[Complacency] leads to much capacity creation, too much extension of credit. That's when mistakes happen, ... Large challenges remain.

genuine assistance to retailers, the creation of state associations in states (where) none exist, by monitoring uneven enforcement actions by regulatory agencies and by continuing to develop new tools ... to help industry comply with new regulations.

Torrance is young and we were able to take advantage of their mistakes. The match against Santa Monica should be a good one. It was originally scheduled for their spring break so we moved it to (today).

The increase in unemployment and the lack of job creation has dramatically altered the beneficial dynamic that prevailed in the latter half of the 1990s, when tight labor markets and faster productivity growth fueled broad-based wage gains.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.