Word: predictional
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...Liebmann is quick to stress that her data and stories like Calleja's don't predict a recovery. "It's just a lesser negative," she says. Job anxiety remains a powerful brake on consumer spending. Unemployment is high - 8.6% - and the WSL respondents are worried: last year, 20% said they were concerned that they or someone in their family might lose a job. This year, that figure jumped to 35%. That fear keeps cash in the pocketbooks; for the first time in a decade, the personal savings rate has been above 4% for three straight months...
...report does not predict that the GPS system will fail outright; it offers a more mild (and vague) warning, suggesting only that a delay in replacing satellites may impede "the level of GPS service that the U.S. government commits to." But given the world's growing dependence on the space-age compasses, the military scrambled to quell any concerns. "The issue is under control. We are working hard to get out the word," Air Force Col. Dave Buckman wrote to worried questioners on a military Twitter account May 20. "GPS isn't falling...
...hard. Exports in April plunged a staggering 34% from the same month in 2008 - the sixth consecutive monthly double-digit decline - as demand for the island's computer and electronic equipment shriveled in the U.S. and Europe. The government expects GDP to contract 3% in 2009; some private estimates predict worse. The severity of the crisis brought new urgency to the effort to improve ties with China in order to capitalize on one of the world's few remaining sources of growth. "If we had not opened up to the mainland, we would suffer more," Ma says...
...final quarter of 2008. It is probable that the taxpayers will never get all of their money back, but AIG does have divisions that are worth several billion dollars. If there is a timetable for selling those, the public has not been informed. AIG may say it cannot predict the future, but someone at AIG has a document with the company's plans...
...used to be reserved for celebrities. The concept of personal boundaries has been destroyed. Many companies track the content of their workers' emails and whether they spend hours each day online interacting with their friends on Facebook. The press recently reported that Google (GOOG) has created software that can predict whether its employees will quit. The next step will be that the search company will forecast which people it will fire. That should save its human resources staff a great deal of time and anguish. Google may even find that HR is not necessary. Software can perform...