Word: forecasts
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...same logic applies to the rest of the current set of singers, lip-synchers and ambiguous go-betweens. Despite the reported $30 million Michael Jackson spent to hype his recent Invincible incarnation, the album failed to attract young listeners because it was one song deep. Though naysayers wishfully forecast doom and destruction for Britney Spears and the rest of the teen pop movement, she and ’NSYNC continue to outlive the predictions. Why? Because as savvily packaged and heavily promoted as they may be, their songs remain danceable and fun. Jessica Simpson and the Backstreet Boys are drifting...
...Sept. 11. Brokers in the World Trade Center towers speculating on oil, gold and pork-belly prices could not have known that the future of the markets was flying straight at them out of a bright late-summer morning. Yet we are giving prognostication another try with this Forecast 2002 Special Issue...
...Close readers of TIME will remember our Forecast 2001 issue, in which we made educated guesses about the major events and trends for the year. The political context then was a confused U.S. presidential election; the economic context was the collapse of tech stocks. We worried about weak leadership from a minority President, and we wondered if the technology collapse would plunge the world into full-blown recession. We were right about the danger of recession, but wrong about the causes and solutions. It was Osama bin Laden, not George W. Bush, who tipped the balance toward economic slowdown...
Additionally, he met with Japanese economists and former Harvard doctoral students to debate policy options. And in a question and answer session after an address to the Harvard Club of Japan, Summers was peppered with requests for his economic forecast...
...course no grandfather's tale would be complete without some moralizing. Sept 11 "left marks on the economy that will not soon fade," and in an irrational-exuberance moment Greenspan reminded his audience that economic forecasting - and its kissin' cousin, investing - has been made even more difficult by the "major uncertainty that we all must deal with these days: The specter of further terrorist incidents on American soil. It simply is not possible to predict whether there will be any such incidents or to forecast their possible consequences for the economy...