Thursday, September 15, 2011 myBiz Blog
MarketWatch 9.18.11 by drobinson

This week, read about: how one country successfully weathered the economic storm; the President’s economic adviser; and new frontiers in Risk Management.

“Almost every developed nation in the world was walloped by the financial crisis, their economies paralyzed, their prospects for the future muddied. [But a] Scandinavian nation of 9 million people has accomplished what the United States, Britain and Japan can only dream of: Growing rapidly, creating jobs and gaining a competitive edge.” What country is it, and what are they doing right? Click here to find out!

In the fall of 2008, Grainger Hall was the site of an informal debate between the chief economic advisers for the two presidential candidates. One of them just stepped down as Chair of the President’s Council of Economic Advisers. Says Austan Goolsbee, “I always felt my role was like the pit crew in a Nascar race and President Obama was Dale Jr.—he’s driving, and my job is to change the tires and get him back on the road.” Read more about the “stealthy brilliance” of a “skinny guy with a funny name” in this story about the once-and-future Economics professor.

If you think Enterprise Risk Management is just for large- and medium-sized organizations, you’re in good company. But one actuary argues that “positioning small businesses to mitigate risks and maximize opportunities…could have a positive cascading effect on the entire economy.” Read about how some actuarial science students partnered with small businesses to help them thrive.