Word: forecasting
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...discovery of these faults is of far-reaching significance. For the first time, scientists are linking earthquakes in the New Madrid region to specific features in the earth's crust. That means they should be able to measure these movements and perhaps ultimately even forecast future large quakes. Is another monster New Madrid quake likely? Seismologist Otto Nuttli of St. Louis University has no doubts. Says he: "Pressure is building up all along the fault. That's why we're having small earthquakes. The little ones are symptomatic of the stress. They are not relieving it. Everything...
...economic. The Secretary explained that the higher aid package was necessary in part because the company now needed "greater resources than were apparently required in August." Actually, the Administration had known that Chrysler's third-quarter deficit would be huge, and in fact last September the company had forecast an even larger loss...
...short run, skyrocketing interest rates will just make the plague worse, since rising interest simply pushes up the cost of money. In fact, the new boost in rates makes it even more certain that the actual amount of inflation this year will far exceed the Administration's official forecast; it still maintains that the rise in prices for all of 1979 will be no more than...
...standing ovation from the AFL-CIO Building and Construction Trades unions with a view that seemed totally at odds with the Government's new credit-tightening policies. Despite predictions of a slump in home-building Carter declared: "In fighting inflation, we do not sacrifice construction jobs." Carter forecast that his windfall profits tax on crude oil will finance energy programs that will amount to "one of the biggest construction projects in world history-on a scale comparable to building our interstate highway system." Despite such rhetoric, his flat delivery was received mostly with polite applause...
Pundits labeled the contest the Battle of the Buses. The two sides vied as fiercely for vehicles as they did for voters, since the turnout had been forecast at only about 40,000 of the state's 2.8 million Democrats and, as Kennedy Operative Diane Abrams put it, "One bus may well make the difference." Not only buses but vans, cars and even funeral-home limousines were chartered for the vote. The Carter team claimed an early victory: 500 to 600 buses to the Kennedy camp...