With so many risks in so many places, investors, not surprisingly, will eventually prize liquidity in their portfolios, while shunning riskier fixed assets again when these tail risks materialize.

Unfortunately, another lesson of the financial crisis is that most politicians are congenitally incapable of making difficult choices until risks actually materialize.

But at least four downside risks are likely to materialize this year, undermining global growth and eventually negatively affecting investor confidence and market valuations of risky assets.

But this scenario failed to materialize.

But this generalized benefit has failed to materialize.

Three promising tracks will have to materialize rapidly.

Whether such plans materialize remains to be seen.

But that miracle will not materialize in Mainz.

Eventually, world pressure subsides and the freeze fails to materialize.

Unfortunately, these benefits did not materialize, or at least not everywhere.

But that despairing hope, uttered by a desperate Gazan, will not materialize.

Finally, there is a similar risk that Asia s terrestrial and maritime territorial disagreements (starting with the disputes between China and Japan) could escalate into outright military conflict. Such geopolitical risks were they to materialize would have a systemic economic and financial impact.

Even now they won t materialize overnight. But they are the real implications of Governor Zhou s remarks.

The threat from opposing militant forces who wanted to derail the electoral process failed to materialize.

Before the crisis, such ideas would have been dismissed out of hand. Even now they won t materialize overnight.

So it was right to start planning for a change of gear when the recovery started to materialize.

The Advisory Committee expects that any such savings as may materialize will be reflected in the performance report.

Risk mitigation activities and reducing the hazardous conditions under which a threat can materialize are the next step.

However, the full benefits of reform can only materialize over time, with further changes in mentality and modus operandi.

Occupational risks

As a result, they have few skills that can be applied elsewhere if the job they expect fails to materialize.

Risks As with any surgical procedure, there are risks of bleeding and infection.

But risks remain.

Risks and challenges

The public perceives Fukushima type risks and derivatives risks differently. Many fear nuclear risks, which are vivid, slowing the industry s development amid safety concerns.

Financial commitment refers to having a stable source of finance to sustain the process of organizational learning until the returns materialize.

Secondly, for this to materialize, and to enable developing counties to meet the MDGs, there was a need for development solidarity.

Postponing fiscal consolidation risks aborting it, but consolidating too aggressively risks temporarily hindering growth.

Trichet appeared to be calling for a pre emptive approach when he said, We must not allow second round effects to materialize.

Which of these two outcomes will materialize also depends on what happens inside Berlusconi s camp, and that is less easy to predict.

The prospect of its eventual demise is not a good reason to wait for some theoretical ideal of global balance to materialize.

One can only hope that the spill will be contained soon, and that the ever darkening worst case scenarios will not materialize.

The transition to decentralized decision making and management of forests is likely to be costly, and the payoffs may not materialize immediately.

As a result, market risks can be equated with the risks confronting individual market participants.

Tom understands the risks.

These risks are real.

There are serious risks.

The risks are considerable.

Some recognize the risks.

The risks are high.

The Risks of Withdrawal

It is less reassuring that most Israelis and a large majority of Palestinians have lost hope that such a solution will ever materialize.

For an elected politician who is unlikely to be in office (or even alive) when the bigger costs materialize, the choice is clear.

Second, for this to materialize and to enable developing counties to meet the Millennium Development Goals, there was a need for development solidarity.

The risks include health risks from overcrowding and poor sanitation, increased vulnerability to natural disasters and risks of eviction and economic vulnerability because of the lack of secure employment.