Hedging its bet will pay off if VW and others prove to overoptimistic about demand for electric vehicles.
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No. The Fed was clearly overoptimistic about the economy's prospects, as it has pretty consistently been for the past decade.
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But, as evidenced by one curious episode last year, Neumann wasn't the only overoptimistic hype man when it came to WeWork.
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Former General Electric boss Jeff Immelt was consistently overoptimistic in running the large conglomerate during his 16-year tenure, The Wall Street Journal reported Wednesday.
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That proved to be wildly overoptimistic, to say the least, and despite occasional bursts of progress, AI became known for promising much more than it could deliver.
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Mr. Thiel said Hillary Clinton was "wildly overoptimistic about the outcome of war," because she, like other elites, denies the difficult reality of the cost of war.
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There was a lot of that irrationality on Friday which of course was a direct result of the ludicrously overoptimistic mark-up in prices going into the vote.
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Hamm blames the agency for being overoptimistic about domestic oil production and causing a distortion in WTI prices ("Continental CEO says EIA forecast caps WTI", Argus, Sept. 27).
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"It may be overoptimistic but services may become available this year as we are trying to be active and build the know-how in our company fast," she added.
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The board ousted Muilenburg just before Christmas after his botched response to the crashes and overoptimistic forecast that regulators would allow the planes to fly again before the end of 2000.
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The company is the poster child for what is known as the "techlash," or the reaction to the overoptimistic, and arguably naive, embrace of tech founders and their creations as idealistic digital revolutionaries.
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On Wednesday, The Wall Street Journal published a scathing report on Immelt's time at GE, citing sources who claim his disdain for bad news contributed to overoptimistic forecasts that didn't always match reality.
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It was also the case in 2011, when a high-speed rail crash saw a sudden flowering of citizen reporting and overoptimistic predictions that the Great Firewall was unable to control the new world of social media.
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McDonell is aware that this is overoptimistic, but he concludes that, because the "worst crimes stem from a failure of imagination rather than any evil particular to our kind or time or nation," narratives like his own might change the equation someday.
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Second, FoxMeyer adopted an ERP-system with ambitious warehouse automation software, using the big bang adoption to gain competitive advantage. But FoxMeyer seemed to have an overoptimistic management with unrealistic expectations: the change was too big and too drastic. This resulted in very high work pressure to meet the deadlines for all the employees. So unrealistic expectations of the management are also a risk (Scott, Vessy, 2000).
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Before that, it had never been a domain of the Polish General Staff's diversion unit (Office A.1, later Office U); thus Charaszkiewicz's predecessor, Col. Puszczyński, had not been encumbered with this responsibility. Puszczyński, Charaszkiewicz explains, had not initially attached importance to Prometheism, due to an overoptimistic assessment of the new Soviet Union; but in time he came to support the Promethean concept.Charaszkiewicz, 2000, pp. 76–77.
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Heathcote, p. 32 The British Chief of the Imperial General Staff (CIGS), General Sir Alan Brooke, wrote in his diary that it was "nothing less than bad generalship on the part of Auchinleck. He has been overconfident and has believed everything his overoptimistic [DMI] Shearer has told him". Brooke commented that Auchinleck "could have been one of the finest of commanders" but lacked the ability to select the men to serve him.
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Each firm has a limited amount of time and capital to be invested into new projects. There is intense competition for this time and money as individuals and units jockey to present their own proposals as being the most potentially lucrative. There are thus large incentives for these individuals and units to accentuate the positives in predicting outcomes. As a result, it ensures that forecasts used in planning are overoptimistic (which later distorts all further analysis).
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Mr. Right is a 2015 American romantic action comedy film directed by Paco Cabezas, written by Max Landis, and starring an ensemble cast featuring Sam Rockwell, Anna Kendrick, Tim Roth, James Ransone, Anson Mount, Michael Eklund, and RZA. The film, which follows an overoptimistic young woman (Kendrick) who discovers that her new boyfriend (Rockwell) is a former professional hitman, was released in the United States on April 8, 2016, by Focus World, to mixed reviews from critics.
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The planning process was based around material balances—balancing economic inputs with planned output targets for the planning period. From 1930 until the late 1950s, the range of mathematics used to assist economic decision-making was, for ideological reasons, extremely restricted.: "The mathematical sophistication of the tools actually employed was limited to those that had been used in Das Kapital: the four arithmetical operations, percentages, and arithmetic (but not geometric) mean." On the whole, the plans were overoptimistic, and plagued by falsified reporting.
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An overoptimistic viewpoint may result in decreased goal attainment. This is due to underestimation of risks as a result of focusing solely on the end goal or persisting in unattainable endeavors for too long rather than taking a new approach. Opponents of Earth Optimism argue that encouraging more optimism is not always the best solution for some individuals and could potentially hurt the conservation movement. Motivational science supports arguments for and against using a generalized optimistic outlook for the conservation movement.
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During this time, New York City became known for its daring and impressive architecture, including notably the skyscrapers which transformed the skyline. The race to the sky culminated in the dueling spires of two Art Deco icons—the Chrysler Building and the Empire State Building—during the late 1920s. These two skyscrapers were not topped off until their soaring heights seemed rather overoptimistic. The construction of the Rockefeller Center also occurred during this time, becoming one of the largest-ever private development projects at the time.
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For three years, the turn to austerity has > been presented not as a choice but as a necessity. Economic research, > austerity advocates insisted, showed that terrible things happen once debt > exceeds 90 percent of G.D.P. But "economic research" showed no such thing; a > couple of economists made that assertion, while many others disagreed. > Policy makers abandoned the unemployed and turned to austerity because they > wanted to, not because they had to. In October 2012, the International Monetary Fund announced that its forecasts for countries which implemented austerity programs have been consistently overoptimistic.
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International Monetary Fund: Independent Evaluation Office, Fiscal Adjustment in IMF-supported Programs (Washington, D.C.: International Monetary Fund, 2003); see for example page vii. In early 2012 an IMF official, who negotiated Greek austerity measures, admitted that spending cuts were harming Greece. In October 2012, the IMF said that its forecasts for countries which implemented austerity programmes have been consistently overoptimistic, suggesting that tax hikes and spending cuts have been doing more damage than expected, and countries which implemented fiscal stimulus, such as Germany and Austria, did better than expected.
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Scholars especially praised Origins of the New South, 1877–1913, which was published in 1951 by Louisiana State University Press in a prominent multivolume history of the South. It combined the Beardian theme of economic forces shaping history, and the Faulknerian tone of tragedy and declension. He insisted on the discontinuity of the era, and rejected both the romantic ante-bellum popular images of the Lost Cause School as well as the overoptimistic business boosterism of the New South Creed. Sheldon Hackney, a Woodward student, hails the book, explaining:Hackney (1972) p.
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46–49, Vancouver, Canada, 29–31 August 2005.Rubiola, Enrico: High- resolution frequency counters (extended version, 53 slides) , seminar given at the FEMTO-ST Institute, at the Université Henri Poincaré, and at the Jet Propulsion Laboratory, NASA-Caltech. but for longer τ the effect is gradually removed, and the lower-τ region of the measurement has biased values. This bias is providing lower values than it should, so it is an overoptimistic (assuming that low numbers is what one wishes) bias, reducing the usability of the measurement rather than improving it.
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What shocked and dismayed the American public was the realization that either it had been lied to or that the American military command had been dangerously overoptimistic in its appraisal of the situation in Vietnam. The public could not understand how such an attack was possible after being told for several years that victory was just around the corner. The Tet Offensive came to embody the growing credibility gap at the heart of U.S. government statements. These realizations and changing attitudes forced the American public (and politicians) to face hard realities and to reexamine their position in Southeast Asia.
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GAL produced an initial run of 22 Hamilcars, which included the two prototype models and ten pre-production aircraft required for evaluation trials. Subsequent production of parts was assigned to a series of sub-contractors called the 'Hamilcar Production Group', which included the Birmingham Railway Carriage and Wagon Company, the Co-operative Wholesale Society and AC Cars. Production for the glider was targeted to begin in late 1941 with approximately 40–50 to be completed by the end of that year; in reality this was overoptimistic, with the planned 40–50 only being completed by June 1944.Flint 2006, p. 44.
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The budget was poorly received, and described as "stand pat", "do nothing",, "non-budget" and a "lame duck". Claude Picher, from La Presse, pointed out that the 100-pages long budget was one of the shortest budget ever and strongly criticized its lack of substance, overoptimistic economic forecasts and unimaginative measures. Preceding the budget, Mazankowski had stated that government revenues would decrease compared to 1992 as a result of "slow economic growth, continued high unemployment and low inflation". The Canadian Bond Rating Service downgraded Canada's federal debt rating from AAA to AA+, and the budgetary deficit for the fiscal year was expected to be $32.6 billion.
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Trade Niue is negotiating free trade agreements with other Pacific countries, PICTA Trade in Services (PICTA TIS), Economic Partnership Agreements with the European Union, and PACERPlus with Australia and New Zealand. The Office of the Chief Trade Adviser (OCTA) has been set up to assist Niue and other Pacific countries in the negotiation of the PACERPlus. Mining In August 2005, an Australian mining company, Yamarna Goldfields, suggested that Niue might have the world's largest deposit of uranium. By early September these hopes were seen as overoptimistic, and in late October the company cancelled its plans, announcing that exploratory drilling had identified nothing of commercial value.
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Philpott wrote that English writing tended to portray the attack as an attempt to pull a weakening and demoralised French army forward and an overoptimistic attempt at a decisive battle by Haig, which was a misunderstanding, the more expansive plans insisted upon by Haig were operational schemes, not tactical directives, for an army which by September, had become capable of emulating the French armies. It was Haig's job to think big, even if all offensives began with trench-to-trench attacks. Looked at in isolation, the September attacks appear to be more of the same, bigger but limited attrition attacks with equally limited results. Studied in context the attacks reflected the new emphasis by Foch on a concerted offensive, given the impossibility of mounting a combined one.
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LongWarJournal, Taliban kill 10 French troops in Kabul province ambush, 19 August 2008 In October 2009, The Times revealed that the relative calm in the region during the previous Italian occupation and since then had been obtained by Italian secret services bribing local Taliban groups into inaction. The French, unaware of the fact, then ventured into areas with an overoptimistic threat assessment and insufficient equipment. A Taliban commander, Mohammed Ismayel, confirmed the existence of a deal with the Italians, though without corroboating the existence of any financial transactions, and explained that the more aggressive attitude of the French troops had caused the guerrilla to attack them. Silvio Berlusconi denied that any bribes were ever paid and refuted the claims as "totally baseless accusations".
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International Monetary Fund: Independent Evaluation Office, Fiscal Adjustment in IMF-supported Programs (Washington, D.C.: International Monetary Fund, 2003); see for example page vii. In early 2012 an IMF official, who negotiated Greek austerity measures, admitted that spending cuts were harming Greece. In October 2012, the IMF said that its forecasts for countries which implemented austerity programs have been consistently overoptimistic, suggesting that tax hikes and spending cuts have been doing more damage than expected, and countries which implemented fiscal stimulus, such as Germany and Austria, did better than expected.Brad Plumer (12 October 2012) "IMF: Austerity is much worse for the economy than we thought" The Washington Post Despite years of draconian austerity measures Greece has failed to reach a balanced budget as public revenues remain low.
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In October 2012, the IMF announced that its forecasts for countries that implemented austerity programs have been consistently overoptimistic, suggesting that tax hikes and spending cuts have been doing more damage than expected and that countries that implemented fiscal stimulus, such as Germany and Austria, did better than expected.Brad Plumer (12 October 2012) "IMF: Austerity is much worse for the economy than we thought" Washington Post The IMF reported that this was due to fiscal multipliers that were considerably larger than expected: for example, the IMF estimated that fiscal multipliers based on data from 28 countries ranged between 0.9 and 1.7. In other words, a 1% GDP fiscal consolidation (i.e., austerity) would reduce GDP between 0.9% and 1.7%, thus inflicting far more economic damage than the 0.5 previously estimated in IMF forecasts.
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In October 2012, the IMF announced that its forecasts for countries that implemented austerity programs have been consistently overoptimistic, suggesting that tax hikes and spending cuts have been doing more damage than expected and that countries that implemented fiscal stimulus, such as Germany and Austria, did better than expected. These data have been scrutinized by the Financial Times, which found no significant trends when outliers like Germany and Greece were excluded. Determining the multipliers used in the research to achieve the results found by the IMF was also described as an "exercise in futility" by Professor Carlos Vegh of the University of Michigan. Moreover, Barry Eichengreen of the University of California, Berkeley and Kevin H. O'Rourke of Oxford University write that the IMF's new estimate of the extent to which austerity restricts growth was much lower than historical data suggest.
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Dooley 2004, p.176 After his resignation from the army in 1891 at age 52, Zeppelin devoted his full attention to airships. He hired the engineer Theodor Gross to make tests of possible materials and to assess available engines for both fuel efficiency and power-to-weight ratio. He also had air propellers tested and strove to obtain higher purity hydrogen gas from suppliers.Dooley 2004, p.177 Zeppelin was so confident of his concept that in June 1891 he wrote to the King of Württemberg's secretary, announcing he was to start building, and shortly after requested a review from the Prussian Army's Chief of General Staff. The next day Zeppelin almost gave up as he realized he had underestimated air resistance,Dooley 2004, p.178 but resumed work on hearing that Rudolf Hans Bartsch von Sigsfeld made light but powerful engines, information soon shown to be overoptimistic.
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Multidrug resistant strains of TB, malaria, and other infectious diseases appear at a faster pace than new drugs and vaccines, wreaking havoc on world health. Although more likely than the "steady progress" scenario, the IC judges this unlikely, because it is overoptimistic about the prospect of development, collaboration, and medical advances to constrain the spread of at least some widespread infectious diseases. :#"Deterioration, Then Limited Improvement" is judged most likely by the IC. The infectious disease threat—particularly from HIV/AIDS—worsens during the first half of our time frame, but decreases fitfully after that, owing to better prevention and control efforts, new drugs and vaccines, and socioeconomic improvements. In the next decade, under this scenario, negative demographic and social conditions in developing countries, such as continued urbanization and poor health care capacity, remain conducive to the spread of infectious diseases; persistent poverty sustains the least developed countries as reservoirs of infection; and microbial resistance continues to increase faster than the pace of new drug and vaccine development.
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