October 14, 2025

The 5 Major Types of Financial Risk You Need to Know About

Financial risk is the possibility of losing money from business or investments. There are five major types of financial risk. These include market risk, credit risk, liquidity risk, operational risk and inflation risk. Understanding, assessing and employing smart strategies to mitigate risk are key to a successful financial future.  Whether you’re an individual, family or …

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Nobel Prize Winners Show How Innovation Builds on the Lessons of the Past

Every year, a handful of economists earn a place in history. The Nobel Memorial Prize in Economic Sciences recognizes the people whose ideas change the way we think about wealth, work and the forces that drive economies. Since 1968, the Nobel in Economics has spotlighted research from long-term growth trends to the shocks of financial …

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From “Have To” to “Want To”: How Leaders Can Inspire Discretionary Effort

Every employee brings two things to work: what they have to do and what they could do, if they’re truly inspired. Discretionary effort is the gap between these, and it involves both meeting the basic requirements of your job description and going above and beyond.  But according to leadership expert Russell E. Justice, discretionary effort …

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