You have all these rapidly emerging areas around China, your head swims trying to keep up with it, ... We've had investment by Chinese firms for a long time, but they used to be very, very low key about it. Now they come in with trumpets blaring and flags flying saying, 'Pay attention to us.'

Retailers have been putting up with outsourcing headaches for years such as quota allocation, transportation issues, etc. Of course retailers would like to source more locally but I don't think it's going to work out yet in California because of the labor laws.

Louisiana had been on a roll, but they literally came to a crashing halt, ... New Orleans is not going to be a good location for filming, probably for several years.

[He points to booming auto sales as proof that consumers are still buying gas guzzlers even in the face of soaring prices.] They complain about the cost of gasoline, but when GM, Ford and Chrysler had their employee-discount programs, guess what they bought? ... You're watching this and scratching your head.

You talk to any businessperson, and they'll tell you they're concerned that there is no affordable housing (in Los Angeles),

The market is extremely strong, ... The office market has been improving steadily and there is a great demand for space in the industrial market.