Weather change and its consequences are inevitable.  Governments and rating agencies around the world have tools  to “motivate” short-term-focused insurers to broaden their risk perspectives, with their executives facing personal liabilities if their coverage reserves fall short. Without more aggressive moves, the rest of the world could end up like Grenada and Jamaica, circa 2004.

Under current law, the U.S. Department of Defense automatically faces significant spending cuts over the next 10 years—cuts that america's civilian and military leaders have cadidly described as "devastating" and "very high risk."

Housing markets will continue to go sideways, on average, during 2012, then they will begin their cyclical recovery in 2013.

This two-volume collection of key papers by leading scholars provides a comprehensive perspective on the evaluation and performance of risk regulation policies.

The growth ofhigh loan-to-valuelending in the consumer marketis causing the product to be viewed under a harsher light both by those inside and outside the financial services industry.

The banking industry suffered credit crises in the 1970s, 1980s, 1990s, and 2000s. An unavoidable conclusion is that its loan loss reserves were in all cases too small. 

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

Roger Scruton discusses why the environmental movement fits well under the umbrella of conservatism through his new book,  How to Think Seriously About the Planet.