Have Bethel’s Watchmen Fallen Asleep?

According to the Watchtower Magazine’s mission statement on the inside cover, the purpose of the Watchtower is to explain the significance of world events in the light of Bible prophecy. Here is what it says specifically:

“Just as watchtowers in ancient times enabled a person to observe developments from afar, so this magazine shows us the significance of world events in the light of Bible prophecies.”

The question posed here is: Has the Watchtower fulfilled its mission statement?

While the Watchtower frequently reminds Jehovah's Witnesses of its supposed prophetic prowess of yesteryear, such as divining the year 1914 and predicting the reformulation of the League of Nations in some form during the waning years of the Second World War, in more recent times the Watchtower seems to have gone silent.