But the present fragility of America's stockmarket also has much to do with recklessness at home.
It explains why, despite the odds against them, the players feel confident not just about the future, but the present.
But the present housing market looks as though it will exclude him from living near his school - a situation which he says is "crazy".
But the present Conservative leader seems happier to embrace the establishment, and to be embraced by it, than to turn the established order upside down.
But the present government with its commitment to cutting the budget deficit and public debt are in any case pursuing the opposite of a Keynesian policy.
But the present Ryder Cup captain, Europe's eight-time number one, has not managed a US PGA Tour title in 17 years of trying, losing play-offs for the US Open and US PGA and having two other second places in the US Open.
When people pay more on these loans than is due before they mature, this increases the present value of the principal-only tranche but decreases the present value of the interest-only tranche.
This may change in the future, and certainly cord-cutting is on the rise, but at the present there is no incentive for HBO to worry about piracy or to offer a stand-alone service.
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"The NJP is not an alternative to UMNO but to the present opposition parties, " says UMNO political scientist Ahmad Shabery Chik.
Such was the mechanism by which King Hussein of Jordan made his deathbed decision to pass the crown not to his brother Hassan, but to the present king, Abdullah.
He owns 500 North Korean posters, some from the 1950s but most from the present day.
But for the present Indian security forces would be well advised to brace for renewed attacks.
Trumpets and robes are fine, but in the present and the future you will need something more.
But at the present, the governor has chosen -- I know the governor, and he's definitely chosen the right guy.
The reforms may well boost growth in the future but, in the present, countries like Spain appear to be locked in a cycle of decline.
But the debaters present a partial picture of private equity.
But in the present debate over revising (favoured over simply reinterpreting) Article 9, it is the country's politicians rather than its diplomats or other government officials who have set the pace.
Domicile is the voluntarily fixed place of habitation of a person, not for a mere special or limited purpose, but with the present intention of making a permanent home, until some event occurs to induce the person to adopt some other permanent home.
Magosaki quotes a historian to the effect that we study history not so much to understand the past, but to understand the present.
Byrne doesn't perform in the show, but was present on the dance floor throughout a recent performance, flashing his familiar head bob and rubbing elbows with dancing audience members.
But the two minorities present very different problems for the Beijing regime.
You know, my grandmother was a Lutheran from Minnesota and a great woman, but the worst Christmas present gift I ever got--the strangest one--was she gave me two stuffed anatomically correct dolls, male and female.
All but the last are now present and the stars could yet be aligned.
History is important in that it informs the present, but the majority of the assessment should look to forward-leaning present state.
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But, in the present case, interest rates have probably been too low for too long.
But the past links us to the present and that tragically will take far longer to fix.
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But the picture they present of what's going on in Libya is distorted.
Now here was Foreign Minister Paek Nam Sun, slightly unnerved by the attention, but at least present to enter the debate.
But, under the present law, the new principle of management responsibility will have to be adapted to fit the rulebooks of each of the seven existing regulators.
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