He is deeply in debt now.

Our Deep Debt Future

Bhutan's early history is steeped in mythology and remains obscure.

The history of the United States, like that of all countries, is soaked in blood.

And in addition, I believe that every oiled animal deserves a second chance at life.

Both positions are hopelessly buried in intellectual and moral fog.

Indeed, the flip side of a world awash with liquidity is a world facing depressed aggregate demand.

France was said to be to be a country mired in apathy and increasingly uninterested in politics.

If they come to believe that Musharraf is sinking, they can be counted on to cut him loose, especially if he becomes a civilian.

State banks are supposed to lend generously to India s rural poor, but their operations are mired in inefficiency and corruption.

Let us remember that if this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers.

Yemen is mired in crises that it cannot solve alone. Unless its international allies throw it a lifeline, it risks being swallowed by a sea of disorder that could imperil the entire region.

One could easily conclude that the world is being sucked into a vortex of instability. But the past month featured some hopeful moments, and pausing to study them is imperative to avoid succumbing to pessimism.