Word: foresight
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Dates: during 1970-1979
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...before he started writing this week's cover story on "The Cooling of America," TIME Contributor Jack Skow bought his first woodburning stove. A city boy who now lives in rural New London, N.H. (pop. 2,943), Skow offers a modest explanation for his extraordinary foresight. "I was one of the first in town to get a wood stove, in 1973, because I went broke from electric heating bills." Since then, Skow has spent much of his autumn harvesting hardwood on his property, hauling it home in his temperamental pickup truck and burning it efficiently in his five-count...
...breakfasts that are so much a part of domestic politics, are of no account in a dilemma like Iran. It is almost pure decision making from dawn to dawn. There are meetings constantly, but there is always something oddly uncollegial about them. When power is employed, the resolve and foresight of the President are the main ingredients. Without those the apparatus does not work...
Historically, Chrysler has played weak sister to General Motors and Ford, suffering from a combination of financial mismanagement and lack of foresight. Chrysler still has not quite admitted that the Age of the Big Car has ended. This fall, Lee lacocca, chairman of Chrysler, insisted that the auto industry's biggest profits were to be found not in small, but in intermediate-sized luxury cars, loaded with special options...
...commend them for having the foresight to not distribute the issue as it stood because I definitely would have sued," Ames said yesterday...
...them that man's greed and short memory make monetary history eminently repeatable." Such lessons, notes Ungeheuer, "blessed us with that indispensable tool of economic journalism: magnificent hindsight." Last year, however, when reporting on the coming gold rush for TIME, Ungeheuer demonstrated the much rarer gift of economic foresight, predicting in January 1978 that gold would break the $200-an-ounce barrier later that year. Alas, says Ungeheuer, "I failed to back this premonition with any of my own money. I guess that's why I will always be a journalist...