Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.

The availability of private insurance provides tremendous insulation for millions of individuals

A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.

I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it.

Where countries have been able to carry through on their reform commitments - as in Korea, Thailand and the Philippines - results are starting to come in the form of lower interest rates, new investment and increased growth.

In politics, as in poetry, it is sometimes true that it is darkest before dawn.

You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.