But investors and traders remain anxious over European sovereign debt, and, because MF Global's failing was connected to the firm's big bets in Europe, some banking analysts and former regulators are raising questions about whether the government had an adequate handle on the company's exposures and levels of debt.
Further complicating analysis are the 64.8% of all global jurisdictions failing to report any Counterfeit Incidents to CIS.
As that list grows, how many failed states before we have a failing global civilization, and everything begins to unravel?" Hopefully, we won't go there.
The Numbers are Scary "Are we going to wait for Congress to act or the world to spend $22 trillion to upgrade our failing global infrastructure system, which has been rated a D-minus by the Society of Civil Engineers?" McGovern asked in an interview, adding, "20 to 25percentt of the needed projects are related to water, according to a Booz Allen study.
The supposed progenitor of a stable Pax Americana-backed global system keeps failing in melodramatic fashion to get its own house in order, Xinhua declares, threatening the very global order it seeks to enforce and calling into question massive international holdings, including, not coincidentally, those of China.
Like an attention starved little sibling, New Zillinders are pretty adept at making poorly-planned and wacky attempts to gain more than their fair share of global attention or failing that, at least a brief mention in the "Weird World" column of any foreign newspaper.
Tim Buckley, from the Institute of Energy Economics and Financial Analysis, said the failing global demand was under-appreciated in Australia.
In the 2011 movie "Contagion," a chef in Macao initiates a global pandemic by failing to wash before shaking hands with the character played by Gwyneth Paltrow.
He also rails against the Word Trade Organization, which is supposed to police global commerce, for failing to crack down on Chinese copyright infringements and other abuses.
In the meantime, O'Neill – made a Conservative peer last week and given a cabinet role as Commercial Secretary – is fighting a bigger, more unlikely battle: how to tackle the global problem of failing drugs.
