Word: predictably
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Dates: during 1950-1959
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Actually, a spate of recession predictions has been a recurring phenomenon of the great boom. Time and again, economists have predicted that business would turn downward, usually in "about six months." But as the "six months" stretched into years with no drop, economists became more cautious. They now predict a decline in such indefinite terms that they can't be wrong. Only the future will determine whether the U.S. is now undergoing a "rolling readjustment" or "recession," or merely passing once again through a period of "Whatchamacallit," i.e., a troubled economic period which gives rise to all manner...
There is every sign that the stockpiles will keep on growing. Government economists predict that 1954 milk production will again hit 118 billion Ibs., 3 billion more than estimated consumption...
Officials of the Division of Applied Science predict that some of the space in McKay will go unused for some time. The Division is slowly building up its mechanical engineering faculty, and the new men will bring new research projects with them when they come to the University.Lower right: Three graduate students in the electromagnetic radiation section take data from oscilloscopes and record it in project notebooks. They are, left to right, JOHN M. OSEPCHUK '48, DONALD B. BRICK '50, and CLINTON G. SHAFER...
...very hard over to predict what we'll be doing the next year," Kluckhohn said, "because of the large turnover in staff that we have. But the turnover is part of our policy. It keeps us alive to bring in men each year with ideas of their own. That's the reason that we can't plan too far in advance. These men have topics of their own, and that's healthy...
There are other arguments in favor of a national sales tax. Its yield is easy to predict, and at the manufacturer's level would be relatively easy to collect (only 300,000 outlets need be policed). Such a 10% tax (equal to a 5% tax at retail) would just about make up the $8 billion the Government will lose by the expiration of present taxes. It would also broaden the tax base so that the 25 million wage earners who now pay no federal income tax would share some of the tax burden...