Word: predictions
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Dates: during 1980-1989
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These are the major findings of a public opinion survey conducted in mid-March for TIME by the research firm Yankelovich, Skelly and White, Inc.* The poll, of course, does not attempt to predict future attitudes toward the President and his policies. In many areas Reagan's sliding ratings match those of Jimmy Carter at a comparable period in his presidency. Carter rode the roller coaster of public opinion up and down through most of his four years in office...
While visiting the Chase Manhattan Bank in 1958, I was introduced to Paul Volcker, a young economist who sat alone in a small spartan office. Chief Economist John Wilson told me that Volcker's job was to pretend he was the Federal Reserve Bank and predict what the Fed was about to do. In two decades, Volcker progressed from thinking what the Fed would do, to what it should do. He does it well...
...specter of double-digit inflation is fading fast. Indeed, the Consumer Price Index., which was bounding up at a 14% annual rate as recently as last September, rose at a mere 3.7% pace in January. Economists now freely predict that the February figure, to be announced this week, will show an equal or even more modest increase. A few are timidly speculating that it might actually drop for the first time in 16 years...
Rising food prices have also been a prime source of inflationary pain and despair over much of the past decade. But food prices last year rose only 4.3%, less than half the 10.1% jump in 1980. Many economists predict that the increase this year will be only slightly larger, perhaps...
Hawking and many other physicists are now seeking a theory to explain all the physical qualities of the universe by a single basic force. Finding such a force would not mean that scientists could predict the weather or the color of babies' hair, but it would prove that the universe is orderly at every level...