Word: forecasts
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Dates: during 1970-1979
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...grasp their Bloody Marys on the morning after last week's disaster and joke about their survival. Yet there is something singularly shattering to the serenity of nearly all humans when the ground moves; the earth is, after all, everyone's womb and tomb. So the forecast of worse quakes to come troubled even calamity-conditioned Californians as they slowly cleared the debris and tried to forget the terror that had started at dawn...
...course, will depend on which composers Boulez chooses to encounter -and upon their ability to communicate, musically and verbally, with their audiences. Boulez has so far made it clear that he is unlikely to schedule his own music. Still, the complexity and climate of "Prospective Encounters" may be safely forecast by listening to PH Scion Pli, a Boulez composition just released by Columbia Records...
PRESIDENT NIXON'S economic forecast for 1971 makes the cheeriest of reading, but is it realistic or merely a panegyric to elevate consumer and business confidence? Businessmen, professors and politicians have been arguing that question since the President, in his late-January budget, predicted a 9% jump in gross national product, to $1,065 billion for the year. The debate intensified last week as Administration officials testified before the congressional Joint Economic Committee and encountered skepticism even from some Republican members. Representative Barber Conable of New York said that the forecast reminded him of a remark by an anthropologist...
Expert Appraisals. TIME'S Board of Economists (see box), which met last week to appraise the controversial forecast, agreed that the Administration's prediction just might come true. Still, not one member would bet his own money on it. Reaching the G.N.P. goal of $1,065 billion, said David Grove, would depend on avoiding a steel strike next summer, plus a great revival of consumer spending and a more expansionary Federal Reserve monetary policy than now seems likely...
Stuck in the Mud. The economists identified several pressures that they feel will prevent the nation from recovering its economic health as rapidly as the President and his advisers hope. All expect a fairly long steel strike. Alan Greenspan's forecast of a $1,047 billion G.N.P. assumes that a walkout will shut down the blast furnaces for eight weeks this summer...