
The Fifth Risk
New York Times bestselling author Michael Lewis delves into the chaos within American bureaucracy during the period following the 2016 election in his new book The Fifth Risk (W.W. Norton & Co). Describing a government attacked by its own leaders, The Fifth Risk takes readers behind the scenes to a looming crisis, where unsung heroes attempt to keep the machinery running, despite slashed budgets and staff, discarded briefing books, and willfully ignorant appointees.

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The Latest Issue
October 2025
Philanthropist MacKenzie Scott ’92; President Eisgruber ’83 defends higher ed; Julia Ioffe ’05 explains Russia.
