Analysis: Islamic State may be down, but it's far from outOn paper, Islamic State's loss of territory, money and recruits would seem to demonstrate significant progress by the US-led coalition. But wars aren't fought on paper.A general view taken on March 31, 2016 shows a photographer holding his picture of the Temple of Bel taken on March 14, 2014 in front of the remains of the historic temple after it was destroyed by Islamic State(photo credit: AFP PHOTO)