This, in concert with the Federal Reserve in the United States jacking short-term rates above bond yields and home owners unable to extract equity from their homes they way they have in past years, does not have a salutary effect on the U.S. or world economy.

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Yet Mexico also offers salutary examples of what not to do.

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You may not like that, but it is salutary for society as a whole.

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Mr Stiglitz provides a salutary reminder that the algebra does not always favour one side of the globalisation barricades over the other.

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These were not ideal circumstances for grieving, or the most salutary conditions for beginning a happy marriage.

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While the transition facing each of these countries is unique and while the resources of West Germany provide an opportunity for rapid change not available elsewhere, there will nonetheless likely be salutary effects and lessons to be learned throughout the region from the East German experience.

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Having said that, it is churlish, not to say obtuse, to deny that many corrective actions were taken after September 11, 2001, with salutary effect.

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