Word: forecasting
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...harshest phase of the layoffs may be over. Companies have reacted to this downturn more swiftly than usual with deep pre-emptive cuts. Still, economists expect that as many as 1 million more Americans may lose their jobs before the recession's effects fade next fall -- and that forecast assumes that the war ends within a few months. The Commerce Department reported a seeming indicator of strength in the economy last week, announcing that orders for durable goods climbed 4.4% during December. But only limited segments of the economy benefited, since considerably more than half the increase was attributable...
...waning days of the 1980s, ads for the Oldsmobile Cutlass touted the car's luxury features and driving pleasure. Today the pitch is much different. An Olds ad urges car buyers to "put your money in a safe place. No matter what the economic forecast, there is one investment you can always feel comfortable with." The mood of the U.S. has changed, and so has advertising. The country is fighting a war abroad and battling a recession at home, and commercial messages are adapting their tone to fit a back-to-basics attitude that is abroad in the land...
Faultiest Forecast Schools closed, people fled and disaster kits sold out as Dec. 3 approached in New Madrid, Mo., all because climate consultant Iben % Browning had predicted a major earthquake. The fateful day passed with no earth-shaking news, but there were casualties nonetheless: Browning's already dubious reputation and the credibility of media outlets that treated his forecast seriously...
Bennett's hopeful forecast was shared by the President, who declared earlier this month, "We're on the road to victory." Federal surveys found that "casual" consumption of cocaine and marijuana had fallen, as had emergency-room admissions and deaths from drug overdoses. Federal agents believe cocaine prices have risen because of the pressure international police operations are putting on suppliers...
...spectacle in Washington that made many Americans wonder if their system of government was too sclerotic to survive. Various pundits thought they detected a budding anarchic streak in the voters, a sullen, throw-the-bums-out attitude toward all incumbents, good and bad, Democrats and Republicans. Some political analysts forecast a populist revolt and called for campaign reform and mandatory term limitations to help restore the public's flagging confidence. But for all the advance drama and disquiet, when the ballots were cast and counted, the country did not seem to have changed much...