“The Sky Is Falling” Is Alive and Well—Again.

We are already past the millennium year 2000 (or was it actually 2001 that began the century) and the sky didn’t fall. Now what? Are we ready to recognize the new millennium as the beginning of something or will we still cling to knee-jerk pessimism?

In the year 1000, Europe panicked about the “end of times” that would probably cast them all into hellfire and damnation. The year 1,000 came and went, but the skies never opened. With a little ingenuity, the forecasters mo more...