Word: predictible
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...from Mesa, Ariz., not because he is interested in "all this psychic stuff' but because "I want to improve myself in my hobby-treasure hunting." A splendidly coiffed blond commodities broker from New York City allows that dowsing helps her cope with, if not actually predict, a fickle market. Ira Denbar, a young mailorder and advertising man from Providence, is trying to shake off the painful effects of a divorce. "Dowsing helps me keep my head together," he says. "It plugs me in to the universe...
...Department of Energy expects an annual increase in gas production of 2 trillion cu. ft.; the congressional budget office estimates an additional .7 to .8 trillion cu.ft. a year; consumer groups that favored the bill say no increase at all will occur. Both the Senate Energy Committee and DOE predict that by 1985 greater production of natural gas will save the nation 1.4 million bbl. a day in imported oil. Consumer groups deny there will be any such saving. Much depends, of course, on how innumerable lawyers interpret a bill that even they have trouble understanding. But at least, after...
...effects of a shaky centerpiece on the world economy are evident. Businessmen, who feel they cannot predict the value of their currency tomorrow morning much less a year from now, have grown overly cautious. Instead of marketing the new product that may (or may not) bring a profit in three or four years, they are gambling in the currency markets in hopes of making an overnight gain on a falling dollar or rising yen. That is one reason why business investment and economic growth in most Western industrial countries are running at only half the level of the 1960s...
...still too early to predict Giamatti's response to these problems. He hopes to use a new attitude to confront these problems but declines to outline the pragmatic steps or policies he has in mind. When he goes home from work, "pounded by sensations, perspectives and urgencies--always the daily mix," Giamatti says, he is not preoccupied with money problems, strikes or community relations. His underlying concern is for the institution itself--what it will be like for the next generation of students. "That's what you worry about--the profession," Giamatti explains, "how the institution can sustain young people...
...only member of the Board of Economists to predict a recession next year is Beryl Sprinkel, executive vice president of Chicago's Harris Bank, and he foresees a mild and brief one. His forecast: real G.N.P. will drop 2.4% in the third quarter next year and 3.2% in the fourth quarter, but start back up in early 1980. Alan Greenspan, formerly President Ford's chief economic adviser, also sees a recession?but not until 1980, and then so gentle that it will just about meet the technical definition: two successive quarters of declines in real G.N.P...