Word: forecaster
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Dates: during 1960-1969
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After the Weather Bureau predicts a seven-day heat wave, a revised forecast that the torrid spell will last only six days seems good news of a sort. In that not-as-bad-as-we-expected sense, President Kennedy had some good budget news to announce last week. Only "a few hours ago," he told reporters at his press conference, the Treasury sent him word that the budget deficit for fiscal 1963 (which ended June 30) was only $6.2 billion. That is another hefty deficit to run up in peacetime, but, as Kennedy pointed out with pride...
...January 1962, presenting his budget for the fiscal year that would end June 30, 1963, President Kennedy exercised a politician's license for optimism in predicting a tidy little surplus of $500 million. The forecast was, of course, hitched to the prospect of a resurgent U.S. economy. But the economy did not show the strength expected, and the Government spent more than it collected. Thus, as fiscal 1963 last week came to an end and as Treasury accountants began totting up the figures, they found that instead of that original little surplus, a deficit of some $7.8 billion seems...
Over the Memorial Day weekend, for instance, there were no fewer than four fly-ins. Near Elmira, N.Y., the second annual Southern Tier Air Fair drew 172 private planes and some 2,500 visitors to the Chemung County Airport, despite a bad weather forecast. The atmosphere at Elmira was a pure American blend of up-to-the-minute technology and old-fashioned county fair. Outside were refreshment stands, a chicken barbecue, cotton candy and a sound-truckload of continuous music; inside a large hangar were displays of the latest aeronautical equipment. The door prizes were free glider rides, and there...
...have something for everybody." Only six months ago many trendspotters had worried aloud about a mild recession in 1963, but the 20 professional economists reporting to the semiofficial Business Council last week saw the gross national product rising 4% to $578 billion for the year. This was a modest forecast; many economists anticipate a G.N.P. of at least $585 billion. At the semiannual meeting of the Council's 100 leading businessmen in Hot Springs, Va., Chief Presidential Economist Walter Heller conceded that the Administration had been too con servative about the year, said that the Government might well "revise...
Unvarnished is hardly the word for Andrew T. Weil's extensive layman's guide to the Harvard Crimson. Although he most certainly is correct to say the Crimson is in flux, I question that he stands far enough from the maelstrom to forecast the flood's direction. And even if he were right about the passing of a golden age into something more serious and plodding, I am not so sure it would last. After all, the Crimson has always survived and benefited from both types, the Cleveland Amorys and the Anthony Lewises. Besides which Mr. Weil will have...