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From Laura T. Thought you might like to listen to the participants in this short 9 min. clip with an ear to discerning threads of the 'four policy perspectives' (heirarchy, individualism, egalitarianism, fatalism) in "Clumsy Solutions" article posted on Diigo. Climate Change : Panel discussion for Editorial Intelligence, London, UK, December 1, 2009. Includes author of "Saving Kyoto," Graciela Chichilnisky, Ph.D. tenured prof. at Columbia in Economics and Mathematical Statistics & Top Ten Most Influential Latinos in America. She created Columbia's Consortium on Risk Management that was funded by six mj. global reinsurance co.'s --- a group which developed new financial instruments called 'catastrophe bundles.' (approx. 9 min.)

"They're designed to be triggered if something that's considered as rare as once every 100 years takes place during the several-year duration of the bond's life. If that happens -- say, if winds blow up Westport's Main Street over 150 mph -- then the buyer stands to lose the entire principal. But if that doesn't happen, which is the norm, the buyer enjoys a high rate of return, such as the 9 percent average across the sector in 2012, according to Artemis.bm, an industry news and analysis website."