Nevertheless, the official impact of Russia on Mongolia was small, and was largely confined to the capital city, Urga. But the wind of change, however light its breeze, is irreversible in its effect. The restoration of Chinese control in 1919 and the resultant loss of autonomy were not to the taste of some of the Mongols who lived and worked in Urga and had benefited from the changes after 1911.

Roger Yates, chief executive officer of Henderson Group Plc in London, which oversees about $125 billion said Greenspan's remarks were blinding obvious.

He ought to do something to make his shrievalty memorable .

Then you get up on your trotters, but you have a job to stand; / For the landscape 'round you totters and your collar's full of sand.