Word: forecaster
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Dates: during 1950-1959
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Whether or not the College reaches its goal by June, Pratt forecast an unavoidable rise in student tuition and board costs, during coming years. "I think it's almost inevitable that the price charged for a college education will go up, just like the price charged for everything else," he asserted...
...result, as reported last week by the Federal Bureau of Labor Statistics: after creeping up to the alltime peak last November, consumer prices slipped downward a little in December to pare the BLS consumer price index two-tenths of a point, to 123.7 (the 1947-49 average: 100). Price forecast for 1959, as most economists see it: renewed upcreep...
Underlying the President's budget balance is an optimistic prediction that "a rapidly advancing economy" will produce a $9.1 billion increase in the Government's income. Insisting that his revenue forecast is "realistic," the President noted that after the 1953-54 recession, the jump in federal revenues ''was more than the increase estimated in this budget." He asked Congress to extend corporation and excise taxes at present rates for another year, also requested Congress to up the federal gasoline tax from 3? to 4½? a gallon and slap...
...turned a small, second-rank outfit into one of the industry's highest flying companies, standing 13th among all defense contractors. McDonnell Aircraft's sales last year hit a record $442 million (up 32%), while net income climbed to a peak $10 million, with still more gains forecast for fiscal 1959. Current backlog alone amounts to $600 million. All this from a fledgling that delivered its first design barely 16 years ago and four years ago fell into the kind of trouble that could have wrecked...
...over Berlin will not take place," proclaimed West Berlin's Mayor Willy Brandt last week. Though conceding that "many critical moments" must be expected in 1959, Socialist Brandt based his confident forecast on three successive victories won in the last weeks of 1958: 1) West Berlin's municipal election, in which Communists got less than 2% of the vote; 2) West Germany's demonstration of solid economic support to the beleaguered city; and 3) the Western Allies' united stand against Khrushchev's proposal for their withdrawal...