Word: forecasts
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Dates: during 1970-1979
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...also dropped-less so-against most of Europe's other, not-so-strong currencies. This caused annoying changes in the exchange rates between countries. Export trade was slowed because businessmen had to calculate and recalculate prices, and multinational companies postponed transborder E.C. investments because they could not forecast investment returns easily in their own currency...
...secretary-general of Japan's ruling Liberal Democratic Party (L.D.P.). What startled them and their countrymen last week was the result of a four-way race for Fukuda's job as the leader of the L.D.P. and, therefore, of Japan's government. Though the experts had forecast a dull election in which the urbane Fukuda, 73, would easily win a second term, he was thoroughly whipped by Ohira, 68, a deliberate, unassuming technocrat known in Japanese politics as the Dongyu-the slow-thinking bull...
Next to a nuclear holocaust, none of the horrors forecast by contemporary doomsdayers have seemed more threatening than the population bomb. As this bomb ticked away and the world's population mushroomed, so the prediction went, an explosion would be inevitable. Resources would be depleted, agricultural lands overtaxed, fuel reserves exhausted, and soon-some Cassandras said by as early as the mid-21st century-global calamity would occur...
...National Association of Home Builders forecast that housing starts, which have run just below 2 million annually in both 1977 and 1978, will fall to 1.5 million next year. Main reason: mortgage interest rates already average more than 10% nationwide, and may have to climb as high as 11% to stay roughly in line with other rates; but in states containing just under half of the U.S. population, usury laws limit many mortgage lenders to 10% or less. NAHB Economist Michael Sumichrast believes that these lenders, unable to earn a competitive interest rate, will simply stop making house-buying loans...
...troubles it is bound to cause will be how much he can hold down federal spending and stem the flow of budgetary red ink. In January the Administration will send Congress proposals for small cuts designed to knock as much as $3 billion off the $39 billion deficit now forecast for fiscal 1979, which started Oct. 1. Over the weekend, as an earnest of his anti-inflationary intentions, Carter vetoed bills that in effect would have limited imports of low-priced beef and textiles and appropriated ten times as much money as the Administration had asked for the training...