Panicked about a 1937s relapseinto a deflation-depression, the Fed on August 10 decided to keep interest rates low and inject more money into the economy.
When indicators of a potential relapseinto conflict emerged around the constitutional referendum in Kenya, we worked with international partners and Kenyan leaders to support a peaceful and credible process.
Some Arab analysts have sounded more informed warnings, fretting that a truncated northern Sudan could become an Islamist police state and that the impoverished South may soon relapseinto internal strife.
The result was that three-quarters of the treated group did not relapseinto depression: a success rate twice as high as that of the 20 patients in the control group, who received a placebo regimen.
In Kyrgyzstan, through engagement at the highest levels, we helped bring about the creation of a formidable international commission of inquiry to investigate the causes of the ethnic killings there and to prevent relapseinto conflict.