Word: predict
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Dates: during 1970-1979
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...crops North. As a result, the price of oranges, strawberries and other perishables will rise. Because of material shortages, Armco Steel Corp. closed its Columbus plant indefinitely, throwing 565 people out of work. Republic Steel, Youngstown Sheet & Tube and U.S. Steel may close their plants in Youngstown. Strike leaders predict that unless the Government offers them a more satisfactory deal, food shortages will begin to crop up early this week in major cities in the East and Midwest...
...than they did on their old product pitches. Oil firms tend to guard their advertising figures jealously. But Standard of California cut its advertising budget by 70% last year; Atlantic Richfield's 1974 ad budget is 40% lower than last year's. Standard of Indiana executives predict that in 1974 their advertising outlay will be less than half the $28 million it was in 1970. One of the few firms that plan to advertise more is Exxon, which anticipates a "substantial increase" over last year's expenditure...
...Sack 57 Cinema in Boston. Four Manhattan theaters have lines extending for blocks from noon to midnight. In its first five weeks, The Exorcist (TIME, Jan. 14-21) has rung up more than $10 million at box office cash registers in 20 cities. Glowing -and gloating-Warner Bros, executives predict that it will easily top the alltime moneymaker The Godfather, which grossed more than $155 million for Paramount...
...Communists now appear to have enough materiel stockpiled to sus tain major fighting for at least twelve months, Western intelligence experts do not expect them to launch a serious offensive in the near future. Nonetheless, Western analysts have a notably poor record deciphering Communist intentions; they failed to predict the massive offensives of Tet 1968 and Easter 1972. The frequency of the cease-fire viola tions convinces South Vietnamese lead ers that Hanoi has not abandoned its aim to take over the entire South...
Some economists in Egypt and elsewhere question spending $1 billion to $1.5 billion to enlarge a facility already made partially obsolete by the new pipelines and bigger tankers. Others predict that the "Nasser plan," calling for improvements to be carried out in two four-year stages under 40% foreign financing, will pay off with annual revenues from tolls of $600 million, compared with a pre-1967 income of $250 million a year. Egyptian officials claim that they will have no trouble raising the capital if they go ahead with the project. "We are already getting offers," says a Canal Authority...