Word: predictions
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Dates: during 1980-1989
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...flawed. "When we predict long-term price declines, we assume design stability," he said. In reality, the cost of high-tech systems invariably skyrockets because of unrealistic initial estimates, obsessive design changes and erratic production rates. "Our plans have got to take into account that instability...
TIME's economists expect that prices may heat up slightly as the recovery proceeds, but they foresee no new burst of inflation. For 1983 as a whole, they predict that consumer prices will rise at a modest 4.6% clip. One reason for this optimism is that wage demands, the central driving force of inflation, have cooled considerably. Wage and benefit gains slowed in the final quarter of 1982 to an annual rate of 4.7%, down from 9.6% in 1981. At the same time, the level of output per hour worked, or productivity, has accelerated sharply. The combination of moderate...
...rehired 2% of its labor force, but that still leaves only 42% of its workers on the job. "There have been a couple of blips, but we don't see signs as yet that this is a basic recovery," says Spokesman Andy Stursky. In Detroit, auto executives predict that 1983 sales will be 10% higher than those of 1982, which was the worst year since 1961. "Ten percent better than terrible is still terrible," says General Motors Chairman Roger Smith...
...bond sale, which officials predict will occur within the next six months, is expected to end nearly a decade of MATEP-related financial headaches for Harvard. Since construction began in 1974, funded by operating capital, the cost of the plant has risen more than 10 times the original estimate of about $20 million, and a variety of refinancing schemes have collapsed because of the nation's economic climate and numerous administrative delays...
Describing Cambridge's current circumstance as a public housing emergency. Daniel Wuenschel, executive director of the Cambridge Housing Authority (CHA), said that it is impossible to predict how many new homes the city will be able to provide in the next five years because of substantial cuts in federal assistance under the Reagan Administration...