Word: forecaster
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Dates: during 1960-1969
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Another cheery note for 1960's second half is international trade. The National Foreign Trade Council forecast that U.S. exports (excluding military aid shipments) will exceed imports by $3.4 billion by the end of the year. During 1959 the surplus was just under $1 billion. Aided in particular by foreign sales of commercial aircraft, and of copper and iron and steel products, exports in 1960 are expected to total $18.8 billion, against imports of $15.4 billion. This export surplus will help the U.S.'s balance of payments, and the U.S. trade deficit is expected to drop from...
...orders fell off and production dropped below 50% capacity. Earnings of U.S. Steel were $3.35 per share in the first half of 1960, down from $4.50 last year. But Big Steel Chairman Roger Blough predicted a "modest and gradual rise" in output for the rest of the year, forecast that the mills would operate at 55% of capacity in the third quarter. Jones & Laughlin first-half earnings were $3.24 v. $5.31 in 1959. Bethlehem earnings dropped 92? from last year's first half to $1.72 per share, but Bethlehem President Arthur B. Homer, noting that July orders were running...
...skeleton of his story, which earned Kazantzakis the censure of the Greek Or thodox Church, contains such orthodox dogma as Jesus' virgin birth, miracles, divinity and (in forecast) resurrection. But Kazantzakis' Christ is far more man than God-a man torn, like Kazantzakis himself, between flesh and spirit, dark and light. "Within me," he wrote, "are the dark immemorial forces of the Evil One, human and prehuman; within me too are the luminous forces, human and prehuman, of God-and my soul is the arena where these two armies have clashed and met. The anguish has been intense...
Tech Ops is even doing something about the weather. "The trouble now," explains Tech Ops' President Frederick C. Henriques, 43, "is that you call up the Weather Bureau and receive a forecast of 'fair and warm' only to look out the window and find it's raining. That's because there is now a six-hour lag between forecasts." To cut weather forecasts to only a 20-minute lag around the nation, Tech Ops has joined with United Aircraft to develop a semi-automatic weather forecasting network for the Air Force, the Federal Aviation Agency...
...reported that in the first quarter, profits rose to the annual pre-tax rate of $48.8 billion, up $4 billion from the last quarter of 1959, and up $1.8 billion above the rate for all of last year. Budget Director Maurice Stans says it is "a little premature" to forecast the corporate profit rate for 1960, but he cautions that the Government's revenue forecasts of $84 billion "will certainly be squeezed if earnings are anything less than $51 billion for the year...