To: Mike Johnston who wrote (51503 ) 1/26/2006 6:56:44 AM From: shades Respond to of 110194 I still don't believe holding shiny metal does much: =DJ DAVOS:Global Risks Lower Than In Cold War - Exec DAVOS, Switzerland (Dow Jones)-Oil price shocks, a bird flu pandemic, terrorism and climate change are among the main global risks at present, according to a report released by the World Economic Forum Thursday. With the report, the WEF seeks to increase awareness to help mitigate disruptions to economies. But Christian Mumenthaler, Swiss Re's Chief Risk Officer said on the sidelines of a press conference that the problems are less grave than the threat of nuclear war between the Soviet Union and the United States from the 1950s to the end of the 1980s. "Overall, today's risks are lower than during the cold war years," as nuclear war risks today are lower than four decades ago, Mumenthaler said. The report, conducted by the WEF in collaboration with Marsh & McLennan Companies Inc. (MMC) Merrill Lynch (MER), Swiss Re (RUKN.VX) and the Wharton School, groups global risks into five classes: economic, societal, environmental, technological and geopolitical. Within chief economic risks, the group identifies oil prices and energy supply, asset prices and indebtedness, and the ballooning U.S. current account deficit, among others. Mumenthaler that globalization and increased economic links worldwide can spread out the negative impact of some risks, as happened with the terrorist attacks in the U.S. in Sept. 2001, which affected equities markets around the world. On the other hand, according to Mumenthaler, the increased level of information in a global world can help mitigate some risks, such as wider global awareness of bird flu. Related web site: www.weforum.org By Santiago Perez; Dow Jones Newswires; (34) 618 528 681; Santiago.perez@dowjones.com