Power to the People?

From Reuters Headlines:

Nepal king handing power to the people.

You know, I am somewhat ed-u-kated; I even knew every nation-state on the earth at one point in my life (for a political science class - thank God it was before the collapse of the Soviet Union or I'd be stuck with all those "-stans").

But I never knew that Nepal had a king. In fact, for some reason it is hard for me to accept that any nation on earth has a king or queen - except Great Britain. It is just some stereotype-thing I picked up somewhere along the line. Doesn't the concept of Royalty sound, um, like something that ended two centuries ago?

Where else is there a king or queen? Sweden, right? Anywhere else (Zamunda isn't real, for all you "Coming to America" fans).