Chickens, Salmonella, Vasectomies and the Gulf Leak

The following table is at least food for thought about hazard ratios in various activities in modern life. But as author Michael Cembalest of JP Morgan says in a new report, it’s not an altogether convincing exercise given the consequences of bridges failures, say, are very different from the consequences of a disruption in energy supply. It also doesn’t adequately capture the systemic consequences of a failure given that some failures have vastly larger network risk/cost effects than do others.