If you do both of those at the same time in an economy that is already contracting, you do run a serious risk of pushing the economy over the edge.

Then he gave some specifics on the bad debt situation, perhaps more detail than we would have expected, but we are yet to see anything comprehensive on the fiscal reform, and we don't expect anything soon.

It's partly about brand building in areas of high tourist traffic.

For all Bill Gates' billions, he can't buy hipness. He isn't cool, except in a proto-geek way.

The business is somewhat more difficult and complex than many of the operators had originally thought would be the case.

Oil is at new highs and then you get a number like this at a time when the market was predisposed to concerns about softness in the economy. We still expect a weaker dollar. The dollar bear story is coming into focus.

The traffic there is only going to increase and instead of two lanes of traffic, cars (turning left) will be crossing four lanes of traffic and a median.

What they do matters. Their rapid reserve accumulation has been a large support for the dollar, so if they have less of a propensity to hold dollars, then it will be important.

We've had a good set of data out of Europe. That has been reflected to some degree in the interest-rate expectations in the euro area.

We are looking at how to make a circulator wider band, so more information can be processed through it; make it more efficient, so we don't lose too much energy in the system; and, if we can, to make it smaller and lighter weight.