As is evident, a clear deceleration appears to be underway, ... The gain was not large enough to recoup the 13.1% month-over-month decline in July.

There's still a very exciting story to tell in Snowmass. The renaissance of Snowmass is underway. There's still something like $28 million in development projects currently going on in town without including Base Village.

Ignorance of one's misfortunes is clear gain.

Wherever the capital inflows come from, it is clear that Iceland would not have been able to run so large a current account deficit without them and would have had to curb internal demand a while ago. The same is true, of course, of the U.S. (and of the U.K. for that matter). The key question in these instances is how reliable the capital inflows are.

Luck take a second look at what appears to be someone's ''good luck.'' You'll find not luck but preparation, planning, and success-producing thinking.

The process is still very much underway and we do not expect to be ready to make any further announcements until the end of the season.