Word: forecasters
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...Reuss, economist at Piper Capital Management, based in Minneapolis, Minn., believes a recession could occur in the U.S. early next year. He pins his forecast on the debt-burdened consumer. Reuss estimates that half the households with less than $50,000 in annual income have non-mortgage debt equal to 24% of their take-home pay. "That is an all-time high," he notes, adding that the stress is apparent in rising bankruptcies and the recession-like 5% annual growth in consumer credit. A more normal credit growth rate is 10% to 15%. Now tack on uncertainties from a tumultuous...
Weather could become a factor, however, since the forecast is for rain both today and tomorrow. The last time the Crimson played in mud was a 14-12 nailbiter over Princeton two weeks ago in which the offense failed to score a touchdown...
...What's needed here is a blast of brisk, lake-effect air. A trip to Cleveland in late October should do the trick. With the forecast for temperatures in the low thirties, it's perfect weather for a World Series night game...
...long-term strategy: persuading the public, starting this week at a White House conference, to tolerate some pain now for the sake of a less threatening future. So, next time you turn on the Weather Channel, don't be surprised to see Clinton delivering the 100-year forecast...
Recognizing the pessimistic tone of his forecast, Yavlinsky said that to avert an oligarchic future Russia ought to apply the mantra "Just do it" to the cause of reform...