(FORTUNE Magazine) - FEB. 3, 2006 A look at hot spots, economic fault lines, and events that might have an impact on global risk.

1 Colombia-- March legislative elections are likely to result in a fragmented congress, making it harder for President Uribe to build consensus for tax and pension reforms. [Increased Risk]

2 Chad--Deteriorating security conditions and a decision to renege on World Bank commitments could result in bad publicity for Exxon Mobil's pipeline. [Increased Risk]

3 Ethiopia/Kenya--If severe drought extends into the vital late-February rainy season, coffee production in East Africa will be at significant risk. [Increased Risk]

4 Palestinian Authority--Hamas's victory could result in a cutoff of aid from the U.S. and Europe, which may lead to stronger ties with Iran and Syria. [Increased Risk]

5 Kuwait--After the death of an emir, an abdication by a crown prince, and a peaceful transfer of power, two branches of the ruling family are still feuding. [Decreased Risk]

6 Japan--A renewed ban on U.S. beef shipments will raise tensions with Washington, as Tokyo demands tougher safeguards to placate health concerns. [Increased Risk]