Log in to your IBTimes Account

close
ID
Password

The 10 Worst Predictions for 2008 [2]



By AP
24 December 2008 @ 1:36 pm IST

Prognostication is by far the riskiest form of punditry. The 10 commentators and leaders on this list learned that the hard way when their confident predictions about politics, war, the economy, and even the end of humanity itself completely missed the mark


A Russian armoured vehicle drives through the Georgian village of Kvemo-Achebeti in August 2008
A Russian armoured vehicle drives through the Georgian village of Kvemo-Achebeti in August 2008.(AP)
1 of 1

advertisement

6. "New York Mayor Michael Bloomberg will enter the Presidential race in February, after it becomes clear which nominees will get the nod from the major parties. His multiple billions and organization will impress voters—and stun rivals. He'll look like the most viable third-party candidate since Teddy Roosevelt. But Bloomberg will come up short, as he comes in for withering attacks from both Democrats and Republicans. He and Clinton will split more than 50% of the votes, but Arizona's maverick senator, John McCain, will end up the country's next President." –BusinessWeek, Jan. 2, 2008

No part of this prediction from BusinessWeek's "Ten Likely Events in 2008" turned out to be even remotely true. After weeks of hints and press leaks, Bloomberg declared he would stay out of the race, saying that Barack Obama and John McCain showed signs of displaying the "independent leadership" needed to govern effectively. After overturning New York's term-limits law, Bloomberg seems likely to run for a third term as mayor instead.

7. "There is a real possibility of creating destructive theoretical anomalies such as miniature black holes, strangelets and deSitter space transitions. These events have the potential to fundamentally alter matter and destroy our planet." —Walter Wagner, LHCDefense.org

Scientist Walter Wagner, the driving force behind Citizens Against the Large Hadron Collider (LHC), is making his bid to be the 21st century's version of Chicken Little for his opposition to the world's largest particle accelerator. Warning that the experiment might end humanity as we know it, he filed a lawsuit in Hawaii's U.S. District Court against the European Organization for Nuclear Research (CERN), which built the LHC, demanding that researchers not turn the machine on until it was proved safe. The LHC was turned on in September, and it appears that we are still here.*

8. "The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months." —Arjun Murti, Goldman Sachs oil analyst, in a May 5, 2008, report

Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More World News
The government's ambitions to boost economic growth through pro-market legislation may be sinking into parliamentary quicksand amid a slew of stalled bil...
India's 2010 monsoon rains, crucial for farm output, will be normal, Farm Secretary Prabeer Kumar Basu said on Friday, raising hopes of a strong recovery...
India is unlikely to join other states in putting pressure on China to revalue its yuan currency, Kaushik Basu, chief economic adviser in the finance min...

advertisement
 
IBTimes.co.in Web
 
International Business Times© 2010 The Ibtimes Company. All Rights Reserved. Partners