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Being out of work because of illness or injury is potentially the most devastating financial emergency.
Nearly a decade after one of the most devastating financial collapses in modern history, Wall Street appears as corrupt as ever.
After all, central bankers failed to prevent the most devastating financial crisis in generations — looking on idly, at best, while financial institutions peddled shady bonds to fuel a housing bubble of gargantuan proportions.
And that was all that Czar Paulson had to say about the origins of the grandest, most devastating financial crisis in three-quarters of a century.
If Wall Street or its regulators had listened to Ackman when he first chirped, the canary in the coal mine may have prevented what may go down in history as the world's most devastating financial crisis.
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Astonishing events have taken place in that quarter century: victory in the Cold War, the 9/11 attacks, two hot wars against Iraq, the most devastating economic and financial crisis since the Great Depression, and the election of the first black president.
Many of the most devastating events of the financial crisis, including the decline of Netflix, can be explained by this phenomenon.
Having obtained their wealth by buying state assets on the cheap, trading heavily on their Kremlin connections, most of Russia's "oligarchs" survived the devastating financial crash of August 1998 by a cynical manipulation of their remaining properties.
But the immediate and most devastating impact was on the Tishman Speyer partnership, which was already facing extreme financial difficulties after paying a record $5.4 billion in 2006 for the properties near the East River.
The statement was the latest -- and most devastating -- of several fake press releases and other hoaxes that have upset the financial markets.
And its most devastating impact was on those economies whose elites had bought most enthusiastically into the neoliberal orthodoxy of deregulated financial markets and unfettered corporate power.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com