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What You Should Know / December 15, 2008

www.nytimes.com -- NY Times: For 23 years, The Economist has issued bold predictions for the coming year in its thick December special issue. Last year, its crystal ball, in the issue called “The World in 2008,” was a little foggy.“About 2008: sorry,” reads a note from the issue’s editor, Daniel Franklin, in the prediction edition for 2009. Who would have seen the financial crisis coming, Mr. Franklin asked? “Not us. The World in 2008 failed to predict any of this,” he said.

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