Word: prescient
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Scientists have given Callenbach credit for technical accuracy, and he does seem to have been remarkably prescient in writing about the spread of the garbage- and sewage-recyling ethic, and the growing public demand for "natural" foods. But he doesn't believe America will be ready for some of the more startling sociological changes he predicted until at least 2025. "I am a constitutionally optimistic chap, and I thought at the time I wrote the book that change at those levels would take only a generation -- perhaps it was because of the heady influence...
Lenin was no more prescient. In 1916 he declared one of the goals of the Bolsheviks to be "the elimination of the fragmentation of humanity in petty states and the individualism of nations." He thought the workers of Germany would side with Russia after the Revolution of 1917, even though the two countries were still at war. The successors of Lenin and then Stalin seemed surprised when frustration with the Communist system merged with anti-Russian sentiment to help trigger such traumatic events as the Hungarian uprising of 1956, the Prague Spring of 1968 and the Polish Solidarity movement...
...happy to join with you today in what will go down in history as the greatest demonstration for freedom in the history of our nation." Those opening words of Martin Luther King Jr.'s landmark "I Have a Dream" speech have proved prescient. Last week King's followers -- including Democratic Presidential Nominee Michael Dukakis and the Rev. Jesse Jackson -- marked the 25th anniversary of the speech by retracing the 1963 March on Washington...
...their losses because bearish managers had moved away from cyclical stocks, such as steel and tires, and into defensive shares in food and drug companies, which are less vulnerable in an economic downturn. Some funds that specialize in electric and telephone utilities dropped 12% or less. Other prescient managers had built up their cash reserves, which lowered their exposure to the market and allowed them to pay off any redemptions without being forced to sell stocks at a loss. Says John Neff, who manages the Windsor Fund: "We saw a correction coming, so we had plenty of gunpowder stashed away...
...another Great Depression, but a recession is more likely now. -- In an exclusive interview, Treasury Secretary James Baker gives the Administration' s view of the tumult. -- One way or another, everyone is in the market, and anyone can lose. -- Wall Street' s investment houses brace for hard times. -- Some prescient and lucky investors survive the crash in fine shape. -- Six ways to curb America' s budget and trade deficits. -- 1929: the way it was the last time...