Word: forecasters
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Frederick Jackson Turner had it easy. The historian forecast the end of the American frontier--and then he died. Dan Burden is left with the complicated reality of a country not just short on frontier but seemingly out of space altogether. Even in midsize cities and 'burbs, traffic congestion can be so extreme that a walk to the market is impossible, biking downtown a flirtation with death. Burden, director of the High Springs, Fla., nonprofit Walkable Communities Inc., has figured out what to do. He's the guy people call to get their space back...
...Harvard faces decades of compromise and enormous expense in Allston, but with big plans and nowhere to put them, Clarkâs forecast of a future built over parking lots and truck depots is almost certain...
...Meanwhile, the GOP is scrambling to fill in the gaps between Bush's long-term vision and the vulnerability they're feeling as summer driving season approaches. Bush's Energy Department is doing its part, insisting in its latest oil/gas forecast that "supplies are expected to improve and the chances that spot and retail prices will calm down are good." But Frank Murkowski, chairman of the Senate Energy and Natural Resources Committee, sent out a memo Wednesday listing six ideas which "will solve our energy problems in the short term...
...slowed to unexplainable levels. Executives have no confidence in whether the pace of new orders will slow further, stabilize, or pick up dramatically. That's typically when a company clams up--then it's "so long, comfort zone," and the stock jumps around. Last week web-design firm Macromedia forecast low visibility through the quarter, and its stock fell 22%. Others with vision problems include Ericsson, Nortel and Corning. Outside of telecom, Heidrick & Struggles, Kodak and Aetna need a stockthomologist...
These companies were blinded by the dust of an economy skidding to a halt. Corporate profits dropped 8% in the first quarter, a stunning reversal from the double-digit growth forecast last year. Not wanting to get it wrong again, a lot of CEOs are simply saying they'll have to wait and see. Worsening the vision void, new regulations require that companies say nothing unless they say it in a venue for all to hear. Regulation FD (fair disclosure) has curtailed guidance on earnings...