Word: forecasters
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Dates: during 1970-1979
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...like her to be. This week she is scheduled to appear again before Bob Giaimo's House Budget Committee and give her colleagues' views on the economy's course for the rest of 1977. Her outlook will probably be much less radiant than the official Administration forecast-and thus cause for yet another round of muttering by agitated politicians...
...executive-jet business. But some industry experts believe that the market for turboprops like the King Air (1,500 are flying today) may soon reach the saturation point, and General Dynamics' experience with jet power could help Beech expand into that field. This year, for example, industry analysts forecast that the light-plane manufacturers will sell 12,300 small single-engine prop jobs like the familiar Beechcraft Bonanza at a total wholesale cost of $375 million. Yet their sales of bigger jet craft, while projected at just 230 planes, will bring them almost as much revenue: $368 million...
...begin submitting evidence to refute U.S. Justice Department claims that the company has "monopolized or attempted to monopolize" the general purpose digital-computer market. This defense effort is expected to require another three or four more courtroom years. At a pretrial hearing in 1973, U.S. Judge David Edelstein doggedly forecast that he would "prove the legal system is so advanced and so so phisticated that there is no case that's unmanageable." The verdict on that...
...that ended in 1972. "At best, it'll be 1985 before a change in the IBM market structure is finally ordered," says one Washington attorney, "and by that time, the markets will have changed dramatically, maybe making the restructuring irrelevant." For that reason alone, many computer-industry experts forecast another face-saving consent decree, to be negotiated by the Government -a solution that would leave IBM intact and dominant in the industry...
...supports as possible. In addition, record-breaking wheat crops were harvested worldwide last year, cutting into American farmers' export markets. The U.S. consumes only about two-fifths of its wheat crop, relying on foreign buyers to gobble up the rest. Another bounteous global grain crop is forecast for this year, which will further soften demand for U.S. wheat. The Soviet Union, for example, is likely to gather in a near record 215 million tons of grain this year, just 4% less than last year's peak...