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The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year.

The online travel and lodging industry clearly needs to improve its reliability. Simply put, when your site is unavailable to consumers you lose business. Marriott sets the standard for site reliability and responsiveness in the lodging industry. It is very rare for one site to top our rankings in both these areas, so clearly Marriott is the site to model after from a technical standpoint.

The only factors that actually prevented the first quarter from slipping into negative territory ... were the high starting point heading into it and the pre-war spending and inventory building we saw in January. As far as the second quarter is concerned, we are clearly losing momentum as we approach it.

The only reason why I negotiated with these guys was simply because they didn't try to avoid the issue, they got hold of us right way, ... They clearly didn't understand when they went out of bounds the risk that was involved to other people. I think in looking backward, they understand they put other people at risk with their behavior and this was a way to settle this thing.