[Felix The Assassin]

In a world that is doing alright, things can be considered 'peachy':

alright
adv. Nonstandard

adj : nonstandard usage adv 1: used to reinforces an assertion; "it's expensive all right" [syn: all right, without doubt] 2: sentence-initial expression of agreement [syn: very well, fine, all right, OK] 3: in a satisfactory or adequate manner; "she'll do okay on her own"; "held up all right under pressure"; (`alright' is a nonstandard variant of `all right') [syn: okay, O.K., all right]

Then again, if things would have held up down South, then they'd be all right:

all right
adj.
In proper or satisfactory operational or working order: checked to see if the tires were all right.
Acceptable; agreeable: Delaying the repair is all right by me.
all-right (ôlrt) Informal. Satisfactory; good: an all-right fellow; an all-right movie.

adv.
In a satisfactory way; adequately: I held up all right under pressure.
Very well; yes. Used as a reply to a question or to introduce a declaration: All right, I'll go.
Without a doubt: It's cold, all right.

"Awright" is the word to answer the greeting, "how are you"? 'Awright'.
But, If I'm writing a report about some stupid subject, then things might be 'all right' if they hold under pressure.
However, for the Americanism in me, it's just, alright!