We thought it was a good investment to help the city.

People waited until the last minute to see how the economy was, if their job was on the line. Post-9/11 ... people lost jobs as the economy slowed down.

We are looking at a variety of forms in which investment could take place. There are no specific items that I'm in a position to discuss.

We are speeding up the investment due to some recent changes in the Indian market.

Particularly with the volatility in the stock markets and bond markets, they ended up undervaluing the investment assets by about $130 million. When you understate the value of the state's assets by $130 million, which is a fairly big piece of change, it could have some affect on investment decisions and potentially on bond ratings.

Particularly with the volatility in the stock markets and bond markets, they ended up undervaluing the investment assets by about $130 million. When you understate the value of the state's assets by $130 million, which is fairly big piece of change, it could have some affect on investment decisions and potentially on bond ratings.