Word: forecasting
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They based their prediction on what scientists call the gap theory: that a quake can be expected in any part of a seismically active region where one has not occurred in the past 50 years or so. Understandably, the forecast was so vague that it was ignored and no preparations were made for the disaster that was, in deed, impending...
Ironically, the phased decontrol of oil prices announced in April, 1979 by President Carter could flood oil-producing Sunbelt states with new tax revenue, improving their competetive standing over less fortunate states. Conservative estimates by the Congressional Budget Office forecast that between 1980 and 1990 eight states will collect $112 billion in new revenue as a result of increased severance, corporate, and property taxes due to raised oil prices. Alaska's average yearly revenue increase will equal three times its relatively small 1978 budget. The six other states will enjoy similar, if less substantial profits...
Several student leaders yesterday predicted a Reagan landslide, while others forecast a close race. But Jerome S. Fortinsky '83, chairman of Harvard-Radcliffe Students for Anderson, said yesterday he expects "a last minute surge toward Anderson...
Other city officials echoed Sullivan's gloomy forecast. At least three schools would close, and 250 of the city's 850 teachers would lose their jobs, Oliver Brown, a budget analyst for the school department, said...
...Vries' latest predictions on the problems caused by OPEC surpluses are being studied closely by bankers and political leaders, since he has long been optimistic about the ability of the world financial system to handle the recycling of petrodollars. During the 1974 oil crisis, most experts forecast that OPEC coffers would be bulging with about $1.5 trillion by 1979 and that loans to LDCs would be insufficient to cover their deficits. De Vries, however, was among a minority of economists who correctly argued that OPEC would rapidly increase its imports and who predicted that international banks could handle...