Word: medians
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...what makes Whales special is not its story, but rather the concept of making a film entirely about people growing old, starring a cast with a median age of more than 65. In this age when films are made more for money than for content, The Whales of August is a refreshing exception...
...firm and a bit surprising. Despite the stock crash, the plunging dollar and the scary new trade figures, most of the economists insist that America will muddle along next year with no recession, no significant rise in unemployment or inflation and only a modest increase in interest rates. Their median forecast is for growth in the gross national product, after adjustment for inflation, to slow only slightly, from 3.4% this year to 2.7% in 1988. Asserts Sam Nakagama of the Manhattan-based consulting firm Nakagama & Wallace: "Views are changing radically right now. It appears we are going to have...
That boost in productivity will help U.S. companies to curb costs and keep prices under control. "We're going to have productivity-led growth," says Yardeni of Prudential-Bache. "And that doesn't necessarily push inflation rates higher." Among the economists polled, the median forecast for next year's increase in the Consumer Price Index was 4.6%, virtually the same as the 4.3% rise currently projected...
Only if the dollar's descent slows down will the U.S. at last enjoy an improvement in the trade deficit. Most of the economists surveyed said the dollar would indeed become more stable. Their median forecast has the dollar drifting down only 2.3% next year against the yen and 1.8% against the mark. At the same time, they predicted, the trade deficit will fall nearly 15%, from a record $175 billion this year to about $150 billion...
...CAPTION: Median forecasts of 17 economists surveyed by TIME...