Word: forecasting
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...blow to car sales, which are already slumping. Maryann Keller, a prominent auto analyst with Furman Selz Mager Dietz & Birney, a Manhattan-based investment firm, predicted that U.S. sales of cars and trucks would fall about 15% next year, to 9.5 million vehicles. One reason for her gloomy forecast, she said, was that the loss of wealth caused by the stock- market decline would have a "significant effect on consumer confidence and the ability to spend...
...thousand residents of nearby Tuolumne County were forced to flee from the 50-foot walls of flame. In all, some 9,000 people were ordered to evacuate their homes in a dozen mountain settlements. More than 20,000 fire fighters were enlisted to help. With no rain in the forecast, they were braced for a long battle...
Both sides had predicted that a strike this summer against South Africa's most important industry would be a nasty affair filled with ultimatums and mass firings. That forecast came true last week as hundreds of thousands of the country's black mineworkers stayed off the job and the mining companies hit back with the start of mass firings. But after a four-hour negotiating session Sunday, the blows and counterblows came to a sudden end. "The strike is over," said Johan Liebenberg, chief negotiator for the Chamber of Mines, which represents the six largest mining companies. While the settlement...
...crunch dissipated with some clever reshuffling and normal student attrition, the College began to devise solutions and the forecast is better for next year. The Quad renovations will be completed by early next fall and Dean of the College L. Fred Jewett '57 has implemented an annex housing plan that will house 101 undergraduates in rent-subsidized apartments in Peabody Terrace, the Botanic Gardens and 8-10 Mt. Auburn...
Moreover, most forecasters agree that the expansion still has a way to go. Says Alan Greenspan, a New York City-based economic consultant: "We are going to slug along." The consensus forecast of 51 economists and institutions surveyed in the Blue Chip Economic Indicators newsletter is that GNP will rise 2.5% this year and 3% in 1988. The Administration maintains its own optimistic forecast: 3.2% growth for this year...