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Cascade Failures
For another article I’m writing, I need an online definition of a cascade failure. I wasn’t very happy with the Wikipedia definition, so I thought I’d fine tune it a bit. You might want to click on...
View ArticleExamples of Cascade Failures
Here are some other examples of cascade failures: The 1965 blackout on the east coast of North America. The 2003 blackout, again on the east coast. A bank run is not by itself a cascade failure, but if...
View ArticleChrysler Shutdown Could Push Parts Makers to the Brink
We’re starting to see rumblings of the cascade failure I wrote about previously. Suppliers may go bankrupt because of the bankruptcy filings above. Suppliers may hold off on shipping parts without...
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