Word: forecasts
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...relentless increase in stock prices in both Shanghai and Shenzhen - the former has tripled in value in just the last 18 months - has triggered a stampede of companies in China to offer their shares to a public that has a ravenous appetite for them. Astonishingly, according to a forecast just out from Price Waterhouse Coopers, a global consulting firm, the two main equity markets in China will raise $52 billion in capital this year in initial public offerings (IPOS), more than double the amount forecast at the start of the year. That makes it likely that China will raise more...
...question now: Does this year's extraordinary pace of IPOs in China signal a sea change - a year that marks financial leadership in greater China moving from Hong Kong to the mainland? That thought, when the PwC forecast came out on July 4, was definitely giving western investment banks in Hong Kong heartburn, because China still maintains strict limits on their ability to underwrite deals on mainland markets. They probably needn't worry too much, at least not yet. "Hong Kong is still an international market, and the mainland markets aren't, and won't be anytime soon," says...
...National Hurricane Center's website's forecast for this weekend says, "There are no tropical cyclones at this time." Maybe not out in the Atlantic, but there's a Category 3 political tempest raging inside the Hurricane Center's Miami headquarters, where a large swath of the forecasting staff is calling for new director Bill Proenza to be fired. "The effective functioning of the National Hurricane Center is at stake," says a newly released letter, signed by seven forecasters, which also urges the Center's overseer, the Commerce Department, to dismiss Proenza "as quickly as possible...
...chances of that happening are higher than normal. The National Hurricane Center has forecast a busy Atlantic tropical storm season, with 13 to 17 named storms. Three to five of those could reach Category 3 - Katrina was a Category 3 storm when it struck the Gulf Coast on August 29, 2005 - or higher, and under the city's new policy a storm that size headed for New Orleans would trigger a mandatory evacuation order...
...means was I an obsessed, crimson-adorned preteen. My parents did not pressure me into making such a forecast. I was not already cramming for the SATs. All I knew, like so many others, was the school’s name and reputation...