Since I was out of commissioin for a while during the summer, I didn’t have a change to update some of the veridicitions I’ve had in my notebook since the start of this year. Just a reminder, veridiction is my term for “verifying predictions“. As an avid consumer of media, I hear and read all sort of pundits and talking heads say this will happen or this won’t happen. Rarely to never do I ever hear a host remind some so-called oracle that they were wrong back in 2009 or so forth.
This is my small and humble attempt to rectify that as only one man and a keyboard can do.
On the February 15, 2010 edition of the radio program Marketplace, MIT professor Yasheng Huang made the prediction that “I think there is no doubt that he will be declared guilty”.
The “he” Professor Huang speaks of is Chinese business man, Huang Guangyu, who at the time of the broadcast was charged by authorities with bribery and insider trading.
The former chairman of the GOME Group, China’s largest retailer of consumer electronics, was put on trail in April of this year and was later sentenced to fourteen years in prison on May 19.
A tip of the hat is thus given to Professor Huang for correctly divining the outcome the Chines judicial system.
As a postscript, China’s former owner of the title of “China’s richest man” did not go gently into that good night as he wrote a farewell letter before stepping off behind bars.