Thursday, September 18, 2008

What is today's worry?


A little while back, I heard an off-the-cuff comment about how people always need something to complain about, and that the media taps into this and gives them their ammunition. Complaining about financial markets and the state of the economy is the current favorite; gas prices and global warming have been recent favorites as well. And you never know which one is going to jump back into the top spot!

But it's also fun to see what happens to the old #1 complaints after they have been supplanted. Gas prices have retreated a fair amount; oil looks to take a decent jump this morning but is still down about 30% from July's high.

Y2K was a big worry. That didn't really pan out. Same with bird flu. And killer bees.

What got me to thinking about the topic this morning was this piece concerning ice levels in the Arctic. Remember when people were predicting that you'd be able to sail over the North Pole by the summer? Yeah, that didn't quite happen. Not even close. Turns out that ice loss was less in 2008 than it was in 2007; estimates for 2008 were off by 1.74 million square miles.

1 comment:

Justin M Ross said...

Even though the topics remain relatively constant, the direction of their change is always bad. For 5 years I had to answer questions about why housing was so unaffordably expensive, now I answer questions about why it is so devastatingly low!