Banks never wanted to admit to their bad loans, and now they don t want to recognize the losses, at least not until they can adequately recapitalize themselves through their trading profits and the large spread between their high lending rates and rock bottom borrowing costs.

Mr. Mayhew described you as champion of the hopeless cause.

They search instead for an amazing grace which makes the blind to see and the wretched to be saved.

But many branches of the service sector are a sink of dead end, no hope jobs.

I don't know why, something Maybe you're one of God's hopeless cases, I don't know.

(Applause.)

As in Sweden 8 years ago, there is too much bad debt and too many banks.

The cease fire in Northern Ireland suggests that all is never completely lost in even the most enduring and seemingly intractable conflicts.

Despair at the hopeless socio economic conditions of one apos s daily life has given rise, in those so affected, to a basic pessimism and to the willingness to risk even one apos s life for changed circumstances.

The current crisis of the conservative cycle reflects the massive build up of bad debt that became apparent with the sub prime crisis, which started in June 2007 and has now spread to the whole credit market, sinking Lehman Brothers.

In short, the rapid depletion of resources, the plummeting of economies, the disturbing increase in the number of displaced persons and the near collapse of infrastructures are all occurring against the backdrop of profoundly dismal prospects for an end to hostilities.

History in the hands of manipulative politicians and incorrigible ideologues can be either a dangerously inebriating weapon to mobilize the masses, or, as James Joyce put it in Ulysses, a nightmare from which it is difficult to wake.