Planning a Great Crisis Exercise

Exercises are an essential part of skills development for things like emergencies and crises but creating a successful exercise takes a lot of work and planning - you can't just throw some problems at a group of people and hope they'll learn from the experience. Here's how to plan a successful exercise.

SITREP for Friday, March 24, 2023

SITREP for Friday, March 24, 2023 There’s still only one big story right now: banks. And rather than being out of the woods, as many are hoping, I think we might have just gotten into the woods. Keep in mind that something the increased rates are designed to do is expose and break weaknesses in the financial system. In that light, we have some way to go...

America defaults (kind of), using these metrics, and the value of delaying your morning cup of Joe.

Good morning. America hit the debt limit yesterday: that means no more borrowing is possible until the debt ceiling is lifted. The government will keep running and paying the bills for a few months because funds have already been appropriated or because the extraordinary measures introduced by Treasury Secretary Yellen provide additional financial flexibility. The … Continue reading America defaults (kind of), using these metrics, and the value of delaying your morning cup of Joe.

China’s population is shrinking and moving. Why ‘recyclable’ doesn’t mean what you think it means.

Good morning. The newly released 2021 Chinese census showed a surprising drop in population for the first time in 60 years which, while not unexpected, was earlier than many had expected. Meanwhile, millions in Asia are preparing to celebrate the Lunar New Year which for many in China, means it’s the first chance to see … Continue reading China’s population is shrinking and moving. Why ‘recyclable’ doesn’t mean what you think it means.

Some news from Davos while the metrics remain relatively quiet. Plus giant space lasers.

Good morning. First, a clarification In yesterday’s piece on sovereign debt, I said that Secretary Janet Yellen had announced that the US would hit the debt ceiling in early June and she was implementing special measures to help manage that process. In fact, Secretary Yellen said that the US will probably hit the ceiling around January 19 … Continue reading Some news from Davos while the metrics remain relatively quiet. Plus giant space lasers.