Word: predictible
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Calculated Display. What Hanoi's eventual response will be, no one could predict last week with authority. As Ambassador David Bruce arrived to put Nixon's proposals on the table in Paris the morning after the President's speech, North Viet Nam's Xuan Thuy denounced them as "an electoral gift certificate" aimed solely at improving Republican chances in the November elections. Alluding to Bruce's description of the Communists' Sept. 17 points as "new wine in old bottles," the Viet Cong's Duong Dinh Thao called Nixon's speech "a bottle...
...week: "If Allende chooses to be a thoroughgoing Socialist, the Chilean army will decide, with a big wink from the U.S., that its sacred duty is to oust the man." There is no doubt that Washington is deeply distressed by the prospect of a Communist Chile. Ranking Administration advisers predict that a Communist country on the South American mainland would have far more influence throughout the hemisphere than Castro's Communist island could ever hope to have. For all that, however, the U.S. is in no position to do anything about the Allende phenomenon-not even wink...
...were remarkably similar. Walter Heller summed up: "The U.S. is beginning a long, slow climb back to full employment." The outlook, he said, is for "progress, but stagnancy." All the other members of the board basically concur. They foresee only small rises in production and profits next year, and predict a gradual lessening of inflation. The budget cutbacks by the Nixon Administration and the severe squeeze on the money supply, applied until early 1970 by the Federal Reserve Board, are at last bringing inflation under control. But these policies have produced a great amount of slack in the economy, which...
...Muskie bill will fare in the House-Senate Conference Committee. The House has already passed a bill generally weaker than Muskie's. His bill faces rough going in the Conference Committee because of its steep price tag and its potential impact on the auto industry. Insiders predict a compromise bill that will keep most of the stiff air-quality requirements for industry in general, while easing up on Detroit's deadline...
Insurance men can calculate with reasonable accuracy the risk of crashes from aircraft failure, pilot error or weather. But hijacking is so new that insurers do not yet have enough experience to predict its probable frequency. Last week airline offices round the world were stunned by rumors that Lloyd's underwriters were canceling coverage for hijackings-reports that Lloyd's vigorously denied. What was happening was that Lloyd's members were taking advantage of their options to raise "war risk" insurance premiums by 25% to 100% because of the increasing haz ards. Such action comes...