Word: forecasts
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...billion Record budget deficit forecast for this year, according to White House estimates...
During the 1980s, as it became clear gasoline conservation was working, aided by a nasty recession, one energy forecast after another anticipated ever better mileage. The American Petroleum Institute, swept up by auto-industry fervor, announced in September 1981 that "forecasts of fuel efficiency for new cars now exceed those mandates (27.5 m.p.g.), suggesting an industry-fleet average of 30 m.p.g. by 1985." Not exactly: this year the average is still 27.5 m.p.g. for vehicles officially labeled as passenger cars, but for the entire fleet of vehicles, including SUVs and trucks, it is much worse. The best overall fuel economy...
With that notion in mind, President Carter in 1980 pushed legislation that he said would help "us to reach our goal of deriving 20% of all the energy we use by the end of this century directly from the sun." The forecast proved breathtakingly overreaching. Last year solar energy accounted for about seven one-hundredths of 1% of all U.S. energy consumption. The Bush energy package includes a $2,000 tax credit for individuals who buy and install photovoltaic or solar water-heating equipment in their residences...
...NEWS FROM NOOSA This is the site for all things Noosa. Where to stay, eating out, touring, walking, sailing and other activities are well covered. There are maps and photos, plus a five-day weather forecast that will let you know what's heading your...
...INDICATORS Rate Expectations The European Central Bank sparked talk of a rate cut as it slashed its growth forecast for this year from 1.1-2.1% to 0.4-1%. It also expects inflation to fall from around 2% this year to about 1.3% next year...