems. There will be lots of aerial incursions." By an electronic summer, Dayan meant clashes between Soviet-built, radar-controlled Egyptian surface-to-air missiles and Israeli jets equipped with electronic countermeasure (ECM) devices. Bearing out Dayan's forecast fully, the electronic war last week was humming at full frequency-and it involved not only the principal Middle East adversaries but increasingly the U.S. and Russia...
Ruefully, Rinfret concedes: "That got me a lot of bad publicity." Even so, he still defends that forecast as technically accurate, because classic recessions have involved, for example, sharper rises in unemployment and declines in production than the U.S. has experienced. But of late he has vacillated. "The only way to solve inflation is by a recession," he wrote two months ago, "and that is the way we seem to be heading." After President Nixon's latest speech on the economy, Rinfret again changed his mind. "It was a turning point in economic policy," he says. "The odds modestly...