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McCain began to gain some ground at the end, he never fully recovered from the pivotal late-September juncture.

Another problem relates to how much of its assets a bank can recover on default.

Yesterday, the second-biggest stock in the Hang Seng index was back up to where it had traded before the closing auction.

The economy not only regains its lost ground, but, within a year, it typically catches up to its rising long-run trend.

And with first-quarter GDP growth of 3. 2%, the economy has recovered all the ground it had lost since the fourth quarter of 2007.

All the losses sustained in July and August have been recouped, leaving the index up 27. 7 per cent since the beginning of the year.

Beijing still regards Taiwan as a one of its provinces that should be integrated back into the motherland, by force if necessary.

At the local level, Sunnis, Shia, and Kurds are beginning to come together to reclaim their communities and rebuild their lives.

Now they've begun to inch back, regaining territory from Libyan troops pulling back in the face of Western air attacks.