It is not exaggerating to say this is a day of hope, not just for millions of American citizens, but for the billions of citizens of the Earth as a whole.

The weight of expectation is enormous – too big probably, as if single-handedly and in just a few years he can solve all the deep and desperate problems facing America, and by extension much of the rest of the world. But hopefully his term(s) of office will bring real improvements nevertheless: to the global economy, to the environment, to war-ravaged Iraq and Afghanistan, to the problems of the Middle East, to relations between the Islamic world and the West.

And if Obama does achieve some of what he has set out to do then America’s besmirched reputation around the world will regain some of its lustre too. And for that the millions of expat Americans that live and work across the globe will have something to be thankful.

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3. Mass British Exodus Waiting to Happen?