Word: predictableness
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Dates: during 1970-1979
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...field, Mexico has turned up one immense deposit of petroleum after another. In his state of the union address in early September, López Portillo boasted that Mexico now had proven combined reserves of 45 billion bbl. of oil and gas. Officials of Pemex, the national oil com pany, predict that as many as 200 billion bbl. of crude may eventually be uncovered...
...TIME's board, sees a roller-coaster recession: the economy, after its slight rise, will plunge steeply during the coming winter and spring. Unemployment, which has hovered at about 5.7% for the past year, inched up to 6.0% in August, and a majority of TIME'S board predict that it will reach 8% by next summer, meaning some 8 million Americans will be out of work. That is severe, of course, but not as bad as during the 1974-75 recession, when the jobless rate...
Although some experts have said Stonehenge's builders could predict solar eclipses by making observations from certain positions near the main ring, Gingerich said he is reluctant to accept such a theory. Even though eclipses can be roughly predicted with the stone formation, ancient peoples may not have observed this fact or understood the phenomenon, he added...
...effect of the Pope's visit on Boston is equally difficult to predict. "For Roman Catholics, the effect happened before he came--in the enthusiasm and encouragement displayed in the numbers of people who showed up and stayed for the Mass. The Pope's visit will bring a spark of life to them," Rimkus said...
ATTEMPTS AT PREDICTING the future aren't the only imprecision in the budget, however. Every budget table has items in it that don't seem to mean very much--things like "miscellaneous income" and "all other expenses." Officials can break such categories down to their individual elements, but they can't carefully predict how these grab-bags will change each year--their miscellaneity precludes any overall guesses. More often than not, officials simply plug in figures based on instinct and past experience and watch with anxious eyes during the next year to see how accurate they were...