Word: forecasting
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Other optimistic predictions came at week's end from Council of Economic Advisers Chairman Alan Greenspan and Budget Boss James Lynn, who presented an Administration updating of the forecasts that President Ford made when he unveiled his budget in February. Once again they conceded that the recession has been worse than they anticipated; for instance, they now expect unemployment to average 8.7% this year, v. an 8.1% average projected earlier (Greenspan said the rate is likely to rise for May and that it will top 9% before it gets better). But they also predicted a stronger recovery after midyear...
...council seats in 15 of Italy's 20 semi-autonomous regional governments. In polls taken last month, the Communists' showing improved by 2% or 3% over that in the last national election in 1972, which would give them an impressive nationwide total of 30%; the same polls forecast that the Christian Democrats would lose 3%, dropping to an overall 35%. But there are two jokers-or "jollies," as Italians call them-that may throw the polls out of whack: 1) some 2.5 million Italians from the ages of 18 to 21, enfranchised only in March, will be voting...
...management of corporate assets, and the reliability of the firm's financial reports. Early meetings have borne out the predictions. At last week's annual meeting of Touche Ross Client Chrysler Corp., 650 shareholders peppered management with some questions that the accountants had not included in their forecast. Among them: Would Chairman Lynn Townsend agree to resign? The answer...
Quick Approval. The airlines" most immediate worry is neither nationalization nor deregulation nor Government-forced mergers, but the prospect that their new cut-rate promotional fares will add only to gross revenues this summer while doing nothing for profits. Many industry analysts forecast that the lines will raise their percentage of filled seats above February's 48.5%, but that since the airlines will also get less revenue for each occupied seat, they will continue flying in the red. In taking that chance, the airlines are clearly changing their operating philosophy, and the CAB may be doing...
...better to anticipate and forecast the effects of such dislocations in resources, Taylor proposes creation of a National Policy Council, which would be an expansion of the NSC from its present four members - the President, Vice President, Secretary of State and Secretary of Defense - to seven, adding the Secretary of the Treasury, the Secretary of Health, Education and Welfare and a presidentially appointed representative of the economic sector. Policy planning and research would be broadened and proceed along four lines: foreign/milItary, economic, fiscal /monetary and public welfare. The four panels would work with relevant departments in Government and offer recommendations...