This is a surmountable obstacle: Cutting and sewing are the last steps in the apparel-manufacturing process.

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With a perfectly surmountable game against France, England or Ukraine in the quarterfinals, they may play deep into the tournament.

WSJ: Euro 2012: Italy Advances in More Ways Than One

The panic selling suggests at least a temporary rebound in Japanese stocks as bold bulls jump into the fray and more likely a sustained one if the source of the panic is contained and deemed surmountable.

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For a big company such as Syktyvkar, that sort of thing is annoying but surmountable.

ECONOMIST: A survey of Russia