Word: forecasters
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...yearbook of Connecticut's elite Chaffee School predicted that Ella Rosa Giovanna Oliva Tambussi, the Italian immigrants' daughter who was there on scholarship, would become the first woman mayor of her home town, Windsor Locks, Conn. That was much too modest a forecast. As a young wife and mother, with a Phi Beta Kappa key and M.A. in economics from Mount Holyoke, Ella Grasso was elected to the state assembly in 1952. Captivated by her drive and political savvy, Democratic Boss John Bailey took her on as a speechwriter and adviser. Bailey once told her, she recalls, that "the only...
...hoped that if they held themselves to account, worked hard and demanded much of their children, salvation would eventually come and, too, be anticipated by signs here on earth: the obedient, pious child as a prophet. We have yet to relinquish that role for our children; they may not forecast heaven or hell for us, but they are all we seem to feel we have-and our obsession with them may be our way of saying that we place little stock in the lasting value of everything else we have, often in such abundance...
...recovery that is likely to be produced by "steady as she goes" policies bears no resemblance to anything that could be called a boom. If the forecasts are correct, unemployment a year from now will still be as high as it was at the bottom of some earlier recessions, and the inflation rate will be at a level that would have been regarded as intolerably high in most previous years. Indeed, at almost any time before 1974, predictions of 7.7% unemployment and 6.6% inflation would have seemed a forecast of disaster. That they are now prophecies of significant improvement...
...default has probably been averted, but the crisis has worsened a situation that will slow recovery anyway. Spending by state and local governments, discounted for inflation, rose by 6% as late as 1973; this year the increase was below 2%, and in 1976 it is forecast only slightly higher. There are reasons apart from New York's agony: cities and states have been caught by recession-reduced revenues and mounting welfare costs. But the New York crisis has helped to raise interest rates on bonds for some cities to 9.2%, and deepened an anti-borrowing mood among voters...
...Harold Wilson's pact with the unions, which holds wage increases to $12 a week, could reduce the inflation rate from this year's staggering 25%. But unemployment, now 1,250,000, is expected to remain at that painfully high level next year, and economic growth is forecast to be a paltry...