Musical chairs: a comment on the credit crisis.

Uncertainty –that is, a rise in unknown and immeasurable risk rather than the measurable risk that the financial sector specializes in managing– is at the heart of the recent liquidity crisis. The financial instruments and derivative structures underpinning the recent growth in credit markets are complex. Because of the rapid proliferation of these instruments, market participants cannot refer to a historical record to measure how these financial structures will behave during a time of stress. These two factors, complexity and lack of history, are the preconditions for rampant uncertainty. We explain how a rise in uncertainty can cause a liquidity crisis and discuss central bank policies in this context.

Columbia Chronicle (01/22/2018)

Student newspaper from January 22, 2018 entitled The Columbia Chronicle. This issue is 32 pages and is listed as Volume 53, Issue 16. Cover story: Audio Arts and Acoustics Musical Chairs: SMA Dean takes over Audio Arts leadership . Editor-in-Chief: Zoe Eitelhttps://digitalcommons.colum.edu/cadc_chronicle/2047/thumbnail.jp

Insurance Issues Related to Lateral Hire Musical Chairs

This article addresses the various insurance issues relating to lawyer mobility. Part I of this article introduces the topic by noting the heightened rate of lawyers making lateral moves and how insurance coverage has responded to an increasingly mobile legal labor force. Part II provides a brief historical perspective on insurer reaction to lateral hire claims. Part III analyzes specific policy provisions related to lateral hires for both the prior firm and the new firm. Part IV discusses how a firm and a lateral lawyer should study and address risks before consummating the move. Part V examines the problems related to sorting risks and adjusting claims. The conclusion, in Part VI, reasserts the importance of carefully considering professional liability insurance implications of lateral transitions before the move is finalized

Insurance Issues Related to Lateral Hire Musical Chairs

This article addresses the various insurance issues relating to lawyer mobility. Part I of this article introduces the topic by noting the heightened rate of lawyers making lateral moves and how insurance coverage has responded to an increasingly mobile legal labor force. Part II provides a brief historical perspective on insurer reaction to lateral hire claims. Part III analyzes specific policy provisions related to lateral hires for both the prior firm and the new firm. Part IV discusses how a firm and a lateral lawyer should study and address risks before consummating the move. Part V examines the problems related to sorting risks and adjusting claims. The conclusion, in Part VI, reasserts the importance of carefully considering professional liability insurance implications of lateral transitions before the move is finalized

Susie Maroney - Kasparov and Big Blue - Coaching Musical Chairs

It has been one of those weeks when there are so many things to comment upon, I don\u27t know where to begin. The embarrassment of riches has come from a multitude of sources, and invites a veritable plethora of opinions and attitudes from joy and praise to disdain and disgust