Word: forecasting
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...money in the initial stages of Pentagon programs. The St. Louis-based firm has spent about $50 million to develop the advanced tactical aircraft, while its sales of submarines and tanks have been flat. Profits are expected to dip about 5% this year, to $415.2 million, and some analysts forecast a drop of 7% or more next year...
...forecast is devastating for farmers who were just recovering from a decade of low prices and high interest rates. Silos full of surplus grain from past harvests will protect grocery shoppers from noticing much more than a modest increase in most food prices. With thousands of undernourished cattle and hogs being driven to the slaughterhouse, meat prices may even go down. But trading in the commodity pits of Chicago has been frantic, a new pot of gold for plungers who bet on feast or famine. This cursed drought has brought them a bonanza. Soybeans, for instance, are now selling...
California was supposed to be different in 1988. Earlier contests were going to be so inconclusive that Golden State voters, whose primaries always come late in the season, would have unusual influence in choosing both nominees. Like many an '88 scenario, that forecast foundered on the reefs of reality. Californians, along with voters in New Jersey, New Mexico and Montana, will anoint rather than select the nominees next week...
...when it allows Republicans to snicker at his much touted Massachusetts Miracle. Last week the front runner in the Democratic presidential campaign was forced to concede that sagging tax revenues have thrown his $11.6 billion 1988 budget out of balance by more than $300 million, with additional red ink forecast for 1989. Since the Massachusetts constitution mandates a balanced budget, Dukakis must trim spending programs -- a task that should be good practice if he ever moves to the Oval Office...
...young people do not see it that way. In their view, Washington is already doing too much for aged citizens, a perception that could bring about a serious breach between the generations. Already the emerging power of America's grandparents frightens many of their children and grandchildren. Some experts forecast a costly confrontation, in which embittered young people and embattled older ones fight with the most sophisticated political weapons over ever scarcer resources. In the shorthand of demographers and journalists, the scenario is known as the age wars...