When financial distress spreads like a virus

Financial distress can spread through the business network that links different firms at a speed that is dependent on the intensity of interfirm interactions. Empirical results show that, starting from the '80s, the economy ...

Irma: US crisis cell brings stranded tourists home

In flooded resorts and storm-ravaged beach hotels dotted along the Caribbean archipelago, hundreds of US tourists are waiting for news from the State Department crisis task force.

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