Oil Spill's Ripple Effect

The Gulf of Mexico oil spill is not just a problem to clean up, says CFR's Michael Levi, it has serious commercial implications for some oil firms and has dimmed the prospects of U.S. climate legislation.

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Volcanic Ash Clouds EU Economy

Iceland's volcanic disruption poses long-term problems for European airlines, says European economist Jacob Kirkegaard, and it could also depress the EU's overall GDP this quarter because of curtailed business travel.

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Hyogo Framework for Action

he Hyogo Framework for Action (HFA) is the first plan to explain, describe and detail the work that is required from all different sectors and actors to reduce disaster losses. It was developed and agreed on with the many partners needed to reduce disaster risk - governments, international agencies, disaster experts and many others - bringing them into a common system of coordination. The HFA outlines five priorities for action, and offers guiding principles and practical means for achieving disaster resilience. Its goal is to substantially reduce disaster losses by 2015 by building the resilience of nations and communities to disasters. This means reducing loss of lives and social, economic, and environmental assets when hazards strike.

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