We see a mismatch between the opportunities rapidly developing economies offer and the level and approach of resource allocation.

We do give preference to the lower volume renter. It's simply a resource allocation. We don't have to do it too often. We prefer not to have to do it at all. The realities are of business that sometimes we have to make tough decisions.

China's national interest, the increase in deal opportunities, and the emergence of Chinese 'challengers' have all contributed to this strong momentum of M&A deals.

Corporate commitments of hard assets, capital, employees, and managers fall short of what is needed to meet revenue targets.

On an annual basis, during our cycle of budget and resource allocation, we review all expenditures. The Imperial County is part of that.

The lens of contract focuses predominantly on gains from trade whereas orthodoxy is focused on resource allocation.