Beta: A Powerful But Faulty Tool For Managing Risk

North Sea Oil Fight Escalates As Starmer Cites Legal Limits Authored by Mauricio Alencar via City A.M., Sir Keir Starmer has said he doesn’t hold legal powers to approve fresh exploration of North Sea oil and gas fields, with the decision falling in the hands of net zero secretary Ed Miliband. Starmer said current legislation determined that a quasi-judicial decision relating to cases for more gas extraction at Shell’s Jackdaw site and Equinor’s Rosebank oil field was left to Miliband. The Prime Minister reiterated the government’s commitment to expanding renewable energy. He said the...

Human action involves people engaging in unique events in which outcomes often are uncertain, when expertise and planning often do not give us the results we anticipate.

Volkswagen May Convert German Auto Plant Into Iron Dome War Factory Struggling German automaker Volkswagen may soon begin transforming its Lower Saxony factory from producing T-Roc Cabriolets to manufacturing parts for the Iron Dome missile interceptor system, according to a new Financial Times report. This reveals a new reality for the West: a nation's auto industry can become a dual-use industrial base in times of conflict. FT reports that Israel's Rafael Advanced Defence Systems is in talks with VW regarding its troubled Osnabrück plant to produce Iron Dome components.  "The aim is to...