"He moved. Any man can move one hundred and eighty degrees."

A big bravo to @U2 for getting permission, on the occasion of live8, which will focus on consciousness raising about debt, trade, and aid for Africa, to post the whole first chapter of Noreena Hertz' The Debt Threat: here are parts one and two. This is the chapter that recounts Bono's role in brokering the initial round of $435 million in Jubilee debt cancellations. I own The Debt Threat, and reading the whole thing is a great way to learn the real story on debt -- which is very different from the ridiculous myths one usually hears about how developing countries accumulated debt and why they spent loans as they did. A big step was made by the G8 finance ministers recently, but it's people like Hertz who can help you understand why more, and what more, is needed and how.