Word: prediction
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...course, because the Federal Reserve under Chairman Alan Greenspan has been raising interest rates for just short of a year to slow a runaway boom. Members of TIME's board differ considerably on how soon and how hard those rate hikes will bite. But all agree on two predictions: 1) there will indeed be a slowdown; 2) the chance that it will turn into a recession is, in Sinai's word, "zero." Diane Swonk, chief economist of Bank One and president of the National Association for Business Economics, declares, "I expect this expansion to last until 2004"--which...
Pensions? Once upon a time, American businesses funded what was known as defined-benefit plans; they were required to contribute whatever amount would guarantee a specific payout. But corporations like to be able to predict their future liabilities, and the defined-benefit approach has rapidly been replaced by the defined-contribution plan: employer and/or employee contributes X dollars, fund trustees invest it, and investment performance determines the payout. It's great in an up market, but, says Michael F. Carter, a benefits specialist with the Hay Group, a worldwide human-resources consultancy, "we're beginning to enter what I call...
...early to predict. I can hardly say I predicted the Syrians' responses until now. The door was left by the Syrians slightly open, maybe a small crack. We will not close it. But I'm not very optimistic listening to the voices from Damascus. They are busy now with some internal political issues. For the past three months, since they realized that I did really mean to pull out of Lebanon with or without an agreement with them, they began very actively to work on mobilizing extreme elements among the Palestinians in Lebanon and certain elements among the Hizballah...
...There's more good news. FCC officials and telecom execs alike predict that Wednesday's overhaul will push the land-line phone business further down the road toward flat-fee pricing, with either unlimited usage (rather like an Internet service) or a bundle of minutes (like wireless plans). Will that save you money? The government is optimistic, consumer groups are less so, and the phone companies aren't saying. If price restructuring brings savings, who'll benefit, consumers or stockholders? On Thursday investors, more concerned about this week's economic numbers than the goings-on at the FCC, were noncommittal...
...Barak: It's too early to predict. I can hardly say that I predicted the Syrians' responses until now. The door was left by the Syrians slightly open, maybe a small crack. We will not close it. But I'm not very optimistic listening to the voices from Damascus. They are heavily busy now with some internal political issues, so I don't know. For the last three months, since they realized that I do really mean to pull out of Lebanon with or without an agreement with them, they began very actively to work on mobilizing extreme elements among...