May 22 at Carnegie Hall: Art for a Purpose (May 2011)

In March 2011, Mother Nature gave us her worst in Japan — the most devastating series of cascading disasters seen in our lifetime. The disaster was not just another earthquake (Japan has seen many, given its geography). It was such an extremely powerful earthquake that only a few have been recorded with higher intensity in […]

U.S. Energy Policy after Japan: If Not Nuclear, Then What? (April 2011)

Given the current nuclear risk crisis in Japan, one wonders what the effects might be in the future of civil nuclear energy development. This is not a small issue given the massive investments that have already been made or are planned in several countries. K@W devotes a special article on the question. “As the crisis […]

Crisis in Japan: What Will the Costs Be? (March 17, 2011)

Special Knowledge@Wharton coverage. It may be years before the costs — human and economic — of the devastating earthquake and tsunami on March 11 in Japan are fully known, but they will be enormous. With thousands feared dead throughout the northeastern part of the country and officials scrambling to contain a nuclear disaster, there are […]

Japan: More than 10,000 deaths (most likely) (March 14, 2011)

It’s now around noon time on Tuesday in Japan. As of today, it seems more and more likely that the number of victims from the 9.0 magnitude quake (revised from 8.9) and tsunami will be more than 10,000. While the number of official deaths is still at about 3,000 (according to the authorities), the number […]

Is Japan Facing a Perfect Storm? (Sunday, March 13)

As time passes, one better appreciates the scale of the devastation in Japan. When I wrote on the blog yesterday a few hours after the quake hit and the 30-feet high wave tsunami started, “only” a few hundred people were reported dead. Historical number of deathS in an OECD country As of Sunday morning (EST) […]

Massive 8.9-magnitude earthquake triggers devastating Japan tsunami

Earlier this morning (Friday, March 11) Japan suffered what is likely to be its worst quake in modern history. The quake occurred a few days after the major one in New Zealand, although it is not clear whether there is a direct relation. Given the power of the shock, massive tsunami waves are expected. Hawaii […]

The Davos Barometer: Risks Ahead (Feb.2011)

Whether you attended the annual meeting of the World Economic Forum (WEF) last month in Davos, Switzerland or followed it from home, what happened there and who was invited to speak on what theme does matter a great deal. Indeed, over the years, looking at Davos’ agenda has always provided a solid barometer of what […]

From Australia to Davos: The Challenge of a New Risk Architecture (Jan. 2011)

Since December, Australia has been facing historical flooding that surprised the entire country. Although the risk was known, many were ill-prepared because these floods are not just another average flood, they are of very large-scale magnitude. Three-quarters of the state of Queensland has been declared a disaster zone; as I write this article from the […]

Davos 2011: A Focus on Risk Response (January)

The 2011 edition of the Annual Meeting of the World Economic Forum will take place from January 25 to 30 in Davos. This year a strong focus will be made on global risk management and financing and how better cope with them. The Chief executives of the world’s leading global businesses, representing the Forum’s 1,000 […]

MENA Countries Need to Foster Their Risk Management Capabilities, But How? (November 2010)

It’s no coincidence that this year’s World Economic Forum on the Middle East and North Africa (MENA) in Marrakech, Morocco on October 26-28 had a special focus on how to better manage global risks, including the launch of the forum’s MENA at Risk 2010 report. These risks, when they materialize, will be even more costly […]