NECSI 2011 Year in Review


Dear NECSI Friends and Colleagues,

We are delighted to share some of our accomplishments from the past year. 2011 has been a tumultuous year globally and we are proud to have contributed to understanding these events.

Global food prices:

Our work on the causes of food prices has been selected to be among the top 10 scientific discoveries of 2011. We showed that elevated prices are due to investor speculation and grain-to-ethanol conversion.
http://www.wired.com/wiredscience/2011/12/top-discoveries-2011/?pid=2729
and
http://necsi.edu/research/social/foodprices.html

Interventions to Prevent Social Unrest:

We linked unrest to recent peaks in global food prices, underlined by the ongoing trend of increasing prices. Extrapolating these trends, we identified a crossing point to the domain of high impacts, without price peaks, in 2012-2013.
http://necsi.edu/research/social/foodcrises.html

We characterized the cascading crises in the Middle East, providing a broader historical and scientific framework. We identified key interventions to prevent the further spread of violence and anarchy, and the mechanisms of the cascades.
http://necsi.edu/news/2011/middleeastanalysis.html

We published research on how to achieve peace among ethnic groups. The research shows that peace can be sustained by topographical and political boundaries separating groups. Our analysis of both peace and conflict shows that Switzerland may serve as a model to resolve conflict in other ethnically diverse countries and regions of the world.
http://necsi.edu/research/social/scienceofpeace.html
See also:
http://www.wired.com/wiredscience/2011/12/science-graphics/?pid=2611

The Economic Crisis and its Cascading Effects:

NECSI research showed that measures of mimicry in the market can predict market crashes. This is a new and directly accessible measure of systemic risk.
http://necsi.edu/research/economics/economicpanic.html

We also showed that market manipulation may play an important role in market behavior. Citigroup's stock price plummet in November 2007 coincided with evidence of coordinated selling of borrowed stock, consistent with an intentional effort to trigger market panic. The subsequent price drop enabled the attackers to buy the stock back at a much lower price.
http://necsi.edu/research/economics/bearraid.html
See also why flash crashes happen
http://necsi.edu/research/economics/whyflashcrashes.html

Restoring economic stability:

As anger over the continuing recession heated up and the Occupy Wall Street movement gained momentum, President Yaneer Bar-Yam posted a statement of support for the group, highlighting the science behind the 99 percent's woes. Regulation and deregulation by government bodies have created conditions that undermine the very stability of the economic system promoting conditions that result in widespread suffering. Action is needed to restore the underlying viability of the economic system.
http://necsi.edu/projects/yaneer/owsdesc.html

More...(see http://necsi.edu/news/)

Please consider supporting our work so we might continue this work in 2012 and beyond. A tax-deductible contribution will help us provide real-time scientific responses to global problems.

Your support will:

  • Help us identify global vulnerabilities and the actions necessary to protect us from them
  • Help us address the problems of ethnic violence, economic crises, and healthcare improvement
  • Provide scholarships and stipends for talented students who will engage in these important problems.

Please visit http://www.necsi.edu/community/donate/ or contact Debra at debra@necsi.edu to make a donation.

NECSI memberships are also tax deductible. To begin or renew your membership, visit:
http://www.necsi.edu/community/membership.html

Yaneer Bar-Yam
Professor and NECSI President

 

 

Phone: 617-547-4100 | Fax: 617-661-7711 | Email: office at necsi.edu

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