Word: forecast
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...Office of Management and Budget computer. Its master, Stockman, has admitted changing its programming early this year to avoid a forecast of embarrassingly huge deficits. Indeed OMB last summer hired four college students to supplement its work with calculations done by hand, because, says Spokesman Edwin Dale, "computers are awfully rigid." Nonetheless last week the computer in effect accused the House Appropriations computer of printing out phony figures that underestimated how much would be spent on food stamps and supplemental security income for the disabled. The resolution that came out of the Senate-House conference, said the OMB computer, would...
...extreme fear of cats. Some postulate a traumatic childhood experience with felines, while others blame the cat's galvanizing stare, or disdain for affection, or even its slippery, furred coat and unfriendly, arching backbone. Traditional superstitions still exist: cats suck the breath from sleeping infants, sour fresh milk, forecast the phases of the moon and serve Satan. A black cat is bad luck. According to old belief, a cat, through necromancy or something even more unfathomable, has been given nine lives. Such Draculatic positions, however, are rare. Cats themselves often seem instinctively to regard fear or hatred in people...
...prevailing view on how deep the recession may go is voiced by Allen Sinai, senior economist of Data Resources, Inc., a Lexington, Mass., forecasting firm. He predicts a drop of 2% to 3% in total national output, which would mean only a middling slump, "worse than some of the postwar recessions, but not as bad as others." Sinai, however, has some doubt about his forecast. The current downturn, he notes, began less than a year after the short but sharp recession of mid-1980. "A lot of corporations and financial institutions are in weak condition" because they never fully recovered...
...delivering in the first 11 months of its existence, indeed, in the first two months since the tax bill went into effect, clearly shows more liberal frustration and impatience than any deceit on the part of the President. No administration, Democratic or Republican, has been able to perfectly forecast and control the infinite complexities of the American economy. To expect this of President Reagan is to ascribe to him even more omniscient power than some conservatives do. Nevertheless, the Crimson editor seems to base his distrust on this supposedly intended "deceit...
...deficit, even if that can be done only by raising taxes. Since January, Stockman has sliced $38.7 billion from the fiscal 1981 and 1982 spending packages that Reagan inherited from Jimmy Carter. But the 1981 budget that ended Sept. 30 still overshot the President's $55.6 billion forecast by more than $2 billion...