I agree with you on most of your thoughts, but I have a few that differ from your own:
"Three Wishes" is about dwelling on the past, and by doing so, you let the present get away from you.
"Watching TV" (one of my favs from the album) is an interesting one. There are 2 very different ideas I've come up with for this one. My first (and the one I like best) is how other people's misery becomes our entertainment...just like when a young soldier in Iraq gets killed by a suicide bomber, and his parents are interviewed on CNN, the mother barely holding back tears. That kind of thing has just gotten so much air time. My second idea is that it takes seeing something like that on TV before it's taken seriously. Most of the American public didn't care about China's oppression of its people...until we saw the Tianemen Massacre on tv (btw...in the song she was shot, not ran over, but it doesn't matter

).
"It's A Miracle"...yeah, I agree it's a bit about globalization, but the part about Lloyd Webber...well, I read in an interview he just sung that because he hates the man (I don't remember why).
Yeah, great thread!
