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Crisis management     [Nehemiah 4:7-14]   I remember reading a column by Mr. Cheol Lee for the Korea Daily in America about the US economy.   He saw these cases of investment banks collapsing due to poor investments.   It is said that the cause of the problem is that the lump of investment banks has grown, fearlessly raised funds directly and even touched real estate investments, and then the subprime mortgage (non-prime mortgage loan) crisis occurred.   High returns always come with high risks, and even though executives knew this, they said they couldn't resist the temptation because the incoming profits were so great.   Then, one of his words came to mind: ‘Capitalism is driven by the pursuit of individual interests.   However, if you try to maximize profits, the risk management system does not work because you are blinded by greed’ (Lee).   I think there is a point in saying that the risk management system will not work if we a...

  Coming crisis     [Nehemiah 4:7-14]   ‘The thing we have to fear most is fear itself.’   At his inauguration on March 4, 1933, President Franklin D. Roosevelt appealed to a people in the midst of the anxiety and frustration of the Great Depression.   At the time, an unprecedented economic crisis in the United States left 15 million people unemployed and a series of financial institutions such as banks went bankrupt, and extreme fear swept over the people.   What was the most important thing at this time?   Roosevelt perceived that restoring confidence was more urgent than any other economic policy in overcoming a recession.   He saw the endless anxiety and defeatism brought about by fear as the essence of crisis.   Roosevelt wanted to cut off the process in which a sense of crisis causes a sense of crisis and a crisis in turn amplifies the sense of crisis (Internet).   How about you?   What kind of crisis do yo...

  Wisdom that shines in crisis     “Go now, make more sure, and investigate and see his place where his haunt is, and who has seen him there; for I am told that he is very cunning” (1 Samuel 23:22).     When I was little, my favorite TV comic program was "Tom & Jerry".  And now my three young children (especially the youngest one in elementary school) love “Tom & Jerry”.  The reason I liked that cartoon was because it was so funny that Jerry, the rat, wins a cat called Tom who is much bigger than Jerry.  In particular, I liked the scene in which Tom used all means to capture Jerry but clever Jerry not only escape the crisis but made Tom be in that crisis.  When I think of this comic, I remember the battle of David and Goliath in the Bible.  Perhaps because David was like Jerry and Goliath was like Tom.  As we already know, David wins the battle against the Philistine Goliath.  So King ...