Royal, whose smaller size means that it is even more vulnerable to the slowdown in global tourism spending, may decide that it would be better to swallow its pride and wait in the hope that the regulator's verdict goes its way.

BBC: Valentine test for Princess tie-up

But, by and large, every government since the troubles began has followed a policy of wait and hope: of postponing painful reforms in the hope that the economy will revive of its own accord.

ECONOMIST: Vulnerable Japan

Others, though, are adopting a wait-and-see approach, forgoing costly changes in the hope that the ban will be overturned in court.

WSJ: Soda Sellers Prep for Large-Drinks Ban

Sanchez-Navarro is one of a handful of sustainable development professionals who are now engaged in an epic game of catch up, while they wait and hope for local priorities to shift.

BBC: Surreal shapes in Mexico��s cenotes

The question is whether they can stop asset markets going wild in the hope of averting trouble later, or must wait for a crash and then deal with any macroeconomic effects.

ECONOMIST: Assets and their liabilities

We simply cannot wait any longer, nor can we let this race fall any lower and still hope to win in November.

CNN: Dems make appeal to blue-collar voters

On Tuesday the Plan B drill passed the halfway point to the miners, spurring a celebration in Camp Hope, the makeshift tent village where many of the miners' family members anxiously wait.

CNN: STORY HIGHLIGHTS