Word: forecasts
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...forgotten. But this commission, set up by Carter in October 1979 at the recommendation of Retired Time Inc. Editor in Chief Hedley Donovan, intends to have impact. Its chairman, former Columbia University President William McGill, admits that his 50-member group wants to "think the unthinkable." Says McGill: "We forecast for the '80s a very difficult era in which [U.S.] resources will not be equal to demands. If there is anything we have attempted to do, it is to force the people who establish policy to make hard decisions on priorities. We are suggesting things typically not done because...
...domestic revolt in Saudi Arabia, or the use of the Arab oil weapon again in another war with Isreal-that could slash U.S. energy supplies drastically, creating longer gas lines and higher prices than ever. Such gloomy scenarios may sound improbable, but don't dismiss them: the authors accurately forecast the Iran-Iraq conflict as likely weeks before it began...
...median forecast of the board members is a modest growth in the economy of about 1.3% during 1981, including a decline of about .3% between January and June. They foresee the economy recovering at a growth rate of slightly less than 3% during the second half of next year...
M.I.T. Economist Lester C. Thurow believes that this high inflation forecast may be too low. Said Thurow: "The risks are all on the down side. The economy could all too easily get some big new oil shock, for example. Or grain harvests might be disappointing and force up food prices. On the other hand, it is very hard to think about what piece of good news, might come along to make everything look better...
...original design of a product and then translate all instructions for the robots that provide the muscle on the automated assembly line. Furthermore, increased production should keep driving down . costs, both of the robots themselves (to an estimated $10,000 each) and of everything they produce. Says one forecast by the American Society of Manufacturing Engineers and the University of Michigan...