Word: forecaster
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Johnson based his forecast for a 1965 G.N.P. of about $660 billion on the prospect that business investment in plants and equipment will grow "nearly as much" in 1965 as it did in 1964 (about 14%); that "current rapid gains in sales, and slim stocks in 1964, should produce a higher rate of production for inventory"; that residential construction "will remain high"; that state and local governments "will continue to enlarge their buying." Most important, he said, consumer confidence is now, and will remain, strong...
...huge C-5A cargo aircraft capable of carrying 750 soldiers and large, fast cargo ships propelled by gas turbine engines for quicker deployment of heavy military equipment; 4) large-sca'e procurement of the controversial swept-wing F-lll (formerly TFX) fighterbombers. In purposely vague terms Johnson also forecast "remarkable new payloads for strategic missiles," including more effective devices to penetrate enemy defenses "and methods of reporting the arrival of our missiles on target...
...ages 14 through 17 were students. By 1940 the ratio had risen to 73%. Now enrollment is close to 95% of the high-school-age population, and more than half the graduates will enter college. With 700 two-year colleges already enrolling nearly a million students, experienced trend watchers forecast that in 1980 the ordinary U.S. student will not leave the classroom until...
...large corporation. But Moses allowed the fair staff to burgeon unrealistically, and costs skyrocketed. Moses tacitly admitted the situation last October by slashing the permanent payroll. He promises a "new and brighter show in 1965," says of the present crisis that "we have survived worse weather." Nonetheless, the forecast for the fair in 1965 remains cloudy...
...This jaded city is all astir over Lyndon Johnson's inaugural at noon today. Washington has never witnessed so expensive an inaugural--$2.1 million--nor one so cold. The huge crowd lining the streets to watch the parade will have to stand in 20-degree weather if the official forecast proves accurate...