Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
James Surowiecki
Related In the old days we were the challenger brand competing against the big banks, but today I go round t... LLOYD DORFMAN Better to make prime ministers out of prisoners than prisoners out of prime ministers. LORD CARADON In the Thai case we have seen the prime minister ask one of the deputy prime ministers to head an in... DR. DAVID NABARRO The heads of political blocs will meet on Saturday to discuss the presidency, prime minister and spe... ABBAS BAYATI It's hard to say whether he's making brilliant choices because it's hard to go wrong in Internet sto... CHRISTINE BENZ With Singh not voting, the question arises as to whether it is our right to vote or our duty to vote... ARUNA KALITA Life is political, not because the world cares about how you feel, but because the world reacts to w... TIMOTHY SNYDER Business cycles lengthened greatly during the 20th century, as central banks learned to manage natio... ALEX BERENSON My standpoint has been that we should first sort out the issue of the banks' roles, listen to the us... SADAKAZU TANIGAKI How should I know?" said Alice, surprised at her own courage. "It's no business of mine." The Q... LEWIS CARROLL Asian central banks have been huge buyers of Treasuries, so if they're going to be buying less to ho... DARIUSZ KOWALCZYK There's only so much you can do. Are you not going to do something because of political unrest? You ... DR. CHUCK SALKA Healing ultimately comes down to whether or not you have made the decision to do so. GARY HOPKINS The central banks of the world are now left with two difficult choices; a deflationary implosion or ... RAY MUFFLER It comes down to personal choice. You have to police yourself in this world you have to decide wheth... BRUCE SKILLINGS With ministers, with prime ministers, we've always had good relationships. GEORGE YEO We should ban banks from risk-taking because society is going to pay the price. NASSIM NICHOLAS TALEB I will not agree that the health of Israel's prime minister would turn into a political issue. This ... AMIR PERETZ If our system of cabinet government is to work effectively, the prime minister of the day must appoi... NIGEL LAWSON But in a turbulent environment the change is so widespread that it just routes around any kind of ce... KEVIN KELLY The unfortunate thing is that, sometimes, we slip, but, fortunately, consciously or unconsciously, w... ERNEST AGYEMANG YEBOAH Many of every day blessings comes from your determination to do great. NELSON RIOS For most organizations, the lack of a consistent risk management framework leaves a lot of important... BARRY MURPHY So much of it is economics. Everything we deal with within a community is, it comes down to, in one ... BRYAN THOMPSON During my nearly five years as director-general of WHO, high-level policymakers have increasingly re... GRO HARLEM BRUNDTLAND To be, or not to be, that is the question. WILLIAM SHAKESPEARE You cannot manage risk, or for that matter, build a risk management capability without first underst... PEARL ZHU Throughout the human history millions have died because of the kings and the queens, because of the ... MEHMET MURAT ILDAN life is very much like a James Bond movie; full of surprises and you could get screwed up by the cho... JOSEPH ANNANG SOWAH When you feel you have limited or no freedom… whether in business, personal or spiritual pursuits�... KIM HA CAMPBELL The reason most people don't express their individuality and actually deny it, is not fear of wh... DAVID ICKE How about we call it lovingly fucking your brains out? R.K. LILLEY I began to despise Lenin, even when I was in the first grade, not so much because of his political p... JOSEPH BRODSKY We chose the Arkansas River because it is so habitable there is so much human activity. Also, there ... CHRISTO You come in with a lot of anxiety about whether or not you remember (how to manage), but it is like ... BUCK MARTINEZ One suggestion my wife and I have used in our personal finance courses we teach at college is simply... MARK SKOUSEN To be or not to be. That's not really a question. JEAN-LUC GODARD the only person to have interviewed the last seven presidents of the United States and the last six ... DAVID FROST Whether it be a matter of personal relations within a marriage or political initiatives within a pea... SEAMUS HEANEY You want banks to take some risk, but intelligent risk. CHARLES SCHWAB It was a sad blow to her when Denis passed away; that left her rather more lonely. She never really ... CHARLES POWELL Presidents and prime ministers, whether they live in the rich or the poor world, are insulated and i... JONATHAN DIMBLEBY It is painful for me because I would love to sit down and talk to my dad about the way he used to be... LAILA ALI A little learning is a dangerous thing, but we must take that risk because a little is as much as ou... GEORGE BERNARD SHAW As an economist specializing in the global economy, international trade and debt, I have spent most ... NOREENA HERTZ Banks are definitely in vogue at the moment because we are expecting rates to come down in the secon... HARRY SU Why do we so much value gold? Because it is hard to find, but why do we not value our spouses again ... DAVID ATTA (A.K.A DAVIED ATTLARS & MR DAIN) Prime ministers come and go, but so long as he or she lives, the sovereign remains, receiving and re... MICHAEL KORDA This whole area is a potential legal minefield, with employers being left open to the risk of court ... DAVID FROST Because we have so much eye candy and mind candy, spending so much time trying to pay the rent, all ... LYDIA LUNCH May I never neither turn left nor turn right in my journey of life, but may I go straight to Christ ... ERNEST AGYEMANG YEBOAH Headmasters have powers at their disposal with which Prime Ministers have never yet been invested WINSTON CHURCHILL The government, whether state or central, is elected. That means we have a responsibility to elect t... A. P. J. ABDUL KALAM He is the last of a dying breed. You're not going to have someone who comes out of the same kind of ... CHARLES WHEELER The prime goal of censorship is to promote ignorance, whether it is done via lying and bowdlerized s... FELICE PICANO Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepar... MARY KAY ASH The issue of the Betrayal was so central to that, I felt the need to comment upon it. My choices wer... RAYMOND E. FEIST You don't try and put rockets under prime ministers. ANDREW FORREST Anything they do to advocate the education of farmers on the use of risk management choices is good. JOE VICTOR Beauty fades, but knowledge is eternal ANDREW FAIRCHILD Whether or not the allegations against him are true or not, I don't see what happened as so much abo... RICK ROSS The financial system has to be regulated, we have to end with the tax havens, and it's necessary... LUIZ INACIO LULA DA SILVA Every choice comes with a consequence. Once you make a choice, you must accept responsibility. You c... ROY T. BENNETT The quest of the Inner Ring will break your hearts unless you break it. But if you break it, a surpr... C.S. LEWIS Do I have the courage of being a ruthless man to myself with the complete knowledge on my manner or ... FEREIDOON YAZDI I think prime ministers, I actually think Cabinet ministers should be subject to intense scrutiny, I... ALEXANDER DOWNER The challenge is to manage the Web in an open way-not too much bureaucracy, not subject to political... TIM BERNERS-LEE I definitely had a hard time leaving for college because I'm not much of a risk-taker. RAINBOW ROWELL That's one of the reasons we fought so hard to win the division. But it comes down to the players. T... ANDREW FERENCE The market is still waiting for HSBC results, which will have a big impact on the direction of the m... ANDREW TO Property shares had a technical rebound, but interest rate concerns will still affect properties unt... ANDREW TO Bank of China's results were quite good; double-digit growth can be taken as good results for a bank... ANDREW TO The index tried to challenge 18,000 but failed, so that triggered profit taking. Tokyo's slide also ... ANDREW TO Trading seems to be focusing on selective counters because investors are cautious amid interest rate... ANDREW TO We're seeing a minor technical rebound after Wall Street rebounded from two days of losses. The key ... ANDREW TO Some investors have returned to pick up the stock at bargain prices. ANDREW TO I think the take-up for the placement is not too good and other property developers may be discourag... ANDREW TO We are afraid that our freedoms and liberties will be infringed in the future. ANDREW TO I think there was some minor selling pressure on telecom stocks as the market continued to see a wea... ANDREW TO It's not about who you sleep with, or whether you know about sports or tools or have a pearl-wearing... BEN MONOPOLI This is a legitimate concern and that's why the central bank has to urge commercial banks to pay att... YI GANG America glories in its tradition of the self-made individual. Political candidates compete to be a f... MARK MCKINNON There is something utterly nauseating about a system of society which pays a harlot 25 times as much... HAROLD WILSON When it comes down to the real brass tacks, it really reflects not so much hardcore analysis as the ... THOMAS DONNELLY Having the BRCA mutation significantly increases the risk of breast cancer, but it is not always the... DEAN ORNISH In the outgoing year members of the government and the prime minister went to regions frequently, an... SERGEI MIRONOV The Central Bank should have a permanent window for discounting high quality securities where banks ... ABDUL AZIZ AL GHURAIR It all comes down, as it must, to the desires of individual men. Oh, and women too of course, bless ... THOMAS PYNCHON In the end we are all sacked and it's always awful. It is as inevitable as death following life. If ... ALAN CLARK The question is whether prices are sustained -- then the burden of oil subsidies comes under stronge... ANDREW SYMON Dixon Steele: You know, when you first walked into the police station, I said to myself, “There sh... DOROTHY B. HUGHES To much has happened too fast Dear Diary. What I want is for nothing to happen at all. I don't... LEE SMITH It was a great thing for James to do. More than me, he is exactly what the pop world is looking for ... CASSIE COMPTON Opportunity comes to everyone it depends on you whether you take it or leave it. Learn to take risks... ABHYSHEQ SHUKLA Making your mark on the world is hard. If it were easy, everybody would do it. But it's not. It take... BARACK OBAMA No senior official -- neither the interior minister, nor the defense or justice ministers, nor the p... LIONEL JOSPIN Central banks don't have divine wisdom. They try to do the best analysis they can and must be pr... MARY KAY ASH This issue is a big one, and central banks are divided. ADAM POSEN What is helping the dollar is the moral persuasion of the central banks. There's been contact betwee... DAVE GILMORE To be or not to be that is the question. WILLIAM SHAKESPEARE
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JAMES WOLCOTT I know there's Brooklyn and all the boroughs, but Manhattan specifically is so condensed that th... THEO JAMES