Word: predictible
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...winner. "It is an extremely clear and lucid presentation of valuable ideas that deserve a hearing." As for Quinn, he calls his victory "a Cinderella story, complete with the stepsisters howling at the side." Whether any of this will affect the Turner Tomorrow Awards is impossible to predict. It's hard to know what the future will bring...
Many forecasters predict the economy will grow less than 3% in the 12 months that follow the recession, compared with a vigorous 6% average for previous postwar turnarounds. "The consumer won't feel any sense of recovery until December or early next year," says Susan Sterne, president of Economic Analysis Associates in Stowe, Vt. Concurs Wall Street economist Lawrence Kudlow: "This recovery just isn't going to have much torque...
Some parts of the U.S. remain deeply mired. New England, where the slump arrived more than a year ago, has lost 200,000 jobs since last July, a 3.2% decline. Because the scars run so deep, economists predict that any rebound in New England will trail a recovery in the rest of the country by at least six months...
Even California could have a tough time shrugging off the slump. Cuts in defense spending have hurt the crucial aerospace industry, prompting state economists to predict that unemployment in the Golden State may average 7.6% this year. For Californians like Peter Perkins, a Los Angeles recording engineer, the evidence of an upturn has been bittersweet. After a radio production company laid him off in January, Perkins took two part-time jobs to meet the payments on his boat and a condominium investment. Last week he landed a new full-time position, but at a salary 25% below...
Even with the closing of a Lockheed manufacturing plant in Burbank last year and the loss of other industries to other Western cities, forecasters predict a net increase of new businesses in the five-county Los Angeles area in 1991. During the decade of the 1980s, in fact, 40% more businesses flocked to or were started up in L.A. than ran away, a burst of enterprise that covetous rival cities rarely match. Such economic success makes it easier for Los Angeles to endure its vile reputation. Says Mesa's Mayor Rubach with a shrug: "If we didn't also want...