China may come to rue the wanton eagerness with which it has embraced industrialization.

Yet Erdoğan, known for his brash style, responded with remarkable equanimity.

Debt forgiveness raises thorny ethical concerns about condoning reckless and irresponsible behavior.

Reckless budget deficits can lead to a weak currency so can low interest rates.

Reckless lending to the Greek state was based on European creditors terrible decision making.

With no limit, profligate countries could go on a spending spree at the expense of thriftier ones.

The more we steam headlong into the future, the more we amalgamate the data and detritus of the past and place it irrevocably into the present.

If China continues on its current, heedless course, prospects for a rules based order in Asia could perish forever.

Clearly, careless manipulation by the authorities of patriotic sentiments has proven to be a risky business in Russia.

By contrast, reckless reality testing and unnecessary risk taking are often part of bad luck.

Following years of mismanagement and reckless lending, the bank was the first big victim of the commercial property market s decline in 1990.

We are setting ourselves up, without question, for another boom based on excessive and reckless risk taking at the heart of the world s financial system.

It is more than likely that the young and impulsive Georgian President Mikheil Saakashvili fell into the trap that he had helped to create.

Forcing bondholders to accept a haircut on what they will be paid also promises to discourage reckless lending to eurozone sovereigns in the future.

India, the land of asylum for the Dalai Lama and the angry young hotheads of the Tibetan Youth Congress, finds itself on the horns of a dilemma.

Our own experience in Rwanda has shown us that insecurity caused by reckless and irresponsible governance can cause immense suffering, adverse to human development.

The US, where consumers assisted by reckless lending to non creditworthy households had borrowed heavily to buy houses and cars, was the main culprit.

Financial markets were eager to lend to these households, in part because the credit markets were deregulated, which served as an invitation to reckless lending.

This would enable the PBC to manage domestic demand by allowing interest rates to rise in order to rein in credit growth and deter reckless investment.

I went back to South Carolina after some 15 years amid the alien corn at the tail end of the 1960s, with the reckless condescension of that era thinking I would save my people.

But there's a very serious point, and I think that in the headlong dash of daily life, we often lose sight of the damage that this roadrunner form of living does to us.

The Irish government that encouraged reckless bank lending and the creation of a property bubble was, perhaps not surprisingly, no more adept in managing the economy after the crisis that it was before.

The bridges are not for the lightheaded, or someone with vertigo. First timers take slow steps, while experienced crossers walk as if they were in Air Jordan basketball sneakers.

There is also a moral hazard aspect to the austerity argument easing repayment terms for spendthrift governments will only encourage reckless behavior in the future forgiving past sins perpetuates sinning.

Beyond Cuba, the Che myth has inspired thousands of students and activists across Latin America to lose their lives in foolhardy guerrilla struggles.

The last time we saw this kind of precipitate fiscal austerity when countries were tied to the gold standard it contributed directly to the onset of the Great Depression in the 1930 s.

The periphery of the European Union Ireland, Portugal, Spain, and Greece also began a borrowing binge a decade ago, upon joining the euro, fueling a real estate boom that likewise went bust.

A version of same thoughtless cross border lending is again underway, extolled by leading financial sector executives (e.g., Jamie Dimon from JP Morgan Chase) who have apparently persuaded Mr. Geithner to tag along intellectually.

Clearly, careless manipulation by the authorities of patriotic sentiments has proven to be a risky business in Russia. But the Kremlin still seems addicted to this means of buttressing its legitimacy among ordinary Russians.

Reckless lending is undermining efficient allocation of capital and preventing China from drawing a line under the investment and export led growth model of the past three decades and basing future growth more on domestic consumption.

The initiative to set up a bad bank in Sweden was taken not by politicians, but by the management of Nordbanken. Following years of mismanagement and reckless lending, the bank was the first big victim of the commercial property market s decline in 1990.

But can the same be said for Mexico, where reform has stalled, or for Russia, where reforms have been reversed? America s reckless deficit spending is making all their currencies look like good investments for 2005.

First, although governments are justified in criticizing North Korea for its foolhardy, counterproductive, and self destructive behavior over many years, including numerous inhuman acts perpetrated against its own people and others, North Korea is not solely to blame for its missile tantrum.

The high number of shots discharged in the direction of all three suspects (rather than at the shooter) suggests the officers were shooting with intent to kill or reckless disregard of such a consequence.

After his ill advised dismissal of the chief justice of Pakistan s Supreme Court ignited a firestorm of violent protests, President General Pervez Musharraf may be banking on Islamic fanatics to create chaos in the nation s capital, Islamabad.

To compensate for the damage that their reckless behavior caused, they received 303 billion ( 378 billion) in extra credit through Target, the European Central Bank's interbank payment settlement system, and can now expect a further 100 billion in help from the European Financial Stability Facility.

As the world reacts to China s crackdown in Tibet, one country is conspicuous by both its centrality to the drama and its reticence over it. India, the land of asylum for the Dalai Lama and the angry young hotheads of the Tibetan Youth Congress, finds itself on the horns of a dilemma.

In Greece, as in the US, a new government was left to clean up the mess. The Irish government that encouraged reckless bank lending and the creation of a property bubble was, perhaps not surprisingly, no more adept in managing the economy after the crisis that it was before.

The US and Iran could go to war not over nuclear issues but because of reckless behavior by the Revolutionary Guards (as occurred recently in the Strait of Hormuz), with Iranian President Mahmoud Ahmedinejad possibly seeking to provoke a crisis in order to distract domestic attention from his economic failures.