Word: forecasts
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...priority to reducing the nation's unemployment rate "and take my chances on inflation." Many of Carter's ideas come from-or through-his chief adviser, Lawrence Klein, professor of economics at the University of Pennsylvania's Wharton School, a pioneer in using computer studies to forecast economic trends. Klein has put together one of the best-organized economic advisory groups of the campaign. It has recently completed work on a comprehensive economic program that Carter will announce this week. Among his other advisers are experts as diverse as Albert Sommers, chief economist of the Conference Board...
...cost of food jumped 42%, reflecting the price-boosting pressures of the big Soviet grain sales, drought, destructively heavy rains and lively speculation on commodity exchanges. Now the price wave seems to be subsiding. During the past six months, food prices rose by only 1.1%, and Agriculture Department economists forecast an increase of no more than 3% for the rest of 1976, compared with 8.5% last year...
...genetically-and environmentally-programmed existence, of an a-responsible, un-free person rebounding from punishment to reward, has stuck in the craw of humanists from George Bernard Shaw to William F. Buckley, Jr. Metaphysics aside, they have argued, the sheer complexity of our experiences would preclude a valid forecast of future action...
...annual rate of 7% or more, v. 4.9% in the last three months of 1975. The recovery "is stronger than we expected," says Alan Greenspan, chairman of the Council of Economic Advisers. "The data we have for January and February indicate the economy is moving somewhat better than the forecast we made back in early December...
...blip upward in the unemployment rate, partly because of the difficulty of calculating seasonal adjustments, but the trend is clearly down. Indeed, the January figure was already so close to the 7.7% that the Administration had predicted unemployment would average for the whole year as to indicate that that forecast was too pessimistic...