Word: forecasts
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Dates: during 1950-1959
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...struggle between Padang and Djakarta, then the Soviet Union will intervene in turn, and World War III will be under way." The result: the U.S., the Soviet Union and all of Europe will be destroyed, and Red China will emerge as the world's foremost power. Indonesia, the forecast concludes, "will play a major part in the reconstruction of Asia." Sukarno reportedly pays as much attention to Madame Suprapto as he does to most political advisers...
...guests unable to stay outside, reported business off 20% to 30%. But some hotelmen quickly slashed rates, even offered free airline transportation for wives. Miami hoped there might still be a long late season, if the weather should moderate. But last week the new 30-day long-range weather forecast predicted subnormal temperatures through mid-March...
...crystal-ball gazers who try to chart the course of the U.S. economy usually hedge any predictions with plenty of ifs and buts. Last week the U.S. got a refreshingly different kind of forecast from Carrol M. Shanks, president of the Prudential Insurance Co., second biggest in the U.S. (first: Metropolitan Life). Said Insuranceman Shanks: "I'm optimistic. We're pretty close to the end of the downgrade, and we should see an upturn before long. Steel production will start up in March, if not sooner, because steel sales have been running ahead of production; so will textile...
...craft to the fleet, and grossed a record $125 million for an 800% gain since 1951. Gas, oil, maintenance and other costs for 209,000 private pilots who fly for fun or profit added $800 million more to the business. Yet the boom is just beginning. The forecast for 1975 is a fleet of 105,000 planes logging 25.8 million hours annually...
...against sharp pitchforks on Capitol Hill in the session just ahead. The Agriculture Department predicted last week that, with improved moisture conditions in prospect, 1958's winter wheat harvest will run a glutting 28% bigger than 1957's. But far from taking the wheat forecast as further evidence that the high price-support approach has failed (TIME, Dec. 23), Chairman Harold D. Cooley of the House Agriculture Committee declared that Benson "won't get to first base" with his proposal to lower the support floor under basic crops from 75% of parity to 60%. Instead, vowed North...