Word: predictible
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This perception is shared by many businessmen and economists. General Motors Chairman Thomas Aquinas Murphy regards the economy as "in the midst of a balanced expansion." Both Murphy and Chrysler Chairman John Riccardo, in fact, predict that the 1978 model year (running from October 1977 to September 1978) will bring record sales of more than 15 million cars and trucks. (The previous high, set in 1973, was 14 million.) Irwin Kellner, economist at New York's Manufacturers Hanover Bank, agrees that the economy is "in fine shape." Adds Economist Herbert Neil of Chicago's Harris Trust: "A solid...
...Premier Menachem Begin began exploding before their eyes. The Israeli pound, shorn of its artificially pegged value, quickly plunged 46% against the dollar, from 10.3 to 15.2. Prices of essential consumer goods, no longer kept deliberately cheap by big government subsidies, began climbing in stages that even government economists predict will lead to a 45% inflation rate over the next 18 months. Yet no excessive amounts of capital fled the country, and a flurry of food hoarding ended within a few days. Boasted Finance Minister Simcha Erlich...
...fighting for majority rule. For if this most recent crackdown only makes it appear more likely that the white minority and the black majority are headed for an all-out struggle for political power in South Africa--as even white South African liberals who favor peaceful reform now predict--the U.S. should be in a position to support the fight for black majority rule, rather than continuing to underwrite the defiant policies of Vorster's minority regime...
...roommate if you can borrow his pocket calculator. You'll probably need it as you peruse this column, because Mark Zbikowski and Tim Matthews aren't your average pigskin prophets. While members of the Cube sit in silent revery and appeal to divine inspiration when it comes to making predictions, Zbikowski and Matthews use the Science Center computer and a chain of statistical formulas to predict the outcomes of college games across the nation...
Inflation. Despite blips up and down, the rate of price increases has been pretty much stuck at around 6% annually since the spring of 1975, and most economists predict that it will continue at about that pace through next year; some recent easing has been illusory because it has reflected a drop in food prices that will not last. Businessmen complain that Carter seems to have no idea how to bring the rate down; the "anti-inflation" policy he announced last April turned out to be largely a list of regulatory and review measures...