Crisis management is, by definition, exceedingly difficult. The continuing aviation crisis in Europe caused by the volcanic ash-cloud from Iceland is no exception. Initial assertions made by airlines following uneventful weekend test flights that the blanket restrictions on air travel were draconian have been followed by less self-interested questions about the basis in science for… Continue reading
Comparing Airline and Banking Crisis Regulation
The Icelandic volcanic ash cloud has caused a global crisis in aviation. I’m currently in northern Europe, where reactions to the continental shutdown of flights have ranged from the whimsical to the anxious to the furious. On a very basic level, the perfectly cloudless sky over Berlin throughout the weekend has led to a sense… Continue reading