Word: predictible
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...moment, though, U.S. exports are moving erratically. During the first four months of the year, America's overseas sales grew at a healthy 15% annual rate, but fell 0.9%, to $30.5 billion, in May. Those who predict a soft landing see the one-month reversal as only a temporary setback; others are more troubled. Says Allen Sinai, chief economist of the Boston Co. Economic Advisors: "The trade-deficit report is yet another sign of the potential for a recession sometime within the next six to nine months...
Homebuilding could be another strong foundation for the economy. Real estate usually takes a tumble just before a recession begins and stages a comeback as a recovery takes hold. This time some economists predict that the housing industry, aided by falling mortgage rates, may bounce back later in the year. Last week the Government reported that housing starts during June rose 7%, to an annual rate of 1.4 million. Even so, some experts are cautious about predicting a housing boon because the rise was entirely attributable to an increase in multifamily houses and apartment buildings. There was no growth...
Experts have estimated that Oregon will take in gross revenues each year of approximately $50 million from its wagering system. With a professional team and a larger population, some predict that Massachusetts would triple Oregon's gross revenues. After funding the administration of the lottery, the state would retain about $50 million for its own treasury...
...Charles River. In Minneapolis a few pro- choice protesters burning a flag were rushed by three waiters from a nearby topless bar. In Atlanta about 450 pro-choice activists carried to the state capitol a stack of coat hangers, a grisly symbol of the back-street butchery they predict if abortion is outlawed...
...greeting the happy news that they are free once again to exercise their democratic prerogatives on the subject of abortion with a reserve bordering on clinical depression. "It's terrible to have this issue back again," New York Assembly Speaker Mel Miller told the New York Times. Others gloomily predict "a mess" and "havoc...