Editorials Jul 5, 2011

Power conservation in summer

On July 1, the government started imposing a 15 percent power consumption cut on large-lot users serviced by Tokyo Electric Power Co. and Tohoku Electric Power Co. Small-lot users, including households, are also called on to reduce power consumption by 15 percent. Other power ...

Commentary / World Jun 2, 2011

Japan's costly lesson in risk management

by Robert Shiller

The basic principle of financial risk management is sharing. The more broadly diversified our financial portfolios, the more people there are who share in the inevitable risks — and the less an individual is affected by any given risk. The theoretical ideal occurs when ...