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Waking up in a city that never sleeps is fine, but it also has severe downsides: it wears you down, numbs the mind.
The nature of the work we perform has become more complicated over the past 30 years, with more severe downsides if laboratory animal care employees don't know what they're supposed to do or require constant supervision to perform their tasks reliably.
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They consider it a remote event, but one with a very severe downside, so, given how much money they have, spending a fraction of their net worth to hedge against this . . . is a logical thing to do".
They warned of "severe downside risks for growth that could have even greater negative consequences for trade if they came to pass," and cited the European debt crisis, rising oil prices and geopolitical risks as being of particular concern.
We already know that there are severe environmental downsides.
There are several potential downsides to podcasts.
Similar arguments can be made for global equities: A severe global recession implies further downside risks to global equities in the order of 20% to 30%.Thus, the recent rally in U.S. and global equities was only a bear-market sucker's rally that is already fizzling out buried under a mountain of worse-than-expected macro, earnings and financial news.
The dry clear conditions also have an environmental downside – Beiing is suffering from a severe drought.
"I think the overwhelming scientific evidence indicates that the world is heating up, and the downside effects of that could be severe," he said.
One way to ensure that doesn't happen is to make the downside of losing a risk too severe to take.
For years, severe air pollution and rising carbon emissions have been downsides to China's economic growth, even as that growth has lifted more than 600 million people out of poverty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com