This chart is very nice. It shows, in animation, how per capita income versus life expectancy has changed for dozens of countries over the last 30 years. A number of different viewing options are available. Quite interesting for its data, as well as a nice pedagogic tool.
Related tools (as well as a link to the above-mentioned chart) can be found at www.gapminder.org .
- Rick
Saturday, January 20, 2007
Tuesday, January 2, 2007
Risky Business
I usually mention "securitization" -- whether as a reference to various types of asset-backed securities, or to the securitization of insurance risk -- at some point in most of my classes. This is becoming an area that most actuaries should understand and appreciate.
Here's an opinion piece from Saturday's (December 30, way back in 2006!) Wall Street Journal, available here via the free section of wsj.com . The piece emphasizes the good of derivatives and securitization in their potential to more effectively manage risk. The end of the piece sums up nicely: "Risk is still out there. But as we leave a successful financial year and enter a new one, take comfort in the fact that all that buying, selling, swapping, trading and securitization of risk has actually made the financial system less risky. "
- Rick
Here's an opinion piece from Saturday's (December 30, way back in 2006!) Wall Street Journal, available here via the free section of wsj.com . The piece emphasizes the good of derivatives and securitization in their potential to more effectively manage risk. The end of the piece sums up nicely: "Risk is still out there. But as we leave a successful financial year and enter a new one, take comfort in the fact that all that buying, selling, swapping, trading and securitization of risk has actually made the financial system less risky. "
- Rick
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