Word: forecaster
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Dates: during 1960-1969
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...present commitment to maximum efficiency. Westmoreland's only significant request was to continue bombing the North without any extended pause. He compared the war to a knitted sweater, stretched and worn until the threads have grown thin. "In time," he said, "it will unravel. It is difficult to forecast when it will unravel...
Despite their misgivings, most businessmen predict rising sales next year. "We are backing up our forecast by increasing production," says Chairman William Blackie of Caterpillar Tractor Co. "Most businessmen I meet feel we're going to succeed-in spite of Government." Optimism, however, is often tempered with worry over strikes, rising labor costs, and, inevitably, squeezed profit margins...
...every ill including the common cold." But Ackley, from rostrums in Los Angeles and Manhattan, spelled out the Administration's case in somber detail. Without higher taxes, he warned, the nation faces "potentially serious trouble" with "price increases and soaring interest rates." On top of that, Ackley forecast "a deteriorating trade balance and new weakness in housing alongside a possibly unhealthy boom in investment, inventories or even consumer spending on durable goods." A tax surcharge, Ackley insisted, would make the difference between an economy that is "healthy, balanced and noninflationary" and one that is "overexuberant, unbalanced and that generates...
...labor force accustomed to full employment -the ranks of newly unemployed are now growing only moderately. Because fewer workers are turning out about the same amount of goods, output per man has climbed. But amid rising prices and escalating taxes, few Britons quarrel with Harold Wilson's forecast: 'This is going to be a difficult winter...
...above the 1967 level. Strikebound Ford lifted its car prices by $114 (3.9%), Chrysler by $133 (4.6%). Inventory liquidation by businessmen, one of the principal drags on the economy this year, is dwindling, and housing and industrial production are up. "A business acceleration is no longer a forecast," said Chairman Gardner Ackley of the White House Council of Economic Advisers last week. "It is a fact...