Word: forecasting
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...delegates had ample cause to be gloomy. A forecast by the IMF staff said that the combination of higher OPEC oil prices and the U.S. recession will force the rest of the industrial world into a stagflation swamp next year. Average inflation in industrial countries will rise to about 8.7%, and growth will fall to a meager...
...measuring tiny distortions in large aluminum cylinders - deflections that may be caused by cataclysmic events in the heavens - they hope to achieve a goal whose proof has so far eluded Western scientists: unambiguously detecting the gravitational waves forecast by Einstein's general theory of relativity. Why is a nation still struggling to meet basic needs investing precious yuans and talent in such far-out endeavors? Explained Fang Yi: "We consider basic research fundamental to all scientific progress...
That is how TIME's Board of Economists views the Recession of '79, which it forecast as early as last November and which began in April. The bipartisan board agrees that the worst is yet to come: the recession will last 12 to 15 months rather than six to nine months, as previously forecast. The economy will shrink 3% during the decline rather than just 1% to 2%. Meanwhile, inflation will remain near 10%. Not until next summer will expansion resume, and even then it will be rather weak. Scarce and expensive energy will mean that growth throughout...
...collapsed, confront all of Cambodia as a Communist base, stretching 600 miles along the border of South Viet Nam. Vietnamization and American withdrawal would then come unstuck. So we were being driven toward support of Lon Nol hesitantly, reluctantly, in response to circumstances in Cambodia that we could neither forecast nor control...
...statement is about as absurd as any forecast, because in Ivy League football the oddsmaker is more our common enemy than our mutual friend