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The latest outlook is based on a forecast that oil prices will average $110 a barrel this year.
And its optimistic outlook is based in part on the assumption that crude oil prices will decline to more typical levels.
The Fed's regional outlook is based on reports from the Fed's 12 district banks, and is published eight times a year before the open market committee meetings.
As Christopher Hitchens has put it, torture is practised by those "whose whole outlook is based on stupidity and coercion, and you can bet that even with a ticking bomb nearby they would be busily gang-raping the wrong guy".
Temperatures this winter are expected to be higher than average but lower than last year, according to the report by the trade group, the Natural Gas Supply Association; that outlook is based on predictions by the National Oceanic Atmospheric Administration.
This outlook is based on adjusted earnings and reflects growth from 2007 adjusted earnings from continuing operations of $2.36.
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Renault said, however, that the outlook was based on the worst possible situation.
The outlook was based on second-quarter revenue of $11.7 billion, which is in line with the company's previous guidance.
That outlook was based on expectations of a strong rebound in the second half of the year; that now seems increasingly remote.
The company said its fiscal 2011 outlook was based on the assumption of a continued "moderate recovery" in the global economy.
The company said this outlook was based on discussions with customers that are gradually upgrading their networks to provide more sophisticated voice and data services.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com