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Factoring Pandemic Risks into Financial Modelling

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.




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Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




pan

Factoring Pandemic Risks into Financial Modelling

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.




pan

Oil Markets Provide a Glimpse of the Post-Pandemic Future

Henry Kissinger warns that many existing domestic and international institutions that have helped govern the past decades will not survive the Covid-19 crisis. He is surely correct.




pan

Getting Smart on Pandemics: Intelligence in the Wake of COVID-19

This episode of Horns of a Dilemma touches on whether the failure to properly anticipate and warn about the novel coronavirus constitutes an intelligence failure, what changes might be required in the intelligence community in the wake of the pandemic, and what type of investigation or inquiry might be appropriate in order to learn lessons and incorporate changes for both the intelligence community and the whole of government moving forward.




pan

The Global Pandemic Has Spawned New Forms of Activism — and They're Flourishing

The authors have identified nearly 100 distinct methods of nonviolent action that include physical, virtual and hybrid actions.




pan

This Virus Is Tough, but History Provides Perspective: The 1968 Pandemic and the Vietnam War

Nathaniel L. Moir recounts the events of 1968: The war in Vietnam and extensive civil unrest in the United States — and yet another big problem that made life harder. In 1968, the H3N2 pandemic killed more individuals in the United States than the combined total number of American fatalities during both the Vietnam and Korean Wars.




pan

Oil Markets Provide a Glimpse of the Post-Pandemic Future

Henry Kissinger warns that many existing domestic and international institutions that have helped govern the past decades will not survive the Covid-19 crisis. He is surely correct.




pan

This Virus Is Tough, but History Provides Perspective: The 1968 Pandemic and the Vietnam War

Nathaniel L. Moir recounts the events of 1968: The war in Vietnam and extensive civil unrest in the United States — and yet another big problem that made life harder. In 1968, the H3N2 pandemic killed more individuals in the United States than the combined total number of American fatalities during both the Vietnam and Korean Wars.




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Vettel was told to retire from Spanish GP by Red Bull

Sebastian Vettel has revealed he was asked to retire from the Spanish Grand Prix by his team but stayed out on track to finish third




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Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world. 




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Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




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We Must Prepare for the Next Pandemic

Bruce Schneier explains why accurate information will be just as important as effective treatments when the next pandemic strikes.




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COVID-19 Pandemic Accelerates the Rise of Digital Payments

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?




pan

Factoring Pandemic Risks into Financial Modelling

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.




pan

Oil Markets Provide a Glimpse of the Post-Pandemic Future

Henry Kissinger warns that many existing domestic and international institutions that have helped govern the past decades will not survive the Covid-19 crisis. He is surely correct.




pan

Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world. 




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




pan

This Virus Is Tough, but History Provides Perspective: The 1968 Pandemic and the Vietnam War

Nathaniel L. Moir recounts the events of 1968: The war in Vietnam and extensive civil unrest in the United States — and yet another big problem that made life harder. In 1968, the H3N2 pandemic killed more individuals in the United States than the combined total number of American fatalities during both the Vietnam and Korean Wars.




pan

Some Trump Officials Take Harder Actions on China During Pandemic

Since the coronavirus spread from a metropolis on the Yangtze River across the globe, hard-liners in both Washington and Beijing have accelerated efforts to decouple elements of the relationship.




pan

Factoring Pandemic Risks into Financial Modelling

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




pan

This Virus Is Tough, but History Provides Perspective: The 1968 Pandemic and the Vietnam War

Nathaniel L. Moir recounts the events of 1968: The war in Vietnam and extensive civil unrest in the United States — and yet another big problem that made life harder. In 1968, the H3N2 pandemic killed more individuals in the United States than the combined total number of American fatalities during both the Vietnam and Korean Wars.




pan

Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world. 




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




pan

Factoring Pandemic Risks into Financial Modelling

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




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Why the U.S. needs a pandemic communications unit

When policymakers consider how to respond to a public health crisis, they tend to think in terms of quarantines, medical equipment supplies, and travel restrictions. Yet they too often miss a vital factor that countries like South Korea and Singapore recognized long ago—that public communications are just as crucial. Effective communication increases compliance with public…

       




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Trade secrets shouldn’t shield tech companies’ algorithms from oversight

Technology companies increasingly hide the world’s most powerful algorithms and business models behind the shield of trade secret protection. The legitimacy of these protections needs to be revisited when they obscure companies’ impact on the public interest or the rule of law. In 2016 and 2018, the United States and the European Union each adopted…

       




pan

Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world. 




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




pan

Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world. 




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




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The United States Can Still Win the Coronavirus Pandemic

The Trump administration has made one mistake after another—and, with some foreign-policy changes, could emerge with more global power anyway. Stephen Walt details those recommended foreign policy changes.




pan

Oil Markets Provide a Glimpse of the Post-Pandemic Future

Henry Kissinger warns that many existing domestic and international institutions that have helped govern the past decades will not survive the Covid-19 crisis. He is surely correct.




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




pan

Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world. 




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




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Lessons we can learn from the pandemic: A teacher writes to her students

Coronavirus
From how different governments have acted to conspiracy theories and realising that we can be self-sufficient, here are some takeaways from the COVID-19 crisis.
Image for representation: PTI
Dear students, I trust all of you are keeping safe and healthy. You are still so young, but yet forced to witness so much turmoil and have thus evolved into thinking women (or in your words, ‘adult’.) While you were deciding between watching another episode of Sex Education or sleep, you were shaken out of your reverie and forced to reckon with the world – to fight for your freedom, your rights and now survive. Did I jinx it when I gave my farewell speech, saying that you had seen it all? From Brexit, Hong Kong protests, repeal of Article 370 in Kashmir, Revolution of Sudan, the assassination of Baghdadi, the crushing economic recession and the anti-CAA protests? Not in our wildest imagination did we think that the worst was yet to come, that we would one day be witness to a pandemic, a World War like situation with the entire globe shutting down. While being torn between my desire to consume more and more news, and drown in escalating anxiety, and resist the urge not to, for my own sanity, I couldn’t help but make a list of the lessons that we can learn from the pandemic. This pandemic is a perfect example of The Butterfly Effect – when a butterfly flaps its wings in one part of the world, it causes tremors on another, says Chaos Theory. COVID-19 has shown us the reach of the growing tentacles of globalisation, our relatedness and how everything is connected. All our actions have effects. We often take the World Wars for granted, don’t we? It had become another page in our history textbook, another date to remember and yet another pointless exam answer to write. But now we can understand how it would have been for people to live through the wars. To worry about resources, to scramble for good news, and hope in the face of crippling uncertainty. The Government is important – when we are in despair, we turn to the state for support. Only the state can pass the right policies, keep the system running and take care of its citizens. And this is why it’s in our own best interest that we stay abreast of news and use that information to make important choices. To vote. To exercise our right wisely and choose the best. While exposing the importance of the state the pandemic has also given rise to one major thought – which form of government works best? Communist countries with robust public health systems like China, Cuba and Vietnam have done very well in containing the disease, while neo-liberal democracies like Italy, Spain and the US have floundered. Is there a lesson here? Can there be too much democracy? Is the cost of a free and open society, a total disregard for community? Is there something utterly irresponsible about individual freedom? To take the US as an example, even while the number of cases were skyrocketing in New York and the government was pleading with people to practise social distancing, college students were seen frolicking on beaches and in pubs, indulging in spring break shenanigans and licking toilet bowls as a part of #CoronaChallenge. We now know what oppression feels like. Lockdown used to be the parlance of the Kashmiris. We now know what it means. Gaza. Palestine. Syria. Now that our lives have been painfully disrupted, we have a taste of what it is to lose freedom. And remember, we have only lost our freedom of movement. Did China conspire to do all this? Was COVID-19 created by China to choke the world and attain global domination? Was the virus created in a bio-research facility in Wuhan to be unleashed on ‘troublesome’ Hong Kongers and snuff out democracy forever? China’s successful handling of the crisis and subsequent closing of its international borders has given rise to many WhatsApp forwards and articles insinuating that the Chinese orchestrated the pandemic. Apparently, Chinese millionaires have bought shares in crashing companies worldwide ensuring China remains unscathed in the global recession that is sure to follow. Beijing hasn’t recorded too many cases and was never locked down. How was that possible? Well, we will ever know the truth. It’s perhaps also foolish to indulge in conspiracy theories, especially today when the fake news infodemic seems more lethal than the actual disease. In the face of growing racial discrimination, it’s best we ignore these theories and focus on reviving our societies instead. When we heard about the lockdown, what did we worry about most? Contracting the virus or the effect the lockdown could have on our minds? Most illnesses kill the mind before getting to our body. Is it still all in the mind then? Mental health is as important as physical health, if not more. Guess who is having the last laugh now? History’s longest and happiest social distancers – Kim Jong-Un and the Sentinelese of course (separately, not together though)! Oblivious to the outside world and happy to be isolated. Capitalism can be aggressive. Capitalism can kill people – America, the country that has never had qualms over waging wars against weaker countries (as long as it’s not on its soil) and destroying their economy to smithereens (while keeping their economy intact) – America that prides itself on being the stuff that dreams are made of – America that makes a hue and cry about a scrawny terrorist killing 10 people – is now grappling with an unprecedented crisis on its hand, with 500 deaths each day. For a long time, they chose to ignore the crisis, called it the ‘Chinese virus’ and lived in denial. Also, they could not bear the thought of their malls and merchandise coming to a grinding halt – after all that’s the machine that runs America isn’t it? The country with the highest GDP in the world. Alarming death rates have finally opened the government’s eyes and pushed them to place importance on public welfare over economy. It’s easy to pin all the blame on Trump, but it reeks of something more sinister, the corrupt moral fabric of America. The UK in order to not pick up the tab (since the government sponsors the NHS) decided to go for the long haul or work at herd immunity. Social Darwinism. Let life go on. Corona will kill the weak, the fittest will survive and the rest will develop immunity, was the policy. So who will bite the dust? The poor and the old, of course. It sounded like Hitler was espousing his model for superior genes all over again. One thing is for sure. This pandemic is changing the world irrevocably. At a personal level we may now choose to be more mindful of our health and reorganise our priorities. At the global level, there will probably be two kinds of government control – greater surveillance of citizens at the cost of individual freedom and maybe tighter borders. Is social distancing giving rise to national isolation? Is nature telling us something? Have we been grounded to repent for what we have done to the planet? Perhaps we are the virus and corona is trying to get rid of us. The surreal image of Olive Ridley turtles nesting along the beaches of Bhubaneswar peacefully, for probably the first time in their life, is testimony. The difference has not been more clear. What is essential and what is not. While we recognise that doctors, nurses, health workers, police, researchers, cashiers, grocers, farmers, journalists and teachers are the essential services of today, it must be also taken into account that they are also the least paid. The right to Internet is a fundamental, inalienable right. COVID-19 has been a great equaliser – it can infect the homeless man on the street and the Prince of England. However, it is a rich man’s disease – it has come from foreign travel. Yet who seems to be paying the price? The hapless migrants who had disinfectant sprayed on them for no fault of theirs. If we cared so much shouldn’t we have sprayed it on the NRIs and tourists who came from abroad? Inequality is the biggest problem in our country. I think we finally realise the true cost of development. Did we really need that flyover? Or that mono-rail for that matter? Should we be spending Rs 3,000 crore on a statue while our health expenditure is only 2% of India’s GDP? And should we elect such a government that chooses to do so? Countries such as South Korea, Vietnam, Singapore, Taiwan and Hong Kong have done well in mitigating the crisis than much richer European countries and the US. Which brings us back to the question – what makes a country ‘developed’? I’ve been curious of the crow sitting on the branch of my mango tree. Does it wonder where the humans have gone? Do the street dogs wish for our presence? What was running in the mind of the civet cat when it walked down a street in Kerala’s Kozhikode? Did they think it was the apocalypse or did they celebrate their freedom? It’s time we check our privilege – we can socially distance because we can afford to. We have savings. We have enough resources to even bake cakes and post it on social media. It was also privilege to hang out with friends and to explore aisles and aisles of our favourite snack. It’s a privilege to say goodbye. Indigenous people are right – we need to be in tune with nature. Listen to it, not encroach on it. The more we eat into the territories of wild animals and snatch their homes, the more trouble we will find ourselves in. If nothing else, this pandemic has made us self-sufficient. We can cook, clean and take care of ourselves, and sustainably too. And no, we do not need to shop so much online. We are the books we read, the movies we watch and the music we listen to. We are the art we create and the craft we make. In the darkest of times we turned to art to keep us alive and may we never forget that. The world will never be the same again. You young women are inheriting a brand new world. Rich from this experience, I know you will make a difference. May we emerge scathed but stronger. Views expressed are the author’s own.
Body 2: 




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Factoring Pandemic Risks into Financial Modelling

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.




pan

Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




pan

Getting Smart on Pandemics: Intelligence in the Wake of COVID-19

This episode of Horns of a Dilemma touches on whether the failure to properly anticipate and warn about the novel coronavirus constitutes an intelligence failure, what changes might be required in the intelligence community in the wake of the pandemic, and what type of investigation or inquiry might be appropriate in order to learn lessons and incorporate changes for both the intelligence community and the whole of government moving forward.




pan

The Global Pandemic Has Spawned New Forms of Activism — and They're Flourishing

The authors have identified nearly 100 distinct methods of nonviolent action that include physical, virtual and hybrid actions.




pan

This Virus Is Tough, but History Provides Perspective: The 1968 Pandemic and the Vietnam War

Nathaniel L. Moir recounts the events of 1968: The war in Vietnam and extensive civil unrest in the United States — and yet another big problem that made life harder. In 1968, the H3N2 pandemic killed more individuals in the United States than the combined total number of American fatalities during both the Vietnam and Korean Wars.




pan

Getting Smart on Pandemics: Intelligence in the Wake of COVID-19

This episode of Horns of a Dilemma touches on whether the failure to properly anticipate and warn about the novel coronavirus constitutes an intelligence failure, what changes might be required in the intelligence community in the wake of the pandemic, and what type of investigation or inquiry might be appropriate in order to learn lessons and incorporate changes for both the intelligence community and the whole of government moving forward.




pan

The Global Pandemic Has Spawned New Forms of Activism — and They're Flourishing

The authors have identified nearly 100 distinct methods of nonviolent action that include physical, virtual and hybrid actions.




pan

This Virus Is Tough, but History Provides Perspective: The 1968 Pandemic and the Vietnam War

Nathaniel L. Moir recounts the events of 1968: The war in Vietnam and extensive civil unrest in the United States — and yet another big problem that made life harder. In 1968, the H3N2 pandemic killed more individuals in the United States than the combined total number of American fatalities during both the Vietnam and Korean Wars.




pan

Getting Smart on Pandemics: Intelligence in the Wake of COVID-19

This episode of Horns of a Dilemma touches on whether the failure to properly anticipate and warn about the novel coronavirus constitutes an intelligence failure, what changes might be required in the intelligence community in the wake of the pandemic, and what type of investigation or inquiry might be appropriate in order to learn lessons and incorporate changes for both the intelligence community and the whole of government moving forward.




pan

This Virus Is Tough, but History Provides Perspective: The 1968 Pandemic and the Vietnam War

Nathaniel L. Moir recounts the events of 1968: The war in Vietnam and extensive civil unrest in the United States — and yet another big problem that made life harder. In 1968, the H3N2 pandemic killed more individuals in the United States than the combined total number of American fatalities during both the Vietnam and Korean Wars.




pan

Study Group on Energy Innovation and the Transition to a Low-Carbon Economy: Advising Fortune 500 Companies

This study group will explore the role of the private sector in evolving energy systems, and how corporations might change in a climate constrained world.