Word: forecasts
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...talking financial heads who failed to predict the big rise in U.S. stocks last year have resurfaced to forecast a modest rise in 1996. The expert consensus seems to be that stocks will advance 10% this year. That is not exactly a startling bit of augury: a 10% annual gain is about average for stocks in this century...
...that. In place of an open-ended entitlement, the G.O.P. proposes block grants that would essentially give states a lump sum each year to spend for Medicaid's traditional purposes as the states see fit. The G.O.P. would then slow the growth rates of these "Medigrants" from the current forecast of 10% yearly to 5%, with some states coming down to as little as 2% growth. On the positive side, the block grants limit the Federal Government's financial exposure to rising Medicaid costs. And the G.O.P. is not proposing actual cuts, but reductions in the rate of Medicaid...
...fact, the films are often as interesting for what they forecast as what they express. Working in the 30s. Mary Ellen Bute was one of the first to use electronic imagery in film. The spinning, dancing line of her "Mood Contrasts" (1953) seems to embody the music which propels it in a manner reminiscent of the pulsing equalizers which inhabit so many videos. Bute especially wanted to make music visual, to give, as she states in "Rhythm and Light," "a modern artist's impression of what goes on in the mind while listening to music." Bute's witty...
Drugan predicted about 45 percent of registered voters will take to the polls if the weather is good. Today's weather forecast calls for afternoon showers and a high of around...
...ever was the 1990 takeover of Saks Fifth Avenue. When Investcorp bought the prestigious chain, it was evidently hoping to repeat its triumph with Tiffany. Investcorp certainly promoted Saks to its clients that way. A 1990 private-placement memo to Arab clients obtained by TIME contains an extremely bullish forecast on the first page: Saks was expected to produce an investment return of 25.9% a year, and was likely to be sold within four years. One reason Investcorp failed to repeat its Tiffany coup with Saks is that the $1.6 billion purchase price was $200 million to $300 million...