Word: forecasting
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Robert E. Kaufman '62, assistant to the dean of the Faculty for financial affairs, forecast a continuation of tuition increases in January...
...meeting last week, the Board members revised only slightly their specific forecasts for 1974. Several who had looked forward to an upturn starting at midyear now think it will be delayed until the fourth quarter. That will produce only 1% real growth or less-.3% says IBM's David Grove. But most cling to forecasts that unemployment will peak at about 6% (Nathan, an exception, guesses 7% or more) and that consumer prices this year will average close to 9% higher than in 1973. Though scarcely cheery, those latter predictions are little worse than those made a few months...
...first foray into "alien" male territory came in 1952 when, as a staff member of the U.S. Economics Corp., she prepared and delivered a forecast for Ford executive, then found herself presenting it in person. She was asked back for a follow-up and has not felt awkward in all-male company since. She rose to become president of U.S. Economics Corp. in 1969, engineered a merger with Lionel D. Edie & Co., then joined the American Paper Institute in 1973 as a vice president and picked up a directorship of Sears. Along the way she forged a new approach...
...always, economists are making predictions anyway. The general forecast for 1974 is glum: headlong inflation and a marked slowing in production, jobs, income and profits. It all adds up to a mild recession or something close to it in the first six months, with some quickening of the economic pulse thereafter. Even this lackluster prediction is hedged with qualifications because, as the Morgan Guaranty Trust Co. circumspectly notes: "The range of downside possibilities in the coming year is a good deal wider than it has been in a long, long time...
...realistic figure. But at a recent meeting of TIME'S Board of Economists, Banker Beryl Sprinkel reluctantly counseled acceptance of "a rather perpetual, sizable inflation on the order of 5%" yearly. In a recent poll taken among some members of the American Economic Association, no fewer than 43% forecast that inflation will average 5% annually for the rest of the 20th century...