If nothing changes and we held to the pledge, it could be a delta of $14 million over the next four or five years, ... That's what we have to do to honor our commitment.

If nothing drastic changes, we'll be looking at a $1 million deficit next year. The sooner we cut it, the less deep we're going to have to go later. We're not saving anything by not making cuts, we're just delaying them and multiplying the costs.

Governments must pledge to the fund now, before the next emergency occurs.

Last week I fulfilled the pledge that I made in October by establishing an irrevocable $25 million escrow account at Union Bank of California for the benefit of Global Crossing employees who invested their 401(k) plan in company stock.

The financial reports that were presented to the board were laughable,

I think we have to make a decision on the middle school. And it appears we have a vehicle to finance it.