Word: forecasted
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Dates: during 1950-1959
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...major reason for these incongruities is that the prodigious arms program, whose future economic fury was the main argument for controls in the first place, never came off. Instead, there was one roll-back after another. The tremendous inflationary pressure forecast turned out to be little more than a mild shove...
...turn of the century, shaken by his historian's vision of things to come, Henry Adams forecast a future in which "the new American-the child of incalculable coal power, chemical power, electric power and radiating energy, as well as of new forces yet undetermined-must be a sort of god compared with any former creation of nature." In 1952, no one felt less like a god than the tax-burdened, world-involved American. But in 1952, with only 7% of the world's people, the U.S. produced 52% of the world's mechanical energy, and used...
...catch up with existing demand; in 1952 they expanded to meet future demands, on which they put no limits. U.S. business had climbed to what it thought to be a peak, only to find that it had reached a broad plateau and that the peaks were still ahead. The forecast for further expansion was not based merely on arms-spending. It was predicated as well on a continued and continually surprising population increase...
...Government income, there may be a boost in the regular corporate tax. The 11% cut -in personal income taxes due next December will mean another loss ($2.9 billion a year) in revenue. In the tentative budget prepared by the Truman Administration for the next fiscal year, there is a forecast of a $6 billion bookkeeping deficit. Hence, Eisenhower will have to cut spending $8 billion, at least, and hold off the congressional tax cutters to meet his goal of a balanced budget. If he can roll up a surplus, then taxes will be cut to the extent of the surplus...
...bystander can detect an approaching switch in the Communist Party line, but it takes an expert to guess the exact number of rings in a rattlesnake's tail. The Parisian newspaper Le Figaro has an expert who, listening closely to the rattling of the French party, has accurately forecast such moves as Leader Maurice Thorez' summons to Moscow in 1950 and the recent purging of oldtime militants Marty and Tillon. Last week Le Figaro's expert, who signs himself "XXX," predicted that the next man marked for Communist oblivion is pudgy, acting Party Secretary General Jacques Duclos...