Word: forecasting
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...addition to pushing unpopular programs, Feldstein has undermined his credibility with a series of inaccurate economic forecasts. Last January he projected that business would grow only 3.1% this year. That low forecast earned him the nickname "Dr. Gloom." He has since revised that figure an embarrassing four times, and now predicts that the G.N.P. will increase 6% to 6.5% this year. Says one White House observer: "This record reinforces Reagan's tendency to disregard the doomsaying of economists generally and to follow his instincts instead...
Several days after these findings hit the front page, the academy's congressionally commissioned report strongly echoed the EPA's gloomy long-range forecast. While it was couched in less dramatic terms, the study provided more fresh science, based largely on computer models. It warned that CO2 concentrations could double by late in the 21st century, increasing global temperatures by as much as 7°. The rich, irrigated farming areas of California and the Texas Gulf would dry out, and agriculture would shift to the north. Like the EPA findings, the 496-page document called for more research...
...great virtue of the court's decision that it clearly and unequivocally demanded desegregation, and then left the time and latitude for each community to find its own way to the goal set. No one could forecast precisely how the great new tide of law would feel its way around obstacles. But with the court's new mandate, it was clear that the tide was running, and, as long as the U.S. remained a government of law, the ultimate conquest of segregation was inevitable...
...economic recovery, which took off with a stunning leap in the spring and summer, has enough momentum to keep it going at least through 1984. Growth will slow a bit but stay strong, and inflation will remain moderate. The unemployment rate will gradually fall. That was the favorable forecast of TIME'S Board of Economists, which met last week in New York City. Said Otto Eckstein, chairman of Data Resources, a Lexington, Mass., economics consulting firm: "Once the economy starts going up, the forces of recovery are so automatic that forecasters can sleep nights. It is about the only...
...finally become too crowded. Consider the Census Bureau's conclusion that Washington, D.C., will experience the most severe decline in the U.S., from a population today of 631,000 down to just 376,500 at century's end. No sooner had that radical drop been forecast than other number crunchers disagreed. "It's just not going to happen," says George Grier, a Washington demographer. How does he know? "No trend," Grier says, "lasts forever...