This fear may now ease.

Italy, however, chose to squander that interest rate advantage.

The specter of a collapse of Europe s banks, like the specter of a self fulfilling debt crisis, has been banished, allowing Europe s nose diving economies to pull up in time.

There is, however, a genuine risk that the political momentum will dissipate as the world economy slowly recovers.

The risk was a less than optimal allocation of scarce resources, or a waste of resources.

Mars, by contrast, is nearly (or perhaps totally) geologically dead and has lost much of its atmosphere.

But much of this success has since been squandered, with both Colombia and Uribe now in deep trouble.

Shame on the US if it squanders this extraordinary chance by digging in its heels at the upcoming Strategic and Economic dialogue.

By the time the funeral of Mr. Garang was held in Juba on 6 August, the tense atmosphere had dissipated somewhat.

But, looking forward, as these headwinds fade, faster growth and poverty alleviation are becoming easier to achieve.

But, too often in Africa s history, money that should have financed productive investment has been looted or squandered.

Assuming the lever does not dissipate or store energy, the power into the lever must equal the power out of the lever.

The high esteem in which Palestinians hold Hamas also grew out of what Hamas actually did for them while the PA squandered its resources.

If not, the loss in the price of the bond would more than wipe out the extra interest that he earned, even if rates remain unchanged for five years.

But, as the smoke dissipates from that vote, it has become clear that the real victor is neither the leading opposition Democratic Party (DPJ) nor the electorate.

But the mere prospect of such a transition usually postpones some important political decisions and freezes some economic activity, pending the resolution of the accompanying uncertainty.

That possibility might allay the concern expressed by some delegations that the draft convention appeared to acknowledge or endorse virtual entities or companies.

After a restless month in which it appeared that momentum for talks had dissipated, the announcement has renewed hope that a transformative agreement between the United States and the European Union can be reached.

This has dispelled hopes that Asia economic activity could develop separately from that of the US, thereby offsetting European exporters losses in America.

The US, and other Western donors, should instead help Egypt to husband its resources, which are often misspent in an effort to placate its people.

The last sentence of paragraph 1 of draft article 16 bis appeared to dispose of that concern, but the distinction between States Parties and Contracting States in paragraph 3 remained ambiguous.

If Morales had ever conceived a major revolutionary change in Bolivia, by early 2008 that project had dissipated, owing to the absence of a national consensus on the feasibility, intensity, and direction of such a transformation.

Finally, Turkey has invested far too much in its strategic relations with NATO, and with the US in particular, to fritter them away in exchange for uncertain gains in relations with Iran.

The terror of the Red Guards, the armed fights between the rebellious sects, the teams established to cleanse the social classes, and all the bloody massacres are simply left to rot in China s memory.

The G 20 has shown leadership in providing the political and financial backing for these changes, and the IMF has responded swiftly. There is, however, a genuine risk that the political momentum will dissipate as the world economy slowly recovers.

1.33 Staff living and working under conditions of extreme stress in the Gaza Strip and the West Bank frequently suffer from fatigue and burnout, making it increasingly difficult to produce quality results.

With that guarantee broken by Lehman Brothers collapse, every financial institution immediately sought to acquire a much greater capital cushion in order to avoid the need to draw on government support, but found it impossible to do so.

Particular emphasis needs to be put on institutional arrangements and capacity building for generating public information to facilitate more efficient markets and innovative financial instruments and global outsourcing networks that can diffuse perceived risk and reduce transaction costs through greater transparency.

But, too often in Africa s history, money that should have financed productive investment has been looted or squandered. The challenge now is to prevent the continent s sad history of exploitation from repeating itself during the coming era of massive resource extraction.

While fears of meltdown have dissipated, these policies have been maintained or extended, with policymakers citing the fragility of the ongoing economic recovery and the absence of other, equally strong policy levers such as fiscal policy or structural reforms that could replace monetary policy quickly enough.

Yes, American military prowess has drained away into what Winston Churchill called the thankless deserts of Mesopotamia, and its moral authority has been weakened by events in places from Guantánamo Bay to Abu Ghraib.

That is likely to be a money losing strategy unless an investor is sagacious or lucky enough to sell the bond before interest rates rise. If not, the loss in the price of the bond would more than wipe out the extra interest that he earned, even if rates remain unchanged for five years.