The debt-relief program, announced today by the World Bank and the International Monetary Fund, is a victory for an eclectic coalition of religious organizations, celebrities and watchdog groups that put pressure on wealthy nations and international lenders to help the poor nations cope with globalization.
One study by an independent analyst put the monetary value of legislative and other victories won by ACORN in behalf of its constituents at $1.5 billion a year between 1995 and 2005.
In fact, for Wall Street forecasters as a group, the tax package, on top of the Republicans' midterm election victory and the Federal Reserve's aggressive monetary policy, has helped to produce quite sunny forecasts.
To be sure, the Obama administration and the International Monetary Fund argue otherwise; according to them, a victory for the hedge funds creates a dangerous precedent for future sovereign debt crises.
Cartman's motivation in this regard is not merely monetary gain, but an obsession with scoring a victory over Kyle, a fixation that ultimately plays a major part in a subplot to the three-part episode "Imaginationland" (season 11, 2007).
The BoJ, then able to declare "victory", ended QE, rapidly drew down the monetary base, and raised the interest rate.
A government victory against Apple, which would not involve monetary damages, might also not affect e-book prices.
For the Fed's chairman, Ben S. Bernanke, who had made it a priority to preserve the independence of monetary policy, the latest Senate proposal is a partial victory.
As the dust settled today, most analysts agreed that the pact announced on Wednesday night by President Néstor Kirchner of Argentina and the monetary fund's managing director, Horst Köhler, was a victory for Argentina.
Mr. Thaksin and Mr. Chatumongkol have been locked in a quiet battle over monetary policy since Mr. Thaksin's party rode to victory in January elections promising to make life easier for the average Thai.
These numbers are staggering, and the pace of the divestment movement in relative monetary terms is glacial, despite its many moral and symbolic victories.
