In our view, if the state of emergency is short-lived, then it should not have a measurable impact on economic activity and thus preserve the gains from the fiscal reform effort, which is the cornerstone of the positive view toward the Philippines.

One died instantly, while the other may have lived for a short while, but not very long. They may not have understood how dangerous the terrain was.

It all depends on the situation, and the current situation does not require the declaration of a state of emergency. We will have to wait and see how the situation evolves.

Harry Potter is one of only a few products to have a measurable impact but Amazon is such a large business now.

It's not that the emergency department couldn't take them in, it's that they couldn't get them out. If you don't have beds you can admit them to, you're really at gridlock.

oil had a measurable impact on prices paid before the storm (Hurricane Katrina). Given the fact that we are now seeing energy supply interruptions the prices paid index will almost certainly be back above 70 next month, and it's very likely the headline index will fall further on weakness in both production and orders.